
Copper is one of the most widely used metals in the world. Moreover, its demand is increasing amid the growing green energy market. Goldman Sachs Group Inc. (GS) believes in a “clear structural bull story” for copper and expects its prices to hit $15,000 per MT in 2025.
The global copper market is expected to reach $394.21 billion metric tons by 2029, growing at a CAGR of 4.2% between 2022 and 2029. Given this backdrop, fundamentally strong copper stocks BHP Group Limited (BHP) and Vale S.A. (VALE) might be solid buys now.