The global demand for critical minerals and metals is increasing significantly due to their use in a vast range of applications and clean energy transitions gathering pace. With sustained demand for minerals, supportive government initiatives and investments, and the adoption of digital technologies, the growth outlook for the mining industry seems bright.
Given the industry’s promising growth prospects, investors could consider buying fundamentally sound mining stocks Glencore plc (GLNCY) and Fortescue Metals Group Limited (FSUGY) for solid returns. On the other hand, it could be wise to hold South32 Limited (SOUHY) and wait for a better entry in this stock.
