Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892

6th April 2017

Bulk commodity miners are overvalued. Shares of iron ore and met coal miners have rallied to levels not seen since 2014, when Chinese steel demand peaked. In effect, the market appears to be extrapolating the 2016 Chinese demand growth trajectory far into the future.

The full analysis of why Morningstar believe that a sell-off is coming can be found here.