Breaking News: Wake up, investors and citizens alike! Evy Hambro, the heavy hitter at BlackRock Inc., is shaking us out of our complacency. He's saying it's high time we ditch our old-fashioned ideas about the metals and mining industry. If your focus is on green energy and sustainability, this sector is the untapped goldmine you've been ignoring.
We're not talking about your grandfather's mining operation. This is 21st-century stuff. The industry has shaped up, cutting carbon emissions and being way smarter about capital. They're the backbone of the future—electric grids, electric car batteries, and solar panels. Governments are practically tossing money at them for the sake of supply security.
Experts have been sounding the alarm for a bull market for years, and now it's finally coming into focus. While stock prices had an initial post-COVID surge, they've plateaued recently. But don't let that fool you; according to Hambro, the real value is in the long game. The copper industry alone is so undervalued that rebuilding it would cost more than its current market cap.
Both the experts and BlackRock have a message: companies, don't get reckless. Stick to the disciplined spending that has restored faith in the sector over the last decade. And there's an added bonus for being green—consumers are willing to pay more for products from companies that lower their carbon footprint.
Bottom line: It's counterproductive to quit burning fossil fuels for energy while still using them to create materials. If we're committing to a greener future, let's go all the way. This is where the next wave of opportunity lies. Don't miss the boat.
Original Article: https://financialpost.com/pmn/business-pmn/blackrock-says-buy-metals-companies-if-you-care-about-climate