Best Copper Stocks To Buy Today
TLDR
- Copper consumption projected to jump 70% by 2050 driven by electric vehicle production and renewable energy infrastructure expansion
- Freeport-McMoRan produced 1.2 million metric tons in 2024 with leaching technology projects targeting additional output by 2030
- BHP Group controls Escondida mine in Chile and has $10-14 billion in expansion projects planned to add 540,000 annual tons
- Southern Copper operates with 51% profit margins and lowest industry costs with 500,000+ ton capacity additions through 2032
- Teck Resources shifted to pure copper focus after coal divestment with Quebrada Blanca ramping to 316,000 tons annually
Global copper consumption is forecast to increase 70% by 2050. Electric vehicles, renewable energy systems, and artificial intelligence infrastructure are driving this demand growth. Prices have climbed near historical peaks as of December 15, 2025.
Five mining companies have positioned themselves through reserve holdings and expansion projects. These producers operate established mines while developing new capacity to meet future demand.
The group includes both pure copper miners and diversified operators. Production costs, reserve life, and expansion timelines vary across the companies.
Freeport-McMoRan Inc. (FCX)
Freeport-McMoRan ranks among the world’s largest dedicated copper producers. Major holdings include the Grasberg mine in Indonesia and several sites in North and South America.
Freeport-McMoRan Inc., FCX
The company sold approximately 1.2 million metric tons of copper in 2024. Gold and silver production from the same operations provides additional revenue streams.
Reserve estimates show about 25 years of production capacity as of December 2024. Leaching technology projects under development could increase annual output by hundreds of millions of pounds starting in 2030.
Freeport trades with a $68.03 billion market capitalization. The forward dividend yield is 1.27% based on $0.60 annual payments per share. Trailing earnings reached $1.43 per share with the stock at a 33.13 P/E ratio.
BHP Group Ltd. (BHP)
BHP operates the Escondida mine in Chile, the largest copper mine globally. The diversified miner increased production in 2024 and has more capacity planned.
BHP Group Limited, BHP
Copper output reached approximately 1.5 million metric tons in 2024. Capital expenditures of $10-14 billion target projects that could deliver 540,000 tons of additional annual production.
The Resolution Copper development in Arizona will add United States capacity. Geographic diversification across operations reduces concentration risk.
The company holds a $153.21 billion market cap. BHP pays a forward dividend yield of 3.69% at $2.20 per share annually. Earnings totaled $3.55 per share over twelve months with a 16.80 P/E ratio.
Southern Copper Corp. (SCCO)
Southern Copper achieves the copper industry’s lowest production costs. Operations concentrate in Peru and Mexico where the company maintains profit margins near 51%.
Southern Copper Corporation, SCCO
The company sustained strong production through 2024. Expansion plans will increase capacity by 156,000 tons through 2027 and more than 500,000 tons by 2032.
Low operating costs provide profitability during price declines. This financial stability supports regular dividend distributions.
Southern Copper’s market capitalization stands at $116.65 billion. The forward yield reaches 2.53% with $3.60 annual dividends per share. The company earned $4.63 per share in the trailing period at a 30.75 P/E ratio.
Rio Tinto PLC (RIO)
Rio Tinto is expanding copper operations with several major projects. The Oyu Tolgoi mine in Mongolia is projected to rank among global top producers by 2030.
Production continued from the Kennecott mine in Utah during 2024. The Winu project in Australia represents another development adding future capacity.
Shareholder distributions equal 40-60% of earnings through dividends and share buybacks. This approach splits capital between growth and returns.
Rio Tinto carries a $123.59 billion market cap. The forward dividend yield is 4.93% based on $3.73 per share annually. Trailing earnings were $6.28 per share with a 12.05 P/E ratio.
Teck Resources Ltd. (TECK)
Teck Resources completed its transition to a copper-focused company through coal asset sales. The Quebrada Blanca Phase 2 facility is scaling toward 316,000 annual tons with an 800,000 ton target by 2030.
The Highland Valley extension and other projects focus on Americas-based operations. This regional strategy aligns with North American supply chain development.
The restructuring toward copper positions Teck for energy transition growth. New project ramp-ups will increase total production through the decade.
Teck has a $21.14 billion market capitalization. The forward dividend yield stands at 0.82% for $0.36 annual payments per share. Earnings reached $1.78 per share in the trailing period at a 24.26 P/E ratio.
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