Zacks says prospects for the Mining - Non Ferrous industry remain challenged by volatile metal prices, rising costs, labor shortages and supply-chain issues, though demand is expected to be supported by the energy-transition trend. Copper futures slipped toward $6.50 per pound for a second straight session, gold fell below $4,000 per ounce, silver dropped below $51, and uranium stayed near six-month highs around $90 per pound. Miners face higher electricity, water, materials and freight costs, so they are focusing on cost reduction and digital innovation, while demand is driven by electric vehicles, renewable energy and the U.S. Infrastructure Investment and Jobs Act. The industry carries a Zacks Industry Rank of #188 out of 247, placing it in the bottom 24% and indicating dull near-term prospects. The article highlights Southern Copper (SCCO), Freeport-McMoRan (FCX), First Quantum Minerals (FQVLF), Lundin Mining (LUNMF) and Centrus Energy (LEU) as companies to watch.
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