Copper Prices Soar Amid U.S. Tariffs and Strong Demand
Copper prices have reached new highs due to forecasts of expanded U.S. tariffs and strong demand, particularly in AI build-out and electric vehicle production.
Investment firm Citi Research predicts an acute global copper supply constraint will offset still-tepid cyclical demand growth, but sees copper rising to $14,500 per metric ton by September 2026 and $15,000 by year-end, with a 30% probability of reaching $17,000.
Three dividend-paying copper stocks to consider are BHP Billiton Ltd. (BHP), Eldorado Gold Corp. (EGO), and Southern Copper Corp. (SCCO).
BHP has seen its share price surge due to increased demand for copper and the company's efforts to increase output by 40% by 2035, with copper now surpassing iron as its largest profit contributor.