From the highs they attained in the first half of 2022, commodities are now declining. It is anticipated that the prices of commodities including lithium, natural gas, crude oil, grains, gold, and iron ore would return to normal. Additionally weak is crop demand, and a decline in precious metal prices is predicted. Many financial gurus continue to be bullish on the commodity sector despite the decline in some well-known stocks. Goldman Sachs reaffirmed that the peak in commodities prices has not yet been reached. According to Jefferies industrials analyst Stephen Volkmann, commodities continue to be the “best store of value.”
Insider Monkey selected commodity stocks to buy on the dip. On June 29, Compass Minerals International, Inc. disclosed that starting in 2025, LG Energy would receive nearly 40% of the company’s annual production of lithium carbonate and hydroxide. The corporation primarily distributes vital minerals in the US, Canada, UK, and Brazil. An integrated steel and mining business with operations in Europe, North and South America, Asia, and Africa is ArcelorMittal S.A., which has its headquarters in Luxembourg. On June 9, the business finished its $1 billion share repurchase program. The company Piedmont Lithium Inc., which is situated in North Carolina, is involved in the exploration and development of lithium properties in the country. As of July 8, the stock had lost around 31% of its value so far this year. Toronto-based Kinross Gold Corporation is a business. It has gold mining operations in Brazil, Chile, Ghana, Mauritania, the Russian Federation, and the United States. As of July 8, the stock has lost nearly 41% of its value. The purchase of Malema Engineering, a manufacturer of flow measurement devices, was announced by Dover Corporation in May. The business is divided into the segments of Engineered Products, Climate & Sustainability Technologies, Imaging and Identification, Clean Energy & Fueling, Pumps and Process Solutions, and Imaging and Identification. For more details, click 10 Commodity Stocks To Buy On The Dip.
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