Macquarie crushes optimism

DESPITE the much better sentiment over the past month or so, Macquarie’s 3D view of the commodity world hasn’t changed. And with that view pertaining to destocking, divestment and desperation, that’s not what miners or their shareholders will want to hear.

Macquarie crushes optimism Macquarie crushes optimism Macquarie crushes optimism Macquarie crushes optimism Macquarie crushes optimism

For while the investment bank believes the much better outlook February was a result of the improved sentiment about China being amplified by currency and equity markets, the fundamentals remain

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