Looks like JPMorgan’s crystal ball is glowing for miners!
They’re not just dipping their toes in – they’ve gone full cannonball with that double upgrade.
Here’s the juicy bit: They’re eyeing a V-shaped recovery in metal prices, which could be music to investors’ ears.
Copper’s the star of the show, with forecasts of hitting $11,500/ton by Q2 2026. That’s a 15% jump from current levels!
But it’s not just about the shiny stuff. China’s economic stimulus is like rocket fuel for the sector.
And get this – mining stocks have been lagging behind metal prices by about 20% since early 2024. That gap’s just begging to be closed!
For the stock pickers out there, JPMorgan’s got some favourites: Rio Tinto, Antofagasta, and Fresnillo are getting the thumbs up in Europe.
Keep your hard hat on and your eyes peeled – this sector’s about to get interesting!
