Rare earth metal and gold mining stocks have been all the rage recently. However, some investors may not be aware that companies producing another key resource have also performed very well. That resource is copper, the industrial metal used in everything from renewable energy facilities to semiconductor manufacturing.
Over the past five years, copper giants like Freeport McMoRan (NYSE: FCX) and Southern Copper (NYSE: SCCO) have seen their share prices surge. As of the September 25 close, these stocks have provided total returns of approximately 144% and 246%, respectively. That significantly beats the S&P 500’s approximately 118% return in that time.
