Copper price rally: which miners still have room to run?

AI Summary

Copper futures have surged by 49.1% over the past year, approaching their all-time highs amid a rally that has also benefited copper mining stocks significantly. The article assesses which copper miners might still have potential for growth due to current market dynamics.

Copper futures sit at $6.62/lb — up 49.1% over the past year and trading just 3.6% below their all-time high of $6.87. The copper miners have also seen notable gains: the Global X Copper Miners ETF (COPX) is up 96.7% YoY. But after such a substantial run, the real question is which stocks still have ...