This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

6 Minor Metal Stocks to Watch

Stocks in this article: CREE GMO TIE AXTI RTI TC

NEW YORK ( TheStreet) -- Minor metals are recovered as byproducts of base metals and find application in devices such as mobile phones, miniature motors, solar panels, solar cells and computer chips. Based on their primary end-uses, minor metals are categorized into four-groups: Electronic Metals (Gallium and Germanium), Power Metals (Molybdenum and Zirconium), Structural Metals (Chromium and Vanadium) and Performance Metals (Titanium and Rhenium).

According to the London-based Minor Metals Trade Association (MMTA), its members alone account for over $10 billion in annual trade of minor metals. The MMTA includes 120 companies spread across 30 different countries. Recent statistics from the USGS show that China has the lion's share of these metals, accounting for approximately 34% of global production.

Research studies show rising demand coupled with declining inventories would lead to an almost 20% rise in minor metal prices in 2011. The study indicates that massive investments are in the pipeline for the green energy infrastructure projects worldwide, thereby boosting prices of minor metals like indium, germanium, gallium and tellurium.

On Feb. 22, 2011, the LME recorded its first successful year of trading in minor metals with over $430 million traded in cobalt and molybdenum. Cobalt traded record volumes of 7,825 tons in the price range of $35,000 to $48,000 per ton, while moly traded 3,498 tons in volumes in the price range of $30,000 to $40,000 per ton. For the first half of 2011, cobalt and moly traded at 6.8% and 9.7% higher volumes. The LME stock movements for minor metals reflect an active physical market with good support from producers registering their brands.

Analysts polled by Bloomberg foresee potential upside of 18% to 65% for these six stocks with buy rating of 46% and hold rating of 40%.

We have listed the stocks in ascending order of potential upside.

1 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs