"...metal stocks keep rising as aircraft orders and construction of power plants, hotels and hospitals continue to fuel demand for scrap, processed and fabricated metal products." "Most economists expect this trend to continue. Plans to expand manufacturing capacity and power generation depend on 10- to 15-year forecasts, rather than blips in durable goods orders and short-term economic trends. Many industries are in catch-up mode."
It seems this industrial construction trend is still going on across the globe, hence, underpinning the bullish tone of global economy for 2007.
Some related stocks in the supply to production chain include:
ACH, chinese company in bauxite mining, alumina refining and aluminum smelting.
BA, commercial jetliners, military aircraft, satellites, missile defense, space flight, launch system and services. (my bus gets by the company headquarter. The employees are soooo well dressed. There is often a beggar in front of the building who makes good income :))
BW, makes an alloy of copper and beryllium used to manufacture drills to reach deep sea deposits of oil and gas.
CAT, construction, mining and forestry machinery, engines
CENX, aluminum processing
MM, metals recyclers (when pure steel is too expensive, steel fabricators use more recycled scrap metals).
HSC, provides industrial services and products to steel, construction, railways, and energy industries.
PCP, manufacture of metal components and products; and the provision of investment castings, forgings, and fasteners/fastener systems for aerospace and industrial gas turbine. (as I write, I am dismayed to find out the stock has just made new life time high today. So I watched this one run from 65 when I entered the market in October last year to 115 today, nonstop. Once held it from 90 to 98. Ahh!)
RS, metal processing, (stainless steel, tubing, titanium, etc...)
ROLL, fabricate metals, roll steel bars into ball bearings
FDG, provide coke coal to steel producer
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