COM - PICK: Mining Companies Could Outperform The Metals
2024-05-23 13:54:48 ET
Summary
- Increasing demand for base metals is driven by green energy initiatives, supporting higher prices.
- Copper prices have rallied significantly in Q2 2024.
- Sanctions on Russia and rising nonferrous metals prices are bullish for mining companies, creating potential investment opportunities in the sector.
- iShares MSCI Global Metals & Mining Producers ETF owns shares in the leading base metals mining companies.
Base metals are not just infrastructure building blocks; they are also essential industrial construction components. In recent years, the global focus on addressing climate change has significantly increased the demand for metals crucial for green energy initiatives. The expanding demand side of the metals’ fundamental supply and demand equations reflects the sector’s increasing relevance and supports higher prices....
PICK: Mining Companies Could Outperform The Metals