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Here's the Next Stock I'm Going to Buy

David Moadel, The Motley Fool
Updated ·4-min read
Here's the Next Stock I'm Going to Buy

Copper might not be pretty like gold and silver, but it's needed for electrical wiring and other infrastructure applications, as well as green energy uses in electric vehicles and solar panels. The International Copper Association (which admittedly has a vested interest here) estimates that global copper demand will double from 2020 levels to 50 million metric tons by 2050. Citing copper's demand-supply imbalance, Jonathan Barratt, CEO of risk management firm CelsiusPro, says that his outlook for 2023 and 2024 is, "When you get a dip in copper prices, it's something to have in your portfolio."

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