If you are looking for stocks that strongly correlate with macroeconomic trends, companies that produce commodities like base metal stocks are worth a look. Base metals are common metals that tarnish, oxidize, or corrode relatively quickly when exposed to air or moisture. They are widely used in commercial and industrial applications, such as construction and manufacturing. Base metals include lead, copper, nickel, and zinc. They are often more abundant in nature and sometimes easier to mine. That makes base metals far less expensive for use in manufacturing than precious metals, such as gold, silver, and platinum.
As with precious metals companies, base metals stocks come in two main types: companies with producing mines that provide regular revenue and profits, or exploration mining companies that are focused on finding new base metals deposits that may potentially become mines in the future.