Iron ore, LME copper, Brent crude and Global PMI — mapped to the FTSE 100's most important cyclical stocks. London is home to the world's largest mining companies.
Iron ore, LME copper, Brent crude and Global PMI — mapped to the FTSE 100's most important cyclical stocks. London is home to the world's largest mining companies.
| Stock | Ticker | Signal | Value now | Best cycle | Status |
|---|---|---|---|---|---|
| Rio Tinto | RIO | Iron ore + Copper | $105/t + $12,043/t | +206% | HOLD |
| BHP Group | BHP | Iron ore + Copper | $105/t + $12,043/t | +220% | HOLD |
| Anglo American | AAL | Copper + Platinum | $12,043/t | +361% | SELL |
| Antofagasta | ANTO | LME Copper | $12,043/t | +280% | SELL |
| Glencore | GLEN | Coal + Copper | Multi-signal | +250% | HOLD |
| Shell | SHEL | Brent | $111/bbl | +180% | SELL |
| BP | BP | Brent | $111/bbl | +160% | SELL |
| Rolls-Royce | RR | Flying hours | 97% recovery | +462% | HOLD |
| BAE Systems | BA | NATO GDP | 2%+ target | +340% | BUY |
| Harbour Energy | HBR | Brent | $111/bbl | +180% | SELL |
| Whitehaven Coal | WHC | Hard coking coal | $215/t | +483% | HOLD |
Iron ore $105/t (NEUTRAL): Rio Tinto and BHP are mid-cycle. China property recovery is the key catalyst — a genuine rebound would push iron ore above $130/t.
LME Copper $12,043/t (DEEP SELL): Anglo American, Antofagasta and Glencore all exposed to copper at DEEP SELL levels. Reduce copper-heavy exposure.
Brent $111/bbl (SELL): Shell and BP are in late-cycle territory. The Hormuz crisis premium is temporary — when resolved Brent should normalise toward $70–80.
Defence (BUY): BAE Systems remains in a structural multi-year rearmament cycle. One of the few genuine buy signals on LSE at current prices.
Rolls-Royce (HOLD): Aviation recovery is 97% complete. The explosive recovery phase is over — hold existing positions.
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Join the Waitlist — Free →What are the best cyclical stocks on London LSE?
Rio Tinto (RIO), BHP (BHP), Anglo American (AAL) and Antofagasta (ANTO) for mining; Shell and BP for energy; Rolls-Royce for aerospace; BAE Systems for defence. Each tracks a specific macro signal.
How does iron ore price affect London miners?
Rio Tinto and BHP derive the majority of earnings from Pilbara iron ore. At $105/t, both generate strong margins (cost ~$22/t). Above $150/t signals late cycle; below $80/t signals a buying opportunity.
Why is BAE Systems a buy signal?
BAE Systems benefits from NATO rearmament — European members committed to spending 2%+ of GDP on defence. This is a structural multi-year cycle driving BAE's order book regardless of commodity prices.
What dividends do London miners pay?
Rio Tinto and BHP pay 40–60% and min 50% of earnings respectively. At iron ore peaks, Rio has paid 18% yields; BHP up to 14%. Extraordinary yields are signals to sell, not buy.