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Momentum gathering behind miners, says Jefferies

A heady mix of positive Chinese macroeconomic data, progress on the COVID-19 vaccine and a weakening US dollar have confirmed US investment bank Jefferies’ bullish view on major miners including Anglo American, Rio Tinto and BHP.

Momentum gathering behind miners, says Jefferies Momentum gathering behind miners, says Jefferies Momentum gathering behind miners, says Jefferies Momentum gathering behind miners, says Jefferies Momentum gathering behind miners, says Jefferies

Copper, a crucial element in the so-called green recovery, is tipped to be the best performing base metal in 2021

In a note title "It's time to believe", Jefferies pointed to an increase in China's industrial production, which was up 6.9% year-on-year on October, as well as a 7.