Mining stocks are cyclical, and their performance is tied to the prices of the commodities they mine. In the last two years, inflation and geopolitical tensions have raised commodity prices significantly, allowing mining stocks to realize outsized profits.
Earlier this week, prices for base metals spiked in London after regulators in the U.S. and U.K. banned the fresh trading of Russian-origin metals, including copper, aluminum, and nickel. Here is one quality mining stock that is set to benefit from sanctions levied on Russian metals.
