Metals

Top Industrial Metals Stocks You Can Buy Today

The industrial metals sector encompasses numerous companies that produce raw materials used in manufacturing a variety of products. These companies provide the world with iron, steel, zinc, copper and other metals that are used in cars, electronics, appliances, machinery and practically every other device you can think of. The industrial metals sector is also known as the metals and mining sector. For example, gold miners would fall under this category because they mine gold to sell to manufacturers who then use it to make something else. While most people assume that gold miners are part of the precious metals sector (similar to how diamond miners would be part of the gemstones sector), they’re actually classified as industrial metal suppliers. With so many different components that go into making industrial metal stocks investable for investors interested in this space. Here are three top picks for anyone looking to get started today:

A Brief Introduction to Industrial Metals Stocks

Industrial metals are raw materials used in the production of products including automobiles, construction equipment, consumer electronics and much more. The industrial metals sector is a broad one that includes everything from zinc and iron to rare earth elements needed for high tech manufacturing.The industrial metals sector is also known as the metals and mining sector. For example, gold miners would fall under this category because they mine gold to sell to manufacturers who then use it to make something else.Industrial metals stocks are controversial investments because of their sensitivity to the overall health of the global economy. While demand for their products is typically cyclical, rising and falling depending on the strength of the economy, the costs to produce these metals are not. What this means is that if the economy is booming, industrial metals producers will see demand for their products skyrocket, pushing prices up in the process.

Steel Producer: ArcelorMittal

ArcelorMittal ranks as the world’s largest steel producer with facilities located in dozens of countries. The company is based in Luxembourg and also operates under the Mittal Steel name in a handful of countries. The company has operations across the globe, including in the Americas, Europe, Africa, Asia and Oceania. ArcelorMittal has been around since 2006, when it was created as a result of the merger between the world’s two largest steel producers. The company is traded on the New York Stock Exchange and currently has a market cap of roughly $38 billion.

Zinc Producer: Canada-based Teck Resources

Teck Resources is a Canadian-based mining company that produces a variety of minerals, including zinc, copper, gold and silver. The company is the world’s largest producer of zinc, a metal used in everything from construction materials to electric car batteries. The company operates six mines in Canada and seven in the United States. The stock is traded on the New York Stock Exchange and has a market cap of just over $18 billion.

Copper Producer: Chile-based Codelco

Codelco is the world’s largest copper producer and one of the top producers of the metal in the entire world. The company is based in Chile and currently has a market cap of around $27 billion. Copper is an industrial metal used in everything from construction materials to the wiring in the world’s computers and other technology. The supply of copper is controlled by a handful of companies, including Codelco, meaning that copper prices are somewhat cyclical.

Conclusion

Industrial metals are raw materials used in the production of products including automobiles, construction equipment, consumer electronics and much more. The industrial metals sector is a broad one that includes everything from zinc and iron to rare earth elements needed for high tech manufacturing.Investors can purchase shares in industrial metals companies through an investment in an exchange-traded fund or through an individual company. Industrial metals stocks are controversial investments because of their sensitivity to the overall health of the global economy.

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