BlackRock's Hambro Sees Commodities Bull Run in 2018

The video discusses the late market cycle and predicts strong performance in 2018 due to synchronous global growth and underinvestment in supply. It explains the bullish outlook for the market, driven by strong demand and limited supply growth. The video also highlights the reasons for robust commodity prices and the hesitations investors have due to past sector performance, concerns about China's growth, and capital allocation discipline. The mining sector's challenges, including investor trust and market skepticism, are also addressed.

What is the significance of the PE discount that mining stocks have against the broader sector?

In what ways can companies demonstrate discipline in capital allocation?