Will ASX Copper Stocks And ETFs Have Their Day

The copper price was highly volatile in 2023 falling to a low of US$8,100 per metric ton from a high of US9,300 earlier in the year. Some forecasters have predicted the metal will hit all-time highs in 2025. We provide ways to gain copper exposure.

Forecasts of rate cuts in 2024 boosted sentiment and demand for the metal in late 2023. Several active fund managers have made bets that mine closures would assist the copper price recovery.

Anglo-American and Vale have reported forecast lower production at their South American mines. The plus case for a rebound in the copper price is premised that global copper inventories are moving toward the low point.

Copper is used in electrical equipment and industrial machinery. The positive case is bolstered by predictions over the next two years of mining supply disruptions and higher demand for the metal, fueled by the push for renewable energy.

The forecaster BMI has forecast that copper prices are set to soar more than 75% by 2025.

The investment bank Citi has taken an equally bullish stance that the higher renewable energy targets could boost copper demand by an extra 4.2 million tons by 2030.

This would potentially push copper prices to $15,000 a ton in 2025, Citi added.

Another firm SP Global opined that the bottom of the copper market may be nigh given bullish case factors. Renewed growth in the global economies tends to boost demand for copper.

One thing is for certain. The copper price will continue to be volatile.

For those who want exposure to copper, there are different ways to access copper investments. In no order and as general information only, these include:

ASX Large Copper Miners

Sandfire Resources (ASX: SFR)
Develop Global (ASX: DVP)
Aeris Resources (ASX: AIS)
AIC Mines (ASX: A1M)
Hot Chili (ASX: HCH)
Caravel Minerals (ASX: CVV)
Hillgrove Resources (ASX: HGO)

ASX Copper Explorers

American West Metals (ASX: AW1)
Navarre Minerals (ASX: NML)
Cyprium (ASX: CYM)
New World Resources (ASX: NWC)
Kingston Resources (ASX: KSN)
QMines (ASX: QML)
Eagle Mountain Mining (ASX: EM2)
Stellar Resources (ASX: SRZ)
Peel Mining (ASX: PEX)
Alicanto Mineral (ASX: AQI)
New World Resources (ASX: NWC)
Renascor Resources (ASX: RNU)

Listed copper stocks are volatile in the short term.

ASX Copper ETFs

How to find a copper ETF

Copper ETFs trade like stocks on the exchange. However, it’s important to go through the process of making sure that the ETF is suitable for your portfolio.

Copper is a commodity. Historically copper assets have been volatile. A copper ETF stock screener and comparison site like JustStocks.com.au can help.

ASX Copper ETFs

Global X Copper Miners ETF (ASX: WIRE)

The ETF is a relatively new addition to the ASX. It holds a basket of listed copper producers. The ETF’s premise is that: copper is an essential input in electric vehicles, renewable energy storage, and other forms of next-generation infrastructure that we expect to gain popularity.

The ranks are thin for copper ETFs in Australia. There are other copper ETFs listed in overseas markets.

US Traded Copper ETFs 

Global X Copper Miners ETF (NYSE: COPX)
United States Copper Index ETF (NYSE: CPER)

In conclusion, ASX-listed stocks and local and NYSE-listed ETFs provide avenues for investors looking to gain copper exposure in Australia and overseas markets.



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