Why The Metals Company's Share Price Is Popping
After dropping more than 50% from its mid-October highs, The Metals Company (NASDAQ: TMC) hit a critical rebound at the end of November. While not quite at its 52-week high, the stock has gained 16% over the last month, with an astonishing 470% gain on the year.
Although a gain like that usually signals a major fundamental shift, in TMC's case, it mainly reflects optimism about future demand for metals as the U.S. tries to reduce its reliance on China.
That optimism isn't coming out of left field.
Source Fool.com
