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]

The central question facing investors heading into 2026 is whether market performance will finally extend beyond the handful of megacap technology companies that have dominated returns for the past three years. "The contribution to total return of the Mag Seven has overwhelmed the other 493 companies in the market,†said Paul Baiocchi, head of fund sales and strategy at SS&C Alps Advisors, during November 11's episode of ETF Prime. The key question is whether areas like small-caps, developed ex-U.S. equities ...