Four to buy
Central Asia Metals
This miner “does what it says on the tin”, excavating copper in Kazakhstan. It also produces zinc and lead in North Macedonia. The shares have fallen by 25% in 2023 owing to weak commodity prices, but that shouldn’t last given demand for copper driven by the decarbonisation agenda. The group has low production costs because it extracts copper from mining waste, while a debt-free balance sheet gives it the firepower to go on
