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Glencore’s Bracemac-McLeod zinc mine in Quebec.
Glencore’s Bracemac-McLeod zinc mine in Quebec.
(Valerian Mazataud/Bloomberg)

INSIDE THE MARKET

Analysts insist the rally in mining stocks is a blip that won't last

What is happening in the mining sector is not quite man bites dog, but it’s close.

As metal prices and mining shares climb steadily higher, many of the industry analysts who can normally be counted upon to take a sunny view of the sector are raining pessimism on the upward moves.

The result is an odd combination of rising commodity prices, surging share values – and dour, skeptical observers.