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Mining Industry On Upward Trend Declares Babson
Babson Park April 24 Roger W Babson in his weekly interview today discusses the general mining situation. He surveys copper lead gas oil and coal mine conditions and notes mining securities have not received warranted attention. He argues long cycles favor extractive industries and urges investors to consider raw materials for long term gains. Copper conditions show improved production control rising demand and higher prices. Oil markets show tighter balance with regional restrictions likely. Canada’s mineral potential praised as a driver for future growth with provincial resources and infrastructure improving employment and trade prospects.
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Roger W. Babeen
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