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Seven Mining Stocks to Buy as Inflation Hedges Amid Economic Recovery
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Seven mining stocks to buy as inflation hedges amid the ongoing economic recovery are benefiting from rising prices for cooper, iron ore and steel, as well as limited new capacity to meet growing demand.
The seven mining stocks to buy are taking flight after record-setting prices worldwide for copper, iron ore, steel and aluminum, according to BoA Global Research. In fact, those prices have jumped more than 20% above their average for the past decade, the investment firm wrote in a recent research note.
It is likely that wider inflationary pressures may not abate “imminently,” BoA wrote in a May 25 research report. Indeed, a range of companies have been highlighting plans to protect their margins by raising prices.