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Diversified miners 'may outperform', says RenCap

Moscow-headquartered bank Renaissance Capital said the uncertainty surrounding Covid-19 “presents opportunities”, and that diversified miners with strong balance sheets and long-life assets “may outperform in this environment”.

Diversified miners 'may outperform', says RenCap Diversified miners 'may outperform', says RenCap Diversified miners 'may outperform', says RenCap Diversified miners 'may outperform', says RenCap Diversified miners 'may outperform', says RenCap

Diversified miners are best positioned for lower commodity prices, said RenCap

"It may be too early to call the bottom, but we believe the sector now offers attractive value," said RenCap. The bank said its top picks were Rusal, BHP and Alrosa.