Metals & Mining Industry Update (CLF, AA, FCX, AKS, PCU)

Analysts at Deutsche Bank (NYSE: DB) released an update on the Metals & Mining industry yesterday.

According to the report, Cliff Natural Resources Inc. (NYSE: CLF) announced that it received approval from shareholders to acquire chromite assets of Freewest Resources for CDN $1 per share.

In other updates from the sector, the data released by the US Census Bureau indicates a 1% month-over-month increase in steel imports for December. Among the companies in its coverage, analysts at Deutsche Bank have a Buy rating for Cliffs Natural Resources, Alcoa Inc. (NYSE: AA), Freeport-McMoran Copper & Gold Inc. (NYSE: FCX) and a Hold rating for AK Steel Holding Corporation (NYSE: AKS) and Southern Copper Corporation (NYSE: PCU).