Mining stocks encompass all facets of industry. This includes everything from gold mining and silver mining to minerals & other assets used within a number of industries. For investors looking to buy mining stocks, they should keep several things in mind including company fundamentals.
Since mining is capital intensive, it’s important for these companies to have ample cash reserves in order to conduct business. Where some mining companies may focus on something like silver for jewelry, others may focus on silver for industrial purposes. Granted, precious metals like this are attractive to the eye but are also used for things like electronics and even power generation.
Believe it or not, the electric vehicle industry has had a large impact on mining stocks. The components that go into things like lithium-ion batteries are all mined. Regardless, this is just one example of the many off-shoots that mining stocks can entail. It’s important to understand the basics of the sector in order to make the best case to buy mining stocks, in general.
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