5 Non-Ferrous Metal Mining Stocks to Watch in a Promising Industry

Demand for non-ferrous metals is expected to be strong, mainly driven by the ongoing vehicle electrification and the increasing adoption of renewable energy, which will continue to support the Zacks Mining – Non Ferrous industry. Also, the impending demand-supply imbalance is expected to help boost metal prices.

Against this backdrop, we suggest keeping a close eye on companies like Southern Copper Corporation SCCO, Freeport-McMoRan Inc. (FCX), Coeur Mining CDE, Energy Fuels UUUU and Amerigo Resources ARREF. These companies are poised to gain from their endeavors to build reserves and control costs, while investing in technology and improving production efficiency.

About the Industry

The Zacks Mining – Non Ferrous industry comprises companies that produce non-ferrous metals, including copper, gold, silver, cobalt, molybdenum, zinc, aluminum and uranium. These metals are utilized by various industries, including aerospace, automotive, packaging, construction, machinery, electronics, transportation, jewelry, chemical and nuclear energy. Mining is a long, complex […]

Click here to view original web page at finance.yahoo.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.