Mining Stocks in Focus: (TSXV: VCT) (TSXV: APM) (TSXV: LILI) (CSE: NVRO)
Mining Stocks in Focus: (TSXV: VCT) (TSXV: APM) (TSXV: LILI) (CSE: NVRO)
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Mining Stocks in Focus: (TSXV: VCT) (TSXV: APM) (TSXV: LILI) (CSE: NVRO)
Bitcoin (CRYPTO: BTC) mining company GRIID Infrastructure (NASDAQ: GRDI) commenced trading in the U.S.
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The broker says it prefers outperform rated mining stocks Riot Platforms (RIOT) and CleanSpark (CLSK).
Rakesh Arora discusses the outlook for the commodity sector, highlighting the factors that are supportive of a commodity price rally, such as China's potential stimulus and weaker US dollar. However, he notes that demand is still missing and China's production and export of surplus metal are pushing prices down. Arora also explains the divergence between the mining and processing industries, with mining commodity prices going up while steel prices come down. He suggests that it may be safer to invest in mining commodities.