40% margins, 15x PE: The ‘captive’ advantage shielding these 2 metal stocks
- Posted on June 26, 2026
- By Financial Express
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- 1 min read
40% margins, 15x PE: The ‘captive’ advantage shielding these 2 metal stocks
In commodities, the real money is made long before the metal is sold. The mill that buys ore and power at market rates is a price-taker. The company that digs its own ore and burns its own power keeps the spread. Two mid-cap names sit on the right side of that line, and the smart money has started to circle. But is the easy part of the trade already over?
