Four Commodity Investments for Income Seekers to Purchase

The four commodity investments to buy include uranium, aluminum and steel stocks, along with a diversified metals and mining fund. All five of the commodity investments to buy are positioned to profit.

Democrats, Republicans and environmentalists seem to be supporting nuclear power more strongly than in the past, said Scott Melbye, executive vice president at Corpus Christi, Texas-based Uranium Energy Corporation (NYSE: UEC). Canada’s Cameco Corporation (NYSE: CCJ), the world’s largest publicly traded uranium company, nearly rose 7% on Monday, March 21. Bob Carlson, a pension fund chairman who also heads the Retirement Watch investment newsletter, said he prefers to invest in metals and mining through iShares MSCI Global Metals and Mining Producers (PICK). Pittsburgh-based Alcoa (NYSE: AA), America’s largest aluminum producer, indicated it will stop selling products to Russian companies and also halt buying raw material in response to the invasion of Ukraine. Connell said she likes Los Angeles-based Reliance Steel and Aluminum (NYSE: RS), a diversified metal solutions provider and the largest metals service center company in North America.

Source: Dividend Investor

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