2 Mining Stocks to Buy in February

Group 1: Freeport-McMoRan and Copper - Freeport-McMoRan is considered a strong value stock due to its favorable risk-reward profile, with less downside potential compared to upside [2] - The company's EBITDA sensitivity to copper prices indicates potential earnings of $11 billion at $4 per pound and $19 billion at $6 per pound, with a current estimate of $17.6 billion at $5.66 per pound, leading to an EV/EBITDA multiple of 5.5 times in 2027 [2] - Production in Indonesia is expected to ramp up in the coming years, enhancing Freeport's output following a previous accident [3] - The leaching initiative is projected to contribute 250 million to 300 million pounds to 2026 guidance, with expectations of reaching 800 million pounds by 2030, indicating significant upside potential for copper sales volumes [5] Group 2: Albemarle and Lithium - Albemarle experienced a decline in income due to falling lithium prices post-pandemic, resulting in reported losses for 2024 and 2025 [7] - The company has divested noncore businesses and cut costs, positioning itself to benefit from a recent increase in lithium prices [7] - With an average lithium carbonate equivalent (LCE) price of $20 per kg in January, Albemarle could achieve $2.4 billion to $2.6 billion in EBITDA by 2026, resulting in an EV/EBITDA ratio of 9.4 based on its current EV of $23.5 billion [8]