Published on 11 Oct 2022 on Insider Monkey via Yahoo Finance
11 Best Mining Stocks To Buy Now
In this article, we will discuss the 11 best mining stocks to buy now. If you want to explore similar stocks, you can also take a look at 5 Best Mining Stocks To Buy Now.
Mining Industry Analysis: Projections and Risks
The mining sector has been a traditional hedge against inflation. Commodity prices have been on a rollercoaster amid geopolitical unrest, rising inflation, and high interest rates. According to an industry analysis report by Research and Markets, the global mining industry was valued at $1.8 trillion in 2021 and is expected to reach a value of $2 trillion in 2022. Moving forward, the global mining industry is poised to grow at a CAGR of 12.9% through 2026 and reach a valuation of $3.35 trillion. While these numbers look promising, the mining industry is faced with a multitude of challenges. According to KPMG's 2022 Mining Outlook, some of the top priority risks that the mining industry is being faced with in 2022 include ESG regulations, political instability, supply chain issues, and a global trade conflict among others. Russia's invasion of Ukraine and its escalation is impacting the global commodities market and the London Metal Exchange is considering placing sanctions on Russian metals. Russia is a major producer and exporter of aluminum, copper, steel, and nickel.