Some worthwhile analysis here on "the three major thematics...

Some worthwhile analysis here on "the three major thematics likely to dominate the North American mining sector in 2024":

- The ongoing uptake and manufacture of electric vehicles (EVs)
- The ongoing recovery of the ESG thematic post-COP28 and post-COVID
- Ongoing geopolitical incentive to prioritise domestic critical mineral supplies


Also a handy plug for MGU:

So with all of that said – which ASX companies are worth keeping an eye on this year? All of the below information is accurate as of 12 pm Monday, January 22, 2024.

Magnum Mining and Exploration (ASX:MGU)

Source: Magnum Mining and Exploration

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- Shares: 2.6 cents
- Market cap:$21.04 million
- 1-year returns: flat
- 4w share volume: 1.4 million


Magnum Mining, developing an iron ore project in Nevada, USA (and with a footprint that extends to Saudi Arabia) is a good first place to start.

First and foremost, the company is gearing up to list on an American stock market, to which end it has recently appointed a NY-based law firm.

S&P Global Market Intelligence expects investment into iron ore developments to increase this year – one of the very few commodities to see operators actually boost CapEx, per those analysts’ forecasts.

While demand is expected to remain more or less stable – notwithstanding a surprise raft of data from China suggesting a shock recovery – Magnum stands positioned as one of the more affordable stocks exposed to the US iron ore space.