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When you think about things mined, industrial metals and mining probably aren’t the first things that come to mind. But as it turns out, these are the commodities that get mined on a large scale worldwide. There is more than one type of commodity that falls under this umbrella. Iron ore, copper, gold, nickel, and aluminum are all examples of industrial metals. Mining companies produce these metals to be used in construction or other industries where they are needed. Investors who want to invest in companies that either mine industrial metals or use them to create manufactured goods might find value in looking at top industrial metals and mining stocks to buy today.
Mechel PAO (MTL)
Mechel, a large Russia-based mining and metals company, has a market cap of $2.5 billion. The company is involved in the mining and processing iron ore, coal, steel, and non-ferrous metals. It has operations in Russia, Kazakhstan, Brazil, and Ukraine. The company has a Z-score of 1.3 and equity risk of 4/5, both of which show that it is a risky investment. Its expected long-term return is 16%, and its projected short-term return is 25%. Mechel’s dividend yield is 6.8%. The company has reported a net profit of $1.9 billion on revenue of $20.7 billion in the last 12 months.
ArcelorMittal (MT)
Wholly owned by the Brazilian-based AmBev company, ArcelorMittal is a Luxembourg-based company with a market cap of $33 billion. The company is involved in the mining, producing, and marketing of steel and other metals. It has operations in over 35 countries around the world.ArcelorMittal has a Z-score of 1.1 and equity risk of 4/5, both of which show that it is a risky investment. Its expected long-term return is 13%, and its projected short-term return is 16%. ArcelorMittal’s dividend yield is 5.8%. The company has reported a net profit of $3.6 billion on revenue of $32.3 billion in the last 12 months.
Steel Dynamics (STLD)
Steel Dynamics is a steel company based in the United States with a market cap of $7.2 billion. The company is involved in producing steel, fabricated steel structures, and other steel products. It has operations in North America and Mexico. Steel Dynamics has a Z-score of 1.3 and equity risk of 4/5, both of which show that it is a risky investment. Its expected long-term return is 16%, and its projected short-term return is 25%. Steel Dynamics’s dividend yield is 5.6%. The company has reported a net profit of $1.8 billion on revenue of $7.9 billion in the last 12 months.
Companhia Siderurgica Nacional (SID)
A Brazilian mining and metals company, Companhia Siderurgica Nacional, has a market cap of $6.8 billion. The company is involved in the mining, processing, and marketing iron ore, pellets, and other iron and steel products. It has operations in Brazil, Colombia, Guinea, and Australia. Companhia Siderurgica Nacional has a Z-score of 2.6 and an equity risk of 2/5, showing that it is a somewhat risky investment. Its expected long-term return is 8%, and its projected short-term return is 10%. Companhia Siderurgica Nacional’s dividend yield is 3.2%.The company has reported a net profit of $1.5 billion on revenue of $15.5 billion in the last 12 months.
Conclusion
Investing in industrial metals and mining companies can be a great way to diversify your investment portfolio. Mining and metals are industries that are necessary for the production of almost everything. This makes them essential commodities that essentially kely to go out of demand anytime soon. In addition, the top industrial metals and mining stocks listed here have substantial revenues and healthy balance sheets and are growing their businesses. These might be excellent places to start if you want to invest in commodities.
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