Promising Mining Stocks To Consider - October 11th

Key Points

• Five mining stocks to watch include IREN, MP Materials, Caterpillar, USA Rare Earth, and Cipher Mining, which recently had the highest trading volumes in the sector.
• IREN Limited operates bitcoin mining data centers and has seen a year-to-date increase of 186%, attributed to its pivot towards artificial intelligence.
• MP Materials produces rare earth materials, holding significant rights to the Mountain Pass mine and processing facility, crucial for the production of advanced technology.

IREN, MP Materials, Caterpillar, USA Rare Earth, and Cipher Mining are the five Mining stocks to watch today, according to MarketBeat's stock screener tool. Mining stocks are shares of companies that explore for, extract, and process mineral resources—such as gold, silver, copper or coal—and sell them on global markets. Their performance is closely tied to commodity price swings, production costs and geopolitical developments in mining regions. Investors buy mining stocks to gain exposure to raw-material markets, but should be prepared for higher volatility and cyclical swings. 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

USA Rare Earth (USAR)

USA Rare Earth, Inc. is domestic supplier of rare earth magnets and heavy rare earth elements. It is developing a vertically integrated, domestic supply chain for rare earth element magnet production, with a facility in Stillwater, Oklahoma, and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas.

Read Our Latest Research Report on USAR

Cipher Mining (CIFR)

Read Our Latest Research Report on CIFR