
While strong government support and rising production of EVs are boosting the mining industry, supply chain issues continue to have a negative impact. While I think quality mining stocks Glencore plc (GLNCY) and Impala Platinum Holdings Limited (IMPUY) might be solid buys, MP Materials Corp. (MP) might be best avoided, given its weak fundamentals.
Governments are providing subsidies and encouraging foreign direct investments (FDI) in the mining industry. Government policies to support the mining industry is expected to drive growth. The global mining market is expected to grow to $2.78 trillion in 2027 at a CAGR of 6.7%.