Despite the uncertain macroeconomic environment, the long-term outlook for the metal industry looks promising. The demand for metals is expected to be driven by the rapid transition toward clean energy across different sectors and economies, investments by the government to build and repair existing infrastructure, etc.
Given this backdrop, investors could consider buying fundamentally strong metal stocks ESAB Corporation (ESAB) and Gibraltar Industries, Inc. (ROCK). Additionally, one could closely watch Freeport-McMoRan Inc. (FCX) for an appropriate entry point.
