Despite several macroeconomic uncertainties, the metal industry's long-term outlook remains optimistic, driven by robust demand for metal and metal-related products. In this context, investors could consider buying fundamentally strong metal companies Ferroglobe PLC (GSM), Gibraltar Industries, Inc. (ROCK), and Anglo American plc (NGLOY).
Metal market sentiments are buoyed this month on the backs of China’s stimulus measures to support its economy and ailing property sector, as well as the Fed’s pause in interest rate hikes this month.
