Two Canadian stocks are among a BofA analyst’s top picks in global mining

News Snapshot:

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow Two Canadian stocks are recommended after BofA Securities’ Global Metals and Mining conference, “We think that “Decarbonization means increased metal intensity”. Quite often, replacing hydrocarbons means electrification = copper. Renewables, EVs and other “new uses” of copper (data centres, AI) combined with supply side issues are driving tight markets. A copper stock with growth is a rare thing. 3 Buy-rated focus stocks: Antofagasta is a large cap with c. 30% volume growth. Freeport is a ‘go-to’ blue-chip copper exposure. TECK’s sale of its coal assets...