The prospects of the Zacks
Mining – Non Ferrous
industry looks bleak at the moment given apprehensions regarding slowing demand and economic activity due to the rapid spread of the Delta variant of coronavirus. This might lead to production cutback as seen last year when the coronavirus struck. On top of this, the industry players are grappling with inflated input costs, labor shortages and supply chain issues.
Miners like
Freeport-McMoRan Inc.
FCX
,
Southern Copper Corporation
SCCO
,
Aluminum Corporation of China Limited
ACH
and
Centrus Energy Corp.
LEU
, in the meantime, are focusing on controlling costs, investing in technology and improving production efficiency.
Time to Invest in Legal Marijuana
If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.
You’re invited to check out
Zacks’ Marijuana Moneymakers
:
An Investor’s Guide
. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
Today, Download Marijuana Moneymakers FREE >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report