Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Berenberg names Rio Tinto as top mining pick for 2025
(Sharecast News) - Berenberg has named Rio Tinto as its top pick for 2025 among London's blue-chip diversified mining stocks ahead of what's set to be a volatile start to the year for the sector. Ahead of Donald Trump's inauguration on 20 January, Berenberg predicts increased volatility in commodity markets with proposed trade tariffs on US imports from China "likely to keep a lid on commodity price upside, particularly for traditional global GDP bellwether commodities such as copper".
However, the broker added: "We take the view that the Chinese government can deploy more aggressive stimulus measures to support industrial output and its broader economy if the perceived tariff impact could have additional impacts on its economy."
As for specific commodity prices, analysts have taken a "cautious view" on copper prices due to a stronger US dollar and global trade risks, but remains more construction for aluminium and zinc. Iron ore prices are expected to remain broadly stable, while gold prices will remain supported by central bank demand, geopolitical volatility and inflation risk, they said.
Platinum was highlighted as a key winner for the year, with prices set to rally on "increasing supply tightness, while autocatalyst demand receives support from growing hybrid vehicle sales", which should also benefit uranium too, the broker added.
Rio Tinto, rated 'buy', has a more stable investment thesis and more attractive returns profile than BHP ('hold'), Berenberg said, while the current share price of Anglo American ('sell') is pricing in a renewed takeover big from BHP which the broker thinks "will not materialise".
Among smaller caps, the broker's other stock picks for they year include Ecora Resources, Sovereign Metals, Rainbow Rare Earths, Endeavour Mining and Wheaton Precious Metals.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.