Group 1: Copper Price Surge - Copper prices have reached record highs, surpassing $14,000 per ton in China and $5.7 per ton in Comex futures [1] - The bull run began after tariffs on imported copper were announced by Donald Trump, although most metals were later excluded from these tariffs [2] - Supply and demand dynamics are driving the price increase, with a projected supply deficit as demand rises, particularly from electric vehicles and data centers [3] Group 2: Metal Supercycle - The ongoing surge in copper prices is part of a broader metal supercycle, with other metals like silver, gold, platinum, and palladium also experiencing significant price increases [4] Group 3: Recommended Copper Stocks - Freeport-McMoRan is highlighted as a top copper stock, with a market capitalization exceeding $75 billion and operations in the U.S., Peru, and Indonesia [6] - Freeport-McMoRan's revenue has increased from $14.6 billion in 2015 to over $26 billion in the trailing twelve months, with profits exceeding $2 billion [7] - Southern Copper is another recommended stock, producing over 1 million metric tons of copper, with revenue rising from $17.48 billion in 2015 to $26.9 billion in the trailing twelve months [8] - Southern Copper's stock price has seen a decline of approximately 13% due to equity raising plans and earnings shortfalls, but a rebound is anticipated [9] - BHP Group, the largest mining company globally, produces over 1.86 million metric tons of copper and has seen its stock price increase by 23% over the past year [10] - Other notable copper stocks include Anglo American, Antofagasta, Hudbay Minerals, and Rio Tinto [11]
Best copper stocks to buy as prices continue the bull run