The demand for metals associated with renewable energy, such as magnesium, is on the rise as electric vehicle sales increase and more people seek renewable energy storage solutions. Investors looking to capitalize on this trend are turning to manganese stocks for potential growth opportunities.
One of the top-performing manganese stocks to keep an eye on is BHP Group Ltd. (NYSE: BHP), a global mining company that produces a range of metals, including manganese. With the increasing demand for metals like manganese, companies like BHP are poised for potential price increases.
Another company to watch in this space is TMC the Metals Company Inc. (NASDAQ: TMC), which explores for manganese, cobalt, copper, and nickel on the ocean floor. With the demand for these metals in green energy technologies, TMC could see steady growth in the near future.
Vale (NYSE: VALE), a Brazilian mining company and one of the top producers of manganese, is also worth considering. In addition to its manganese production, Vale is making strides in green energy and sustainability initiatives, which could offer promise for investors.
Other notable manganese stocks include Ferroglobe PLC (NASDAQ: GSM), a company with diverse holdings in specialty metals, and Tronox Holdings PLC (NYSE: TROX), a producer of electrolytic manganese dioxide used in batteries. Ultralife Corp. (NASDAQ: ULBI) is another company to watch, producing lithium manganese dioxide batteries in addition to other energy products.
With the increasing demand for metals in renewable energy technologies, investing in manganese stocks could be a smart move. As the industry continues to grow, these companies may offer potential growth opportunities for investors.
