RE:RE:No KWG Merry Christmas Actually it may well have been a very Merry Christmas especially for Glencore & Anglo American and in the near term for KWG's Shareholders.
https://www.proactiveinvestors.co.uk/companies/news/170871/2016-was-an-extraordinary-year-for-miners-170871.html Dec 26, 2016
2016 will go down as an extraordinary year for the mining sector believes Jeremy Wrathall, one of ’s team of analysts for the sector.
The scale of the turnaround took everyone by surprise, he says, and while the election of Donald Trump as US president was a catalyst near the end of the year, equally as important was China’s actions.
Widespread economic stimulus measures plus other expected moves, such as to restrict Chinese coal output, had a huge impact.
Glencore PLC ( ) and PLC () were the stand out recovery stories adding 280% each at the time of writing, though Wrathall points out in Glencore’s case the shares are only now back to the June 2015 level.