Mining sector will be in a net cash position 'by end of 2011'

ON SPECIALIST MARKETS

EVY HAMBRO, joint CIO of BlackRock's Natural Resources Equity team on Specialist Markets

For more information on BlackRock, search Adviserhound.com Equity market performance so far in 2010 has been heavily influenced by the macro. This has been particularly true of the mining sector. Perceptions of global economic growth have driven mining stock performance just as they have equities as a whole, but there have been a few macro events whose impact has been felt particularly acutely by miners. Early in the year, China tightened monetary policy to try and cool their overheated housing market and move to a more sustainable growth path. The measures generated fears of a hard l...