Saturday, July 02, 2016

I'm Trying To Remember The Last Time I Heard That Something Was "Not Sustainable"

'Not sustainable at all': Investors stockpiling miners in spite of soaring share prices

It feels like a lifetime ago, but only five months have passed since investors thought Canada's two biggest copper miners were at risk of collapsing. In mid-January, Teck Resources Ltd.'s long-term notes traded as low as 38.5 cents on the dollar. Meanwhile, the debt of First Quantum Minerals Ltd., one of its chief rivals, traded between…