 Analysts at JPMorgan Cazenove have named Glencore PLC LSE:GLEN as their overall top pick for 2023 in a European Metals Mining sector review, and have downgraded Rio Tinto PLC LSE:RIO to Underweight. In a note to clients entitled Crossing the Rubicon, the US banks equity strategists pointed out that Metals Mining is Europes number one performing sector in Q4 2022 - up 20 versus the MSCI - and said they are Overweight on the sector in 2023 given that metals are a key beneficiary of Chinas re-opening, plus due to positioning for a weaker US dollar. 