Materials
Every solar panel, EV battery, data centre, and building requires physical materials — copper, lithium, aluminium, chemicals. Materials companies often look boring but sit at the bottom of every supply chain. When the world builds more, they win.
The world's largest publicly traded copper producer. Copper is the metal of electrification — used in EVs, solar panels, wind turbines, and power grids. Demand is surging while new mine development takes 15+ years. Pure leverage to the clean energy transition.
The world's largest gold mining company. Gold is both a commodity and a financial asset — it rises when investors fear inflation or recession. Newmont produces 6M+ ounces per year and pays a meaningful dividend linked to gold prices.
The world's largest lithium producer. Every EV battery requires lithium — there is no substitute. Albemarle mines it in Chile and the US. Revenue and earnings move dramatically with the lithium price, making it a high-volatility EV transition play.
Scores 9/10 for Rare Earth Metals. Also relevant to Energy Transition Metals.
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