Copper stocks have been on the rise in the stock market in recent years, as the global economy has begun to rebound from the recession. In brief, demand for copper is driven by many factors. Notably, industrial production and construction activity to name a few. Also, copper is used in a variety of applications such as electrical wiring and plumbing. As a result, copper stocks are closely watched by investors as a barometer of economic activity.
The price for copper has and continues to rise among supply chain bottlenecks, dwindling stockpiles, and the ongoing clean energy transition. In fact, investors have many copper stocks to choose from in this space.
In recent years, copper stocks have been bolstered by strong demand from China. In fact, China is the world’s largest consumer of the metal. However, rising copper prices have also led to increased production costs, which has weighed on margins for copper producers. With that, here are three trending copper stocks to watch in the stock market today.
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