Top Mining Stocks To Watch
Throughout 2021, mining stocks have had their fair share of ups and downs in the market. The world is in a very volatile state at the moment because of the pandemic aftershock. In 2020, many mining stocks rallied to new record highs in the market. The fall of the dollar meant the rise of materials, as investors preferred to hold physical assets. The result was materials like gold and silver reaching new heights. Subsequently gold and silver stocks performed extremely well too.
Gold and silver are not the only high performing mining stock sectors though. Amid the mining sectors, many others have come out on top in the last year and a half too. Lithium stocks are one of the higher performing sectors of the last year. Lithium ion batteries are used in most if not all current production electric vehicles. The batteries are used in a large variety of electronics as well.
For similar reasons as lithium, copper stocks are performing extremely well in the market again too. Hundreds of copper pounds are used when creating electric vehicles. Steel stocks performed well at one point amid increased demand. Some uranium stocks have been doing well in the market too. No matter which sector you invest in it is important to know which company is best for your watchlist. This can be determined by doing proper research. Company news, world news, and sector news all can impact the price of a mining stock. Looking at a company’s volume is a useful tool for investing in mining stocks as well. Let’s now look at three mining stocks showing higher momentum today.
Top Mining Stocks To Watch
Vale S.A. (NYSE: VALE)
Vale S.A. is a mining stock, producer, and seller of iron ore and iron ore pellets to be used as raw materials in steel creating. The company operates in 3 sections, being Ferrous Minerals, Base Metals, and Coal. Some of the materials it produces is gold, silver, copper, cobalt, manganese, and more. Vale also produces platinum group metals too which have brought the company additional success.
Vale was recently forced to shut down the Timbopeba plant at the Alegria mine complex after labor authorities in Minas Gerais state banned activites close to the Xingu dam because of collapse concerns. Now the company is allowed to resume operations at its Timbopeba iron ore dry processing plant in up to two months thanks to the use of an unmanned train. Now Timbopeba can operate at 80% of its capacity of 33,000 tons of iron ore “fines” per day. This advancement helped VALE stock increase in value in the last month. One month ago, VALE stock was at $20.40 per share on average. Now VALE stock is at $22.58 per share on average. Will it make your mining stock list this week?
Cleveland-Cliffs Inc. (NYSE: CLF)
Cleveland-Cliffs is an independent iron ore mining stock. It operates in the United States, Canada, and internationally as well. Its main segments of the company are mining, pelletizing, and metallic. It runs 3 iron ore mines, the Tilden mine, Northshore mine, and United Taconite mines. Its products are used to produce blast furnace steel, flat rolled carbon, stainless, and electrical steel products. These are used in the automotive, infrastructure, and manufacturing markets.
On June 23rd, Cleveland-Cliffs was awarded by General Motors the GM’s Supplier of the Year award during a virtual ceremony. This is the fourth year in a row the company has received this award from GM.
The Chairman, President, and CEO of Cleveland-Cliffs Lourenco Goncalves said, “Our leading position in automotive steel is undeniable, and we value GM’s recognition of our outstanding quality, reliability and delivery performance. This prestigious award recognizes the performance of the Cleveland-Cliffs’ team and our first-class R&D and equipment capabilities, supporting our well-known ability to deliver a more comprehensive offering of high-end steel products to the automotive industry than any other steel supplier in the United States.” Will CLF stock make your watchlist before July?
Gatos Silver Inc. (NYSE: GATO)
Gatos Silver Inc. is a mining stock that explores, develops, and produce precious metals. Its primary asset is silver ore, but it also looks for gold ore, zinc, and lead as well. Its main project is the Cerro Los Gatos mine in Chihuahua state, Mexico. Previously known as the Sunshine Silver Mining & Refining Corporation, this company has received some recent momentum. Let’s take a look at its recent performance now that we are close to July 2021.
Back in May the company reported its first quarter 2021 results. This was the latest update from Gatos Silver Inc. The company announced strong metal recoveries and a variety of other updates. The CEO Stephen Orr said, “Q1 established a strong foundation for 2021 operations. The CLG Project provided record revenue for the LGJV and the mine operated at its designed 2,500 tpd throughput for each operating day. A six-day suspension due to the Northern Mexico power outage in February reduced our first quarter operating days, but the suspension is not anticipated to impact annual results or guidance.” Will GATO make your mining stock watchlist this month?
Mining Stocks In July 2021
July could potentially be a defining month for mining stocks. There are great fears of inflation in the market right now. These fears could lead to the fall of the dollar and rise of material prices. This is all speculation at the moment, but is the thoughts of many analysts. When second quarter results start being released we will get a better idea of where mining companies are at. So which will make your list of mining stocks to watch this July?
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