Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

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

Berenberg raises target price on Warpaint London
(Sharecast News) - Analysts at Berenberg slightly raised their target price on cosmetics firm Warpaint London from 680.0p to 700.0p on Monday, noting the group's margin management was not to be overlooked.
Unilever nearing £230m deal to buy refillable cosmetics maker Wild - report
(Sharecast News) - Consumer goods giant Unilever is reportedly closing in on a £230m deal to snap up Wild, a premium producer of refillable personal care products backed by the founders of Innocent Drinks.
Nokia appoints Intel's Justin Hotard as CEO as Lundmark steps down
(Sharecast News) - Nokia said on Monday that it has appointed Intel's Justin Hotard as its next president and chief executive, as Pekka Lundmark plans to step down.
Pan African Resources first-half profits drop
(Sharecast News) - Shares in Pan African Resources were under pressure on Monday after the gold miner reported a big drop in first-half profits.

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.