The company recently delivered positive 2020 earnings results including a 13% year-over-year EBTIDA increase to $23.9 billion. While Rio Tinto generates the majority of its revenue with its iron ore assets, the company also has three copper operations in the U.S., Mongolia, and Chile, as well as two copper growth projects in the U.S. There’s a lot to like about this industry leader, as it tends to perform well during periods of economic uncertainty and offers investors nice long-term upside. This company is a leading global mining and metals group that offers exposure to things like iron ore, aluminum, diamonds, and the aforementioned copper. These stocks are already showing relative strength in the market and could be in for more upside throughout 2021 should the rally in copper prices continue.
That’s why we’ve put together a list of 3 live wire copper stocks to buy now to provide insight into some of the best investment options if you are interested in adding exposure to the base metal. The rising price of copper might signify that good things are coming for the economy, but it should also result in a rally from stocks that are involved in the copper industry. The base metal has even earned the nickname “Doctor Copper” thanks to the fact that it is often considered to be a reliable leading indicator of economic health. It’s a versatile metal that has a ton of different industrial applications and is often used to predict turning points in the global economy. With the price of copper showing serious strength and recently soaring to new 8-year highs, taking a look at companies that offer exposure to this commodity might be a move that pays off for investors. 7 Stagflation Stocks to Help Navigate Periods of Low Growth.7 Commodities ETFs to Help Build a Hedge Against Inflation.7 Dividend Stocks That Earn 10% Every Month.7 Dividend Aristocrats to Help You Take the Bite Out of the Bear.
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