EVs everywhere is it, well most of the lithium found in Bolivia taken to China for processing and converted to cells and sold in US/India, but supply chain woes. Cutting short I liked this one stock that the US has which is a mining company that mines copper, Gold and Molybdenum.
Freeport-McMoRan, Inc. engages in the mining of copper, gold and molybdenum!
Bank of America has named Freeport as one of its top stock picks as battery materials play, a critical part in the EV story in coming years. Analyst Lawson Winder projects 19.3% sales growth for Freeport in 2022.
Freeport’s recently announced $3 billion repurchase programme and 30-cents-per-share special dividend scheme for 2022, according to Winder, are 275% greater than the $1.04 billion in capital returns he predicted earlier.
The stock has performed well over the past 3 months.
Thoughts and stocks?