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Mining Has Reasons for Optimism and They’re Not All Donald Trump

  • U.S. infrastructure splurge is icing on cake as China recovers
  • Industry reviving its fortunes with cuts in debt, asset sales
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Photographer: Munshi Ahmed/Bloomberg
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It isn’t Donald Trump alone who’s making the mining industry great again. Though, he’s surely lent a hand.

His victory in the U.S. presidential election after pledging an infrastructure splurge pushed copper prices up 11 percent last week, the best performance in more than five years. Mining shares reached the highest in almost two years.