Deutsche Bank Issues Industry Alert - Metals And Mining (AA, ANR, ACI, ABX, CLF, FCX, NUE)

Deutsche Bank published an industry alert on the Metals and Mining industry this morning following updates on several companies. In the report, Deutsche bank highlighted the iron ore export ban in Karnataka, stating that as reported, the ban will be lifted in the next couple weeks after India's Supreme Court ruled that "illegal mining cannot form the basis for halting all iron ore exports." Deutsche Bank also noted that Alcoa agreed to purchase Trans-Digm Group TDG at a reported transaction of about $240 million. Focus stocks, according to Deutsche Bank, are Alcoa AA, Alpha Natural Resources ANR, Arch Coal ACI, Barrick Gold ABX, Cliffs Natural Resources CLF, Freeport-McMoRan Copper & Gold FCX, and Nucor NUE.