Copper prices on the rise: 3 UK shares I'd buy to capitalise - The Motley Fool UK

www.fool.co.uk
3 min read
fairly easy
Copper is a vital metal for many booming industries. Here are two shares I'm looking to buy to cash in on the surge in demand.
Tight global supply and rising demand for copper in China has driven the price of the soft metal up over the last month. Yesterday, copper touched its highest price since 26 October on the London Metal Exchange (LME) at $9,880 per tonne. After a loss of momentum earlier this year, its price has rebounded well and is up 25% in 2021.

The main reason behind this has been new regulations by the Chinese government to counter the impact of the Evergrande fiasco. Banks were asked to issue more loans to property companies to bolster the falling sector. Analysts expect this uptrend to extend into 2022 with real estate projects restarting and the EV revolution taking over the automobile sector. Here are two UK copper shares that I'd consider buying to capitalise.

5 Stocks For Trying To Build Wealth After 50 Markets around the world are reeling from the coronavirus pandemic… and with so many great companies trading at what look to be 'discount-bin' prices, now could be the time for savvy investors to snap up some potential bargains. But whether you're a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be a daunting prospect during such unprecedented times. Fortunately, The Motley Fool UK analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global upheaval… We're sharing…
Read full article