Copper price rally and rate cuts drive analyst bets on Peru, Brazil

From mining.com

Rising metals prices driven by artificial intelligence demand and a global industrial recovery prompted an upgrade of Peruvian equities to “overweight” by Oxford Economics analysts on Thursday. The firm maintained its “overweight” rating for Brazil on expected interest rate cuts. Peru is best placed to capitalize on the copper cycle due to its high export exposure to the red metal, in high demand for data center buildouts, the analysts said. While Chile is also a copper-producing powerhouse, analysts cited downside risks from mining closures, strikes and logistical bottlenecks, maintaining a “neutral” ... (full story)