2201 GMT - Next year is likely to be a strong one for mining stocks, according to Jefferies analysts. They highlight supply constraints in key commodities including copper and aluminum. Demand is expected to be resilient, and the impact of Fed rate cuts should result in earnings upgrades, the analysts say in a note. "All things considered, we are bullish on the miners, and we expect share prices for most of our coverage to rise over the next year," they say. That said, "idiosyncratic factors should also be important for each of our top picks--Freeport, Glencore, Anglo and Alcoa." Freeport should benefit from a recovery in production at its Grasberg mine. For Anglo, there are a number of drivers, including plans to offload its diamonds, met coal and nickel businesses and merge with Teck Resources. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

December 08, 2025 17:01 ET (22:01 GMT)

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