Macro (Finally) Makes the Case for Miners

BBG: Rallying Miners and the Structural Case for Basic Resources

“The metal demands of the energy transition and tight supplies have turned mining stocks into a must hold for investors.”

-Michael Msika, BBG Macro

I. Overview

Mining equities have now moved into a position of renewed importance within European portfolios. “Must have” is the phrase macro analysts are now using to describe them