Consider Adding This Blue-Chip Copper Stock to Your Portfolio as Industrial Demand Surges

Published by
Barchart (UK)

The commodity super-cycle remains in full swing across the globe. With the usual suspects like gold (GCM24) and silver (SIN24) scaling new highs, copper is also participating in the rally. May-dated copper futures (HGK24) set another new high last week, and ended Friday’s session more than 3% higher. Already up an impressive 29% on a YTD basis, copper’s uptrend is expected to continue due to secular tailwinds for the industrial metal. Specifically, brokerage firm Bank of America (BAC) believes that demand for copper will be driven by the green energy transition, manufacturing, data centers, ar…

Read More

See also  'Upending the world': Swiss teachers take on ChatGPT

Leave a Reply