Newmont (NEM)/ IGO Ltd (IGO)/ Jupiter mines (JMS)Above are three companies listed on the Australian Securities exchange. Select one company that you expect to provide the highest return over the next ten years, starting from Monday 8 May 2024

Newmont (NEM), IGO Ltd (IGO), and Jupiter Mines (JMS): Analyzing the Company That Provide the Highest Return Over the Next Ten Years Name Institution Course and Code Professor Date Newmont (NEM), IGO Ltd (IGO), and Jupiter Mines (JMS): Analyzing the Company That Provide the Highest Return Over the Next Ten Years Introduction Renewable energy projects have become frontlines and arenas of action in response to global climate change and the reduction of the use of fossil fuels. In this aftermath, investors have engaged in the operation of companies whose industrial concerns rely on the development of renewable power system infrastructures as well as the mining of strategic metals like nickel, copper, and manganese, which are key elements of renewable energy (LISTCORP, 2024). In this essay, we will dive deep into two aspects: Australian Securities Exchange’s (ASX) discussion and a company that has a win-win choice with the move to renewable energy. Drawing upon insights from Part A of the assignment, which examined the importance of investing in green companies for achieving climate change goals, this paper aims to comprehensively assess three prominent companies listed on the ASX: NEM, IGO, and JMS. Analysis of Demand for Renewable Energy Infrastructure To assess the consequences of the foretold financial outcome in ASX, the importance of constructing renewable energy facilities, the connection of these minerals like nickel, copper, and manganese with this rare form of energy, and its transition phase must be identified. The competition between countries in terms of renewable energy supply is a new opportunity to invest in for companies that have the potential to do well in a competitive environment (Mills, 2020). The ever-growing investment in the renewable energy sector is validated by figures, such as the rise in battery manufacturing and clean energy projects. Such a high demand for renewable energy solutions encourages the move to sustainable energy systems and creates new opportunities for renewable energy infrastructure developers. Besides, these metals consumption volume in renewable energy technology is expected to continue as the emerging trend depicts. Nickel is acting as the battery hero in driving lithium-ion batteries for EVs and the energy storage for the grid. For example, the demand for nickel is expected to rise more than tenfold by 2025, reaching over 665,000 tons globally (Statista.com, 2023). Not only does copper play a role in electrical wiring and infrastructure used in renewable energy projects like wind and solar farms, but it is also fundamental in various other fields, including conductor of heat and making metal alloys (Mills, 2020). Manganese is an essential element that goes into steel manufacturing and is required in different projects for renewable energy structures, such as wind turbines and solar panel frames. Specifically, the demand for manganese is expected to rise by 2029, reaching to over 28 million tons (Mordor Intelligence, 2024). Mineral scarcity impedes their accessibility, prices, and risk their availability levels for those companies involved with their extraction and production. Brief Analysis of Newmont (NEM), IGO Ltd (IGO), and Jupiter Mines (JMS) Newmont (NEM), IGO Ltd (IGO), and Jupiter Mines (JMS) are three significant companies listed on ASX that have their strengths and capabilities in mining and processing copper, nickel, and manganese. In the context of renewable energy investment, they have different advantages, potential, and opportunities and can contribute differently to the facilitation of the renewable power. An overview of these companies allows us to gain knowledge of their respective business models, assets, and potential growth in the next ten years. NEM holds a top spot among miners worldwide for its gold operation activities, which is the unique strength of this company. Though there is no direct connection between gold and renewable energy infrastructure, Newmont's vast asset portfolio and strong financial standing in multiple other mineral sectors, including those critical for renewable energy technologies, allows it to diversify its business into these areas (Intelligent Investor, 2023) On the other hand, the company's limited involvement in nickel, copper, and manganese mining will adversely affect its ability to tap into the rising demand for these minerals in the renewable energy industry. IGO is a multi-commodity mining firm with shared interests in nickel, copper, and cobalt ventures. IGO's first mining project, the Nova nickel-copper-cobalt mine in Western Australia, is the operator's flagship investment and makes a mark in battery manufacturing (Vabulas & Snidal, 2021). Tapping into the rising demand for nickel and copper in electric vehicle batteries and renewable energy storage systems, IGO has a unique advantage in reaping the benefit of the transition to green energy technologies. Additionally, IGO's pursuits of strategic alliances and investments in mining copper and nickel emphasize its persistent devotion to the broadening of its resource base and the capturing of the evolving energy scene. JMS is one of Australia's most significant mining companies, and its business revolves around iron ore processing. Nonetheless, Jupiter Mines is minimally involved in renewable energy activities. Nevertheless, the company's mining scale and efficient operations still place it in a strong position in the resources sector (Miklosik & Evans, 2021). Additionally, the company's iron ore operations limits JMS capitalization on the growing demand for minerals that are vital in renewables, including copper, manganese, and nickel. This deficiency may hamper JMS' growth due to the overall high-capital transition towards clean energy solutions. As a result, the company may need to strategize on diversification or investments to align with the emerging market dynamics and ensure lasting susta...