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Investing in mining stocks can help you gain exposure to commodities such as gold, silver, copper, and lithium. The performance of mining stocks is tied to the prices of the commodities they mine. So, these companies should deliver outsized gains during periods of economic expansion and trail the markets when sentiment turns bearish.
In this article, I have shortlisted one gold and one lithium mining stock you can consider buying right now. Let’s dive deeper.
Lithium Americas stock
Lithium is an elemental metal used to manufacture batteries. It is a hot commodity that should experience strong demand from the worldwide shift towards electric vehicles. In fact, lithium prices surged roughly 1,000% between the end of 2020 and 2022.
However, headwinds such as inflation and rising interest rates have led to sluggish demand for electric vehicles (EVs) globally, leading to a drawdown in lithium prices in the…
