BHP GROUP LTD. DL -_50

Commented by Nico Popp on March 9th, 2021 | 07:20 CET

Nornickel, Kodiak Copper, BHP Billiton: From general stores to specialists

• Copper

While precious metals have been consolidating for months, copper prices continue to climb. Most recently, copper started a new upward movement at the end of February and is now more expensive than it has been for decades. What is the reason for this? On the one hand, copper has always been a sought-after industrial metal. Whenever investments are made in infrastructure worldwide, copper climbs. At the same time, copper benefits from the high demand from the automotive industry. Every electric car contains around three times more copper than conventional combustion engines. We highlight three stocks that can benefit from the copper boom.