specific factors to drive Aussie metals prices in 2025 - Jefferies

Boss Energy

07/01/2025 02:08

** Jefferies' analysts expect company-specific fundamentals
and not commodity prices to affect prices of Australian miners
in 2025
    ** Among commodities, brokerage positive on aluminium,
metallurgical coal and copper
    ** Upgrades South32  S32.AX  to "hold" from "underperform"
and Boss Energy  BOE.AX  to "buy" from "hold"
    ** Says does not expect substantial acceleration in demand
growth for major metals and mined commodities in 2025
    ** Expects thermal coal and iron ore prices to lag - even in
a recovery scenario - as supply growth in these markets should
be adequate to meet demand
    ** Of Australian commodity stocks, Jefferies' top picks are
Rio Tinto  RIO.AX , Northern Star Resources  NST.AX , coal miner
Whitehaven  WHC.AX , uranium company Paladin Energy  PDN.AX  and
others

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))