Deloitte’s Tracking the Trends Report highlighted the key trends in the industry. Specifically, it underscores the power of inclusive leadership in driving innovation and problem-solving in the metals industry—critical in today’s fast-evolving economic, social, and environmental landscape. Companies that embrace technology, enhance safety, and stay adaptable position themselves for sustainable growth.
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Meanwhile, AI is revolutionizing mineral exploration, optimizing geoscience data to accelerate target identification, slash costs, and streamline project timelines—essential for mitigating metal shortages.
On the revenue side, PwC’s Mine Report revealed that despite increased production, the world’s top 40 miners saw revenues drop over 7% in due to falling commodity prices and rising costs. KPMG’s industry index shows modest gains despite geopolitical turbulence and macroeconomic pressures. Key challenges? Tech investment, ecosystem collaboration, talent acquisition, and funding.
On the billionaire front, metals and mining remain a lucrative—albeit volatile—business. The world’s richest investors play long games, with Warren Buffett notably favoring silver over gold due to its industrial and medical applications. As always, informed strategies separate winners from the rest.
In the next section, we’ll delve into the methodology used to identify the best metal stocks to buy, backed by billionaire insights and industry trends.
A machinist inspecting a freshly-cut steel beam, ready to be shipped to its intended destination.
We used Insider Monkey’s exclusive database of billionaire stock holdings to arrive at our list of best metal stocks to buy according to billionaires. We selected the 10 best stocks to buy based on the highest number of billionaire investors, updated as of Q4 . For the stocks with the same number of billionaire holdings, we have used the total dollar value of billionaire holdings as a secondary metric to rank the stocks. Billionaires are founders or managers of some of the world’s leading hedge funds and companies.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May , beating its benchmark by 218 percentage points (see more details here).
Number of Billionaires: 12
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A leading U.S. steel producer and metal recycler, operating in segments such as steel production, metals recycling, and steel fabrication, Steel Dynamics, Inc. (NASDAQ:STLD), serves diverse industries, including construction, automotive, and manufacturing.
The total revenue in stood at $17.54 billion, a decrease of 6.68% since last year. However, in the first quarter of , Steel Dynamics, Inc. (NASDAQ:STLD) anticipates stronger profitability in its steel operations compared to the previous quarter. This expectation is based on increased shipments offsetting some metal margin compression as contractual steel pricing catches up with recent spot price improvements. The energy, non-residential construction, automotive, and industrial sectors continue to drive demand. Notably, the Sinton Texas Flat Roll Division operated at over 90% production levels during this period, with ongoing enhancements in product quality and cost efficiency, paving the way for anticipated profitability in the second quarter of .
Steel Dynamics, Inc. (NASDAQ:STLD) increased its first-quarter cash dividend by 9% to $0.50 per share and authorized an additional $1.5 billion share repurchase program. As of March 12, , the company had repurchased $191 million of common stock in the first quarter.
Analysts have a bullish outlook on Steel Dynamics, Inc. (NASDAQ:STLD), with UBS upgrading the stock to a “Buy” rating. The average price target from 16 ratings stands at $147.36, indicating a 16.98% potential upside, as of March 28.
Overall, STLD ranks 5th on our list of the best metal stocks to buy according to billionaires. While we acknowledge the potential for STLD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than STLD but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
1. Stocks are indicated higher Monday after the S&P 500 fell 1% on Friday on concerns about tariffs and a weaker consumer sentiment survey. The S&P 500, Nasdaq and Dow are all coming off modest weekly losses. In the week ahead, the earnings calendar is easing a bit, but we will hear from Club name DuPont on Tuesday morning.
2. Shares of Nucor and other steelmakers are jumping in premarket trading after President Donald Trump told reporters Sunday that he plans to impose 25% tariffs on all imports of steel and aluminum. North Carolina-based Nucor has been on the Club's watchlist of stocks known as the Bullpen.
3. Evercore ISI added Club holding Nvidia to its "Tactical Outperform" list into the AI chipmaker's Feb. 26 earnings report. Analysts view the stock's sell-off on DeepSeek concerns as an opportunity and kept their price target of $190 a share.
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