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This surge in copper prices has fostered heightened investor interest in this space, as is evident in the United States Copper Index Fund’s (CPER) 13% gains over the past month, versus SPDR S&P 500 ETF Trust’s (SPY) 3.9% returns.
And the demand for copper is expected to increase in the coming months with the increasing demand for copper by major end markets, such as automotive and construction. President Biden’s $1 trillion bipartisan infrastructure plan is also expected to boost the demand for copper. Given this backdrop, we think it could be wise to scoop up the shares of BHP Group (NYSE:BHP), Rio Tinto Group (RIO), Glencore plc (GLNCY), and Southern Copper Corporation (SCCO), which are well-positioned to benefit from the red-hot copper market.
