Year’s Best Miner Cliffs Says Trump to Keep Good Times Rolling
- Expects company to generate ‘a lot’ of cash, pay down debt
- Infrastructure plan would build on gains from trade cases: CEO
Will the Mining Sector Return To Market Highs?
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The head of Cliffs Natural Resources Inc. was preparing for a “worst-case scenario” next year. Instead, he got Donald Trump.
Cliffs, the world’s best-performing raw materials producer this year, will probably generate “a lot” of cash, with which it will pay down debt, Chief Executive Officer Lourenco Goncalves said. He assigned President-elect Trump’s focus on infrastructure building and a crackdown on unfair trade as reasons his company and the steel industry are poised for more good times.