From Yahoo Finance: 2025-04-05 19:30:00

The U.S. stock market sees a surge in copper prices, with a 26% increase in U.S. copper futures by March 2025, reaching $5.02 per pound. Tariff hikes by the U.S. administration contribute to this growth, with an average tariff rate of 23%, the highest in over a century.

New tariffs prompt a rush to import copper into the U.S. before tax rates rise, leading to increased physical deliveries and a surge in domestic copper prices. Despite short-term market fluctuations, the long-term outlook for copper remains strong, with a projected 70% growth in global demand by 2050.

Rio Tinto Group (NYSE: RIO), a global mining and metals company headquartered in London, operates across six continents. Strong performances in copper and aluminum have contributed to an increase in net operating cash flow. With an upside potential of 30.07%, RIO is a top copper stock attracting 39 hedge fund holders.

Ranked 7th on the list of best copper stocks, Rio Tinto Group anticipates increased copper production and capital expenditure. Despite its potential, AI stocks may offer higher returns in a shorter time frame. Investors seeking promising AI stocks can explore opportunities beyond traditional copper investments.

Read more: Is Rio Tinto Group (RIO) the Best Copper Stock to Buy According to Wall Street Analysts?