The volume, pricing power, and revenue of basic material providers have increased as demand for raw materials has expanded to support infrastructure expansion, industrialization, and technological improvement. BHP Group, Freeport-McMoRan, Dow, and DuPont de Nemours & Company are some of the largest raw material producers. Albemarle Corporation, the world’s largest specialty chemicals firm, launched a new lithium battery lab in North Carolina in July. The Senate has adopted a $1 trillion infrastructure measure in the United States to fix the country’s outdated roads and bridges.
Insider Monkey looks at the 10 best basic material stocks to buy now. BHP Group is one of the world’s major mining corporations. Iron ore, silver, copper, and nickel are the main products of the corporation. Despite BHP’s energy sector merger with Woodside Petroleum Ltd, hedge funds remain positive on the Australian mining corporation. ArcelorMittal, a Luxembourg-based steel manufacturer, is ranked ninth among the top ten best basic material stocks to purchase right now. Steel is produced and supplied for a wide range of uses, including car manufacture, building, and energy infrastructure. CEMEX, S.A.B. de C.V., a Mexican cement company, is ranked ninth among the top ten material stocks to purchase right now. In the second quarter of 2021, the corporation increased its revenue by 25% year over year to $3.9 billion. Albemarle Corporation is a lithium manufacturer situated in North Carolina that rates seventh among the top ten material stocks to purchase right now. Since 1887, the company has been involved in chemical manufacture and lithium battery production. Celanese Corporation is one of the world’s largest producers of acetyl products. The Texas-based chemical and specialized materials company supplies polymers for medical, industrial, automotive, and consumer electronics applications. The company revealed in June that it had paid $1.15 billion for Exxon Mobil’s Santoprene division. For more details, click 10 Best Basic Material Stocks To Buy Now.
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