Mining plays a pivotal role in a nation's economic development. As the global shift towards renewable energy accelerates, a surge in demand for critical minerals required for clean energy technologies, combined with government funding, could significantly boost the mining industry’s growth.
Given this backdrop, mining stocks Fortescue Metals Group Limited (FSUGY) and Amerigo Resources Ltd. (ARREF) could be wise portfolio additions now, while it may be advisable to steer clear of fundamentally-weak stock Lithium Americas Corp. (LAC).
