UBS Names Four Copper Miners as Supply Tightens Against Demand
Photo: TokenPost
Copper has become one of UBS’ highest-conviction commodity themes as electrification and data-center construction drive demand faster than new supply can come online, supporting a multiyear market upcycle. UBS identified Freeport-McMoRan, First Quantum, Hudbay and Teck Resources as preferred copper-linked exposures. The companies are viewed as positioned to benefit from structural demand growth and a constrained supply response. London copper futures closed near record highs at the end of the week. Global inventories have fallen to “unprecedented lows,” while U.S. and Chinese stockpiling has contributed to tighter supplies elsewhere.
Source: TokenPost
