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UBS Sees Copper As "Highest-Conviction" Theme, Names Four Miners To Ride Supply Squeeze

UBS Sees Copper As "Highest-Conviction" Theme, Names Four Miners To Ride Supply Squeeze Copper futures in London closed near record highs to end the week, as desks at JPMorgan and Deutsche Bank have recently warned that dwindling global supplies of the industrial metal could produce another leg higher. Théa Ziegler, a member of UBS' US equity advisory sales team, wrote in a note on Friday afternoon that "copper remains one of the highest-conviction commodity themes." Ziegler said demand from electrification and data-center construction is expected to outpace supply growth and support high prices,...
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Nov 10, 2026 / Tyler Durden
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