Copper, known as "the gold of the energy transition," is currently experiencing market fluctuations due to weak economic data from the United States and China. The metal is essential for sustainable energy technologies because of its excellent electrical conductivity.
Since reaching its peak in May, copper has undergone a significant correction. This has raised concerns among investors, but experts believe that it could be a good opportunity for those looking to take advantage of a potential super cycle driven by supply shortages. As the market reacts to economic indicators and the upcoming US elections, analysts are closely monitoring copper stocks.
Three companies have been identified as having high growth potential if prices rebound. Investors are advised to consider the long-term implications of the current correction in copper prices.