The global copper market is expected to face a significant supply deficit of 300,000-500,000 metric tonnes in 2025, driven by increasing demand from infrastructure development, agricultural modernization, and renewable energy initiatives. Copper prices are projected to trade between $9,000 to $10,500 per metric tonne.

Goldman Sachs expects a surge in U.S. copper imports due to anticipated tariffs, which could benefit Freeport-McMoRan as the largest U.S. copper producer that does not export domestically produced copper.

MTAL, TELNY and X made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 9, 2023.

Here is how Denison Mine (DNN) and Metals Acquisition Ltd (MTAL) have performed compared to their sector so far this year.

If you are looking for stocks that are well positioned to maintain their recent uptrend, Metals Acquisition Ltd (MTAL) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.