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Highlights
- The metal prices in the international market are constantly rising due to global economic recovery and high demand for metals and commodities after the Covid-19 crisis.
- The metal and mining sector has sizeable weightage amongst all sectors on LSE.
The global economic recovery and high demand for metals and commodities after the Covid-19 crisis led to the consistent rise in metal prices in the international market, which helped the metal and mining stocks prices. Furthermore, higher metal prices helped the mining companies sell their inventory at a higher average realised, which directly impacts the company’s revenue and profits.
The UK stock market has participation from different sectors and industry groups. The metal and mining sector is one such sector that has sizeable weightage amongst all sectors on FTSE indices.
For investors looking to invest in growth-oriented metal stocks, they can explore Kodal Minerals Plc, Premier African Minerals, Alien Metals, which have good investment prospects.
© 2021 Kalkine Media
Kodal Minerals Plc (LON: KOD)
FTSE AIM-listed company mines for industrial metals like lithium and gold. Its principal mining assets are located in Southern Mali and West Africa.
The company is in the process to get a mining licence for its Bougouni Lithium project, which was delayed due to the Covid-19 pandemic. The lithium project is crucial for the company as it could contribute revenue of USD 1.4 billion as per the initial estimates. The minimum life of the mine is expected to be around 8.5 years with 1.94Mt of concentrate. Also, due to the evolution of the electric vehicle, the demand for lithium-ion is expected to increase year-on-year.
Kodal Minerals Plc currently trades at GBX 0.34, down by 0.15% on 26 October 2021 at 8:30 am GMT+1 with a market cap of £53.45 million.
Premier African Minerals Ltd (LON: PREM)
The company has diversified mining assets in Africa. It explores and produces rare earth, tungsten, gold, and lithium through its various mining investment.
The company reported operating profits of USD 3.943 million for the first six months of 2021. It is currently carrying out drilling work at its Zulu Lithium and Tantalum Project in Zimbabwe. The company has discovered lithium-ion concentration at its project sites. However, the final result of the drilling is still awaited as the feasibility study of the project site is underway.
Premier African Minerals Ltd currently trades at GBX 0.19, down by 2.11% on 26 October 2021 at 8:30 am GMT+1 with a market cap of £35.94 million.
Alien Metals Ltd (LON: UFO)
The company invests in mining projects across different commodities. It has a portfolio of diverse mining assets that are located in different regions.
The company currently has a 100% stake in silver mining project in Australia, a 51% stake in Iron ore projects in Australia, and has eight mining concessions in Mexico. It has total assets of USD 8.5 million as of 30 June 2021.
Alien Metals Ltd currently trades at GBX 1.08, up by 2.38% on 26 October 2021 at 8:30 am GMT+1 with a market cap of £36.02 million.
