The prospects of the Zacks
Mining – Non Ferrous
industry look bleak at the moment given apprehensions regarding slowing demand and economic activity due to the rapid spread of the Omicron variant. On top of this, the industry players are grappling with inflated input costs, labor shortages and supply chain issues.
In this scenario we suggest keeping an eye out for companies like
Freeport-McMoRan Inc.
FCX
,
Southern Copper Corporation
SCCO
and
Energy Fuels Inc.
UUUU
. These are poised to gain on the back of their endeavors to build reserves, and control costs while investing in technology and improving production efficiency.
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