'What are the main arguments for investors? asks UBS.

The analyst confirms his Buy recommendation on the stock, with an unchanged target of 2,400 pence, which represents a potential upside of 35% from the current price.

' When there's a pullback, there's opportunity - if you're a copper lover, then you should take a closer look at Anglo American... says UBS.

The mining company has stated its intention to cut production by around 4% in 2024, then by around 3% the following year, before an expected recovery of around 4% in 2026.

'The cuts are more aggressive than expected, but we still think the risk/reward ratio is attractive...'adds the analyst firm.

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