Jufuyi: Influenced by the US-Iran conflict, metal and mining stocks may continue to "outperform the market"

In a report on Monday, Jefferies analysts wrote that with the outbreak of the Iran war, geopolitical risks, inflation pressures, and increased demand for physical assets, the performance of metal and mining stocks will continue to outperform the market. The investment bank added, "Although the events of last weekend were 'very unfortunate', they are fundamentally positive for the entire mining industry." Jefferies also warned that this conflict has brought some indirect risks, such as the rise in energy prices leading to an increase in the cost curve and becoming steeper, while the trend of inflation further reinforces the bullish trend in mining stocks.