Buy Copper Stocks Now, Prices Could Skyrocket: Analyst

American Pacific CEO Warwick Smith remains heavily bullish on copper stocks as Trump’s tariffs kick in from Tuesday. He explained that industrial metal will be in heavy demand as businesses need to stockpile it for manufacturing purposes. The demand will not meet supply due to tariffs making copper the most sought-after commodity in the markets.

The move could catapult leading US copper stocks making them hit new highs in the coming months. In the commodity market, copper prices are already surging and are hovering around the $9,390 level. It is up more than 50 points on Tuesday and is looking to breach the $10,000 mark next.

said Smith to Kitco News.he said indicating that stocks could spike in value.

The supply of copper in the homeland could make stocks soar as the metal is already attracting bullish sentiments.he said.

Which Copper Stocks To Buy?

The top five copper stocks to watch out for are BHP Group, Freeport-McMoRan, Teck Resources, Southern Copper, and Rio Tinto. These deal with the commodity directly and are positioned to surge in value. Taking an entry position now and holding on for the long term could prove beneficial. Similar to gold prices, copper stocks could deliver the desired results in the coming years.