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Nevertheless, an increasing demand for precious metals as a haven amid growing uncertainties surrounding the global economic recovery and an increasing need for other metals for construction and infrastructure activities should benefit many metals and mining companies. In addition, the $1 trillion infrastructure bill passed by the Senate on August 10 is expected to boost the demand for metals and mining products.
So, Wall Street analysts expect metal and mining stocks Rio Tinto Group (RIO), Vale S.A. (VALE), and Teck Resources Limited (TECK) to rally by more than 30% in the near term.
