Mining Stocks To Watch Now - October 9th

Key Points

• IREN Limited is a significant player in the bitcoin mining sector, operating data centers and has seen a 186% year-to-date increase linked to its AI initiatives.
• MP Materials Corp. is focused on producing rare earth materials and operates the Mountain Pass mine, crucial for North America's rare earth supply.
• Caterpillar Inc. manufactures a wide range of construction and mining equipment, positioning itself as a leader in the industrial sector worldwide.

IREN, MP Materials, and Caterpillar are the three Mining stocks to watch today, according to MarketBeat's stock screener tool. Mining stocks are shares of publicly traded companies engaged in the exploration, extraction, and processing of mineral resources such as gold, silver, copper, or lithium. Investors buy these equities to gain leveraged exposure to commodity price movements and potential resource discoveries, while accepting the operational, regulatory, and geopolitical risks inherent in the mining industry. These companies had the highest dollar trading volume of any Mining stocks within the last several days.

IREN (IREN)

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.

Read Our Latest Research Report on IREN

MP Materials (MP)

MP Materials Corp., together with its subsidiaries, produces rare earth materials. The company owns and operates the Mountain Pass Rare Earth mine and processing facility in North America. It holds the mineral rights to the Mountain Pass mine and surrounding areas, as well as intellectual property rights related to the processing and development of rare earth minerals.

Read Our Latest Research Report on MP

Caterpillar (CAT)

Caterpillar Inc. manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.

Read Our Latest Research Report on CAT