Metals prices rallied after the U.S. and U.K. announced the latest trade sanctions and restrictions. Rising nonferrous metals prices are bullish for the world’s leading mining companies extracting the ores from the earth’s crust and processing them through smelting and refining.
Should you buy global mining stocks?
Go long global mining stocks, Societe Generale recommends, as those assets have underperformed a climb in prices for industrials metals. The brokerage in a note this week also suggested investors buy so-called greenflation stocks, or equities exposed to key metals needed to make the world sustainable as economies address climate change issues.
Are rising nonferrous metals prices bullish?
Rising nonferrous metals prices are bullish for the world’s leading mining companies extracting the ores from the earth’s crust and processing them through smelting and refining. The chart highlights the world’s leading mining companies that produce the base metals trading on the London Metals Exchange.
