Cleveland-Cliffs Inc. (CLF) shares are down 2.76% to $13.55 as of 10:30 am on Thursday, following a previous close of $13.94. The decline comes amid broader concerns in the mining sector related to the recent political developments in the United States. Analysts have noted that Donald Trump's return to the White House could present a "modest net negative" for the mining sector, including potential impacts on demand for key commodities like iron ore, which is crucial for Cleveland-Cliffs. The anticipated trade barriers and slower transition to renewables could weigh on the sector, although some potential positives, such as increased onshoring and lower tax rates, might offset these negatives.