Base metals and the companies mining, producing them are undervalued, according to Wolfteam Ltd.'s corporate opinion.
We currently live witness a super-regional a military conflict and at the same countries all over the world are rearming them with fast speed.
All the newly produced, designed and planned military equipment requires huge tonnage of ferrous, base metals and increases the demand for the metals mined by mining companies like Vale, Rio Tinto, BHP Group, Anto Fagasta, Glencore, Freeport MacMoRan, Anglo American etc.
It is correct that the slowing economy brings less demand for cars, houses and the automobile and home industry are a big natural consumer of base metals.
That said, Wolfteam believes that military demand will outweigh a possible mild recession, at least in the short-term, driven car manufacturing and home building slowdown.
www.wolfteamedge.com
Mergers and Acquisitions, Capital raise, Valuations, AI modelling
Bulgaria, Eastern Europe
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