Mining stocks may drop 20% if US tariffs imposed

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Mining stocks could face a valuation drop of up to 20% if US tariffs are imposed after next November’s presidential election, according to JPMorgan Chase & Co. analysts.

JPMorgan’s analysis shows potential downside of 10% to 20% in the fair value of major mining stocks in a scenario where base metal and iron ore prices decline by more than 10%.

 

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