3 Top Metal Stocks to Consider Investing in for 2024
Looking to add some metal stocks to your portfolio for 2024? Here are three top picks that could potentially deliver strong returns in the coming year.
1. Barrick Gold Corporation (NYSE: GOLD) – Barrick Gold is one of the largest gold mining companies in the world, with a strong track record of delivering solid returns to investors. As the price of gold tends to rise during times of economic uncertainty, investing in Barrick Gold could be a smart move for 2024.
2. Freeport-McMoRan Inc. (NYSE: FCX) – Freeport-McMoRan is a leading copper producer, with operations in the United States, Indonesia, and South America. With the increasing demand for copper in various industries, including electronics and renewable energy, Freeport-McMoRan could be a solid choice for investors looking to capitalize on the growing demand for this metal.
3. Nucor Corporation (NYSE: NUE) – Nucor is one of the largest steel producers in the United States, with a strong focus on innovation and sustainability. As the construction and automotive industries continue to grow, the demand for steel is expected to remain strong in 2024, making Nucor a promising investment option.
Keep these top metal stocks in mind as you consider your investment strategy for 2024. With their solid track records and potential for growth, they could be valuable additions to your portfolio in the coming year.