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The Chemours Company (NYSE:CC) is one of These 10 Stocks Are Making Big Moves.
The Chemours Company (NYSE:CC) saw its share prices increase by 9.74 percent on Tuesday to end at $13.63 apiece following the US Environmental Protection Agency’s (EPA) decision to withdraw a plan to ban chrysotile asbestos.
Chrysotile asbestos, also known as white asbestos, is commonly used in buildings and industrial applications.
It is currently banned in over 50 countries for its connection to lung cancer and mesothelioma. However, it is imported for use in the US for roofing materials, textiles, and cement, and is also used in gaskets, clutches, brake pads, and other automotive parts, as well as in chlorine manufacturing.
The EPA adopted a ban in 2024 on the use, manufacture, and import of chrysotile asbestos.
The Chemours Company (NYSE:CC), for its part, uses the mineral in operations involving titanium dioxide.
While we acknowledge the potential of CC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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