1101 GMT - Throughout 2025, investors are likely to reward diversified mining companies that demonstrate capital discipline, Citi analysts write in a research note. The outlook for the sector will hinge on the timing and magnitude of financial stimulus in China, and the severity of a potential global trade war, they note. In this context, investors are increasingly wary of companies with significant capital expenditure plans which don't deliver near-term production growth, the analysts write. This includes spending on copper assets. This year, copper assets have been a key merger & acquisition target due to soaring demand for the metal which is pivotal to the energy transition. Glencore and Anglo American are Citi's prefered diversified mining stocks going into 2025. Glencore shares trade up 0.6% at 3.86 pounds while Anglo American shares rise 0.2% to 25.55 pounds. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

December 12, 2024 06:01 ET (11:01 GMT)

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