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Furthermore, the interest by governments worldwide in achieving net-zero carbon emission has been driving the demand for mining products that are crucial in achieving sustainability goals. Also, rising inflation in the United States has been driving investment demand for precious metals. The global mining market is expected to grow at a 7% CAGR over the next five years to reach $2.43 billion by 2025.
Investors’ optimism in mining stocks is evident in the SPDR S&P Metals & Mining ETF’s (XME) 129.6% gains over the past year. This compares to the SPDR S&P 500 ETF Trust’s (SPY) 39.6% gains.
