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Banks have cautious outlook for miners

Morgan Stanley, Macquarie bullish on Iluka despite share price drop

Tim Treadgold
Iluka's Gangama processing plant in Sierra Leone

Iluka's Gangama processing plant in Sierra Leone

Apart from playing down Iluka's sharp share-price decline what makes the views of Morgan Stanley and Macquarie Bank quite interesting is that the sands miner is one of the few stocks that both banks believe...

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