ESG & Investing
BlackRock Says Investors Focused on Climate Should Buy Miners
- Hambro says sector is undervalued as he predicts coming boom
- BlackRock also calls on miners to decarbonize their own output
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Investors are missing a big opportunity to profit from the energy transition because they have an outdated view of the metals and mining industry, according to one of the sector’s most influential investors.
“Our view from speaking to our clients and investors at large is that the opportunity within this space has been massively overlooked,” Evy Hambro, global head of thematic and sector investing at BlackRock Inc., said in an interview. “If you’re focused on sustainability, if you’re focused on the energy transition, don’t overlook this area. There’s a huge value opportunity.”