The copper bull market has only just begun.
“This current price strength is not an irrational aberration, rather we view it as the first leg of a structural bull market in copper,” said Nicholas Snowdon, analyst at Goldman Sachs, as reported by the Financial Times.
In addition, according to S&P Global Market Intelligence, “A deficit in the copper market is set to deepen over the next several years as supply of the widely used metal struggles to keep up with strong demand from the power and construction sectors, compounded by the proliferation of electric vehicles.”
That being the case, some of the top copper stocks to consider include Freeport-McMoRan (FCX), Southern Copper (SCCO), Rio Tinto (RIO), and Vale (VALE). Or, there are copper ETFs including the explosive Global X Copper Miners ETF (COPX).