Since the nation’s most recent recession, which ended in 2008, US interest rates are at their highest point ever. The outcome was a decline in the US benchmark indices, with the S&P 500, NASDAQ, and Dow Jones all falling more than 2%. In the midst of rate hikes that have jolted the commodities market, commodity stocks serve as safe havens. The increase in energy costs is the greatest since the crisis of 1973. According to Indermit Gill, vice president for equitable growth, finance, and institutions at the World Bank, the threat of stagflation has begun to loom due to the skyrocketing commodity prices.
Insider Monkey highlights the 11 best commodity stocks to invest in. The corporation is gradually establishing a dividend profile, which raises the value of the shares. On August 2, the business announced a quarterly dividend increase of more than 33%, to $0.08 per share. The company is listed as one of the top commodity stocks to buy. Copper and other minerals are mined, explored, smelted, and refined by Southern Copper Corporation. The business is headquartered in Arizona and was established in 1952. The global popularity of electric vehicles (EVs) is driving up demand for copper. Resource company BHP Group Ltd. conducts business internationally and in Australia, Europe, China, Japan, India, South Korea, and the rest of Asia. The company is one of the top commodity stocks to buy. Rio Tinto Group is a global company that explores, mines, and processes mineral resources. The company is one of the top commodity stocks to buy. The company disclosed on September 22 that it has signed an MoU with Chinese steel producer Shougang Group. Iron ore and iron ore pellets are made and sold by Vale S.A. for use as raw materials in the production of steel. On July 29, the company announced its results for the second quarter of 2022. Earnings per share came in at $1.32, exceeding market expectations by $0.52. For more details, click 11 Best Commodity Stocks To Invest In.