2 Mining Stocks That Are Quietly Becoming the Trades of the Year
Freeport-McMoRan and BHP Group have more than tripled the performance of the S&P 500 this year.
Overview
When it comes to mining stocks, all that glitters is not always gold. Sometimes it is copper.
Driven by accelerating electrification, power grid expansions, electric vehicles, and AI data center infrastructure, global copper supply has remained extremely tight. Realized copper prices have climbed significantly, directly boosting revenue and operating cash flows for Freeport-McMoRan (NYSE: FCX) and BHP Group (NYSE: BHP), two of the world's largest copper mining companies.
Details
The two stocks are both up more than 36% so far this year, tripling the S&P 500's average return of roughly 12%. Here are three reasons why both mining companies remain good investments despite their higher valuations compared to most of their competitors.
Source
Originally published at www.fool.com.