Last year, in the wake of the war between Ukraine and Russia, the supply of materials got severely affected, causing the prices of even basic materials to rise considerably. However, while industrial production was unchanged in February, the manufacturing output rose 0.1%.
As more investments are made in building and improving infrastructure and with the return of industrial activities and manufacturing to pre-pandemic levels, the demand for materials is expected to rise. Amid this backdrop, it could be wise for investors to buy fundamentally strong material stocks Linde plc (LIN), L'Air Liquide S.A. (AIQUY), and Southern Copper Corporation (SCCO).
