Goldman Sachs analysts, in a recent research note, highlighted the potential for copper to become a crucial growth driver for mining companies. This outlook is driven by an expanding supply deficit coupled with escalating demand fueled by the energy transition.
The analysts foresee that mining companies’ strategies will increasingly focus on pursuing copper growth. They emphasize the importance of clear, low-risk copper growth strategies in diversified portfolios, both for investors and mining companies.
Preferred Picks for Copper Exposure
Rio Tinto and Glencore are identified as top choices for copper exposure, according to Goldman Sachs. Both companies are noted for their attractive copper growth prospects.
In the current market scenario, Glencore’s shares have seen a modest rise of 0.2%, trading at 446.20 pence. Meanwhile, Rio Tinto’s shares have increased by 0.8%, priced at 5,497.00 pence.