6 Best Copper Stocks to Help Beat Inflation September

Also, Glencore’s major copper mines include interests in the Antamina open-pit mine, located in the Peruvian Andes, as well as Chile’s Collahuasi mine. In Australia, it operates the Ernest Henry, Mount npbfx review Isa, and CSA mines. In addition to it, the company also has a significant footprint in the Democratic Republic of Congo , where it mines copper alongside cobalt at the Katanga and Mutanda mines.

MarketBeat All Access members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks. At this juncture, with the stock trading below all key moving averages, there’s not enough momentum to put the probabilities of a near-term gain in your favor. As you see, there are plenty of obstacles looming, just at a time when demand for copper is increasing and is expected to almost double by 2035.

For almost seven years following the Great Recession, the copper price per pound declined steadily before shooting back higher more recently. Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. Invest alongside the Financial Prophet’sAll-Weather Portfolio (2020 return 87%), and achieve optimal results in any market. WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Zacks Mobile App

Copper has gained the interest of a lot of investors looking to diversify their portfolios. The semi-precious metal has wide industrial use as well as being the main component of most wiring systems. As a result, copper stocks are often seen as a way to hedge against inflation because the price of copper tends to increase when inflation levels are rising. Considering the Federal Reserve recently announced another 75 basis point interest rate hike, this could have investors keeping close tabs on copper stocks in the stock market today. Hillgrove Resources Ltd has moved by 12.5 percentage over the given period of 2022-YTD, helping it gain a place at number eight among the top performing stocks. The Basic Materials sector company managed to achieve the feat as its stock price changed from $0.03 apiece to the price of $0.04 per share between the end of December of the previous year and Nov 1, 2022.

We can see from the chart below that the company has returned 35.3% over the last 5 years. The performance YTD is negative and in line with the broad stock market. Considering the future of its operations there seems to be room for recovery, once the stock market gets back to bullish sentiment. Rio Tinto’s copper production comes from two large-scale mines.

• Copper-based technologies are used very widely in the EV charging infrastructure.
• In February, Teck Resources announced that they are working to successfully reduce emissions toward its Net Zero climate strategy.
• The combination of rising production and prices should enable copper miners to increase their cash flow, providing more money to pay dividends, repurchase shares, and boost total returns.
• With the future outlook of the company good, Glencore is undoubtedly one of the best copper stocks to invest in in 2022.

These are the copper stocks that had the best returns or smallest declines in total return over the past 12 months out of the companies we looked at. Here are the top three copper stocks with the best value, the fastest growth, and the best performance. These are fxtm broker stocks of companies that mine for copper, rather than futures that track the copper commodity. In the near term, the company expects its production to decline as legacy reserves deplete. Over the longer term, Southern Copper sees significant production growth.

Turquoise Hill (TRQ)

Global copper demand for charging infrastructure is estimated to reach 115,000 metric tons by 2025, according to Statista. Copper production in Chile and Peru accounts for over 40% of global output. The impact of the coronavirus epidemic had put a strain on supply from these countries. While classic cars contain 18 to 49 pounds of copper, plug-in hybrid electric vehicles use 132 pounds, and battery electric vehicles use 183 pounds, according to the International Copper Association (“ICA”). Copper-based technologies are used very widely in the EV charging infrastructure. CoPPer Prices are forecasted to remain hiGh due to suPPly restrictions, low stocks, and a solid long-term demand outlook fueled by the ongoing green energy revolution.

There are manytrading blogsdesigned for individual investors that are interested in choosing individualbuzzing stocks. Registered members also get ad-free, unrestricted access to other sections of the site.This page is updated every week/month. Bookmark this site to track the best performing stocks regularly. Copper Mountain has seen little disruption due to the pandemic. The stock value for Copper Mountain has estimates to rise 11.59% in early 2022. Based in Canada, Turquoise Hill also owns mines in Asia and Australia.

As you can see by the over-the-counter designation, this is a penny stock, but one that may be worth considering as part of a broader precious metals portfolio. Like many miners, Freeport McMoRan is currently caught in a push-pull scenario. On the one hand, public policy and private sector initiatives point to strong demand. On the other hand, the macroeconomic picture includes several headwinds.

Southern Copper’s stock price has had a bumpy ride since it peaked in February 2021. After that peak, the stock’s price tumbled to then touch a new top for 2022 of $78.18 in March. However, by July 2022 SCCO shares had fallen to a recent low of$44.70. Over the 5-year period the stock has still managed to hold on to some gains and is up 26.33%. Freeport-McMoRan is conducting exploration around existing mines with the goal of expanding reserves.

The Zacks Consensus Estimate for the company’s earnings for 2022 has moved up 21% over the past 60 days. With copper prices rising, the profitability of these companies will touch the sky. Therefore, if you want software ingenieur gehalt your portfolio’s net worth and your profitability to touch the sky as well, the above copper stocks are a must-buy for investment today. Glencore has an impressive financial record and amazing stock growth.

FCX Recent Stock News

Freeport-McMoRan is one of the world’s largest producers of copper and gold, and it also has significant operations in oil and gas. For a sense of scale, Freeport-McMoRan reported a total of 1.1 billion pounds of copper as of the end of its most recent second quarter of this year. Mineral exploration and development, mining and milling of copper, gold, molybdenum, and silver, and smelting and refining of copper concentrates are all activities of this Phoenix, Arizona-based corporation.

The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. © 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

Below you will find a complete list of the best copper stocks to buy in 2022. The video below explains the differences between investing in physical copper and copper stocks . Similar to gold and silver, many investors prefer to hold the physical form of copper as a “safe haven” investment during times of uncertainty and high inflation.

Parler Stock IPO: Can You Invest in this Far Right Social Media?

While Robinhood is the most used brokerage for trading copper stocks, all of the stocks in this guide can be traded on any popular brokerage such as Vanguard, WeBull, Fidelity, TD Ameritrade, and others. The best copper stocks to buy are RIO, NEM, SCCO, COPX, and many others found in this list. As mentioned above Rio Tinto also has a 55% stake in the Resolution Copper project and is also developing another project in Australia.

3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.

Moreover, excellent cash generation has enabled the company to not only pay off its debt but also give a good return to shareholders. With the future outlook of the company good, Glencore is undoubtedly one of the best copper stocks to invest in in 2022. Copper mining has experienced multiple roadblocks in the past two years because of the pandemic. But going forward, the demand for copper is expected to rise, especially in the electronics segment. Moreover, the rising demand from the Asia-Pacific market will eventually result in this geographical location dominating the global market.