Copper stocks represent the ownership of copper mines or companies involved in Copper production. Due to its abundance, copper is one of the most widely traded metals in the world.
As a result, copper stocks are often seen as a way to hedge against inflation because the price of copper tends to increase when inflation levels are rising. Considering the Federal Reserve recently announced another 75 basis point interest rate hike, this could have investors keeping close tabs on copper stocks in the stock market today.
Additionally, copper stocks are also considered to be a good choice for growth-oriented investors since the demand for copper is expected to rise in the future due to continued global economic growth and urbanization. Here are two companies for your September 2022 watch list.
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