UBS strategists Gerry Fowler and Sutanya Chedda say European mining stocks are undervalued and stand to gain from an expansion in AI infrastructure. They flag companies supplying base metals needed for AI-related equipment as buy candidates after analyzing market trends, earnings, valuations and sentiment, citing copper- and iron-focused Anglo American as a prime example. UBS has upgraded its mining sector rating to overweight.

2026-09-22

UBS strategists Gerry Fowler and Sutanya Chedda say European mining stocks are undervalued and stand to gain from an expansion in AI infrastructure. They flag companies supplying base metals needed for AI-related equipment as buy candidates after analyzing market trends, earnings, valuations and sentiment, citing copper- and iron-focused Anglo American as a prime example. UBS has upgraded its mining sector rating to overweight.