'Fast Money' traders talk metals and miner stocks soaring

Core Viewpoint - The demand for copper is expected to rise significantly due to factors such as AI and electricity demand, with copper prices increasing by 12% in October and 27% year-to-date, surpassing $5 per pound [1][2][3]. Group 1: Copper Market Dynamics - The copper market is experiencing a surge in demand, driven by AI and data center requirements, which utilize three to ten times more copper than traditional data centers [4]. - Supply constraints are evident, with one mine contributing to 3% of global copper supply being offline, leading to a potential for higher prices as demand continues to rise [5][6]. - The market has recently recognized the magnitude of copper demand, suggesting a shift in investor sentiment towards copper-related investments [3]. Group 2: Company Insights - Freeport-McMoRan (FCX) is highlighted as a key player, with 70-75% of its revenue derived from copper, making it a strategic target for potential government investment [7]. - Other companies such as BHP and Rio Tinto are also mentioned, with BHP generating approximately 45% of its EBITDA from copper, indicating a strong revenue segmentation [8]. - Rio Tinto is noted as an interesting option for investors looking for a catch-up trade, as it is currently flying under the radar compared to FCX [9][10].