Just like every other stock, mining company shares can also be volatile along with the price of commodities being produced. When the economy is performing poorly and people aren’t buying things like they usually do, just like when people were stuck in their homes due to pandemic lockdowns, the shares of companies producing metals tend to see a drop. And when the economy starts to recover or improve, the opposite happens.
Base metals are becoming a popular commodity and can be lucrative for investors interested in natural resource commodities. They are natural resources that are more abundant in nature than other precious metals, and they have several purposes, industrially and commercially. While they come at lower prices in the commodities market, they are lucrative for investors. In this article from best online casinos for us players, we will be listing a few mining stocks you should consider this year.
Rio Tinto Group (RIO)
Rio Tinto Group is famously known to be the second-largest mining company in the world as an aluminium, copper and iron ore producer. The company produces metals like coppers that are important for an energy transition from fossil fuels to electricity created from renewable sources like wind farms and solar energy. But despite being a long-term demand, the stocks went down 16% in the past month to May 16, but the dividend has been yielding higher. So, in the long term, it is a good mining stock to invest in this year.
BHP Group Ltd. (BHP)
BHP Group is considered the largest miner in the world according to the stock market value. Just like Rio Tinto Group, they produce large quantities of copper and iron ore which is more susceptible to the economy than gold mining companies. The company’s stock value has been moving impressively ever since the New Year and considering the long-term demand, it is a stock worth investing in this year.
Glencore PLC (GLNCY)
Glencore PLC is a popular company that produces copper, lead, coal, gold, lead, and several other minerals. But it’s also market arm sources commodities from other large companies to sell to consumers across the globe. Glencore’s production of copper and zinc, in the first quarter, fell by 14% and 15% respectively. But that didn’t place a dent in its marketing department which did well in the quarter despite high volatility. So you can rely on this stock for the long term and continue playing games at www.toponlinecasinos.co.za.
Newmont Corp. (NEM)
Newmont Corp is largely known to be the biggest gold miner in the world by the ounces being produced. One of the many reasons this precious metal do well during inflation is the fact that gold is priced in USD. Gold will reduce in value for those using other currencies when the USD loses value, which boosts demand. With gold dropping in value due to the U.S. government debt, Newmont’s shares have also been declining. The good news is that the company is still up around 6% year through May.