Miners Are Off to a Strong Start. Freeport-McMoRan Could Be the Big Winner.

1 year ago 215

Investors person been waiting months for mining stocks to regain their mojo. That clip whitethorn beryllium astatine hand.

On the surface, the SPDR S&P Metals & Mining ETF (ticker: XME) had a large 2021. It returned 35% past year, outperforming the SPDR S&P 500 ETF (SPY) by six percent points. But astir each of the gains came during the archetypal 4 months oregon truthful of 2021. From its highest astatine $47.49 connected June 1 done the extremity of 2021, the terms of the SPDR S&P Metals & Mining ETF fell 5.7%.


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