How to profit from the next copper supercycle

Professional investor Jacob White, ETF product manager at Sprott Asset Management, highlights three copper mining stocks set to benefit from surging demand for energy transition

Copper tubes forming a growing bar graph, copy space. Commodity supercycle concept
(Image credit: Getty Images)

Copper mining has been a standout sector in 2024, bolstered by the copper spot price nearing all-time highs. We believe copper’s growing use as a critical material for surging global energy demand has triggered the next copper supercycle. The proliferation of data centres needed to support artificial intelligence (AI) applications, and the recent increase in their substantive power requirements (and, therefore, their copper requirements) have created a demand shock for the red metal. The growing energy needs of electricity grids, emerging economies and the copper-intensive energy transition have also given miners a major fillip. 

Yet the supply of copper has fallen below expanding demand, which may result in escalating copper deficits in years to come. Copper miners are therefore poised to play a pivotal role in providing a critical material necessary for electrifying the global economy. Here are three copper mining stocks within the Sprott Copper Miners ESG-Screened UCITS ETF exemplifying the industry’s efforts to bolster future supply.

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Jacob White
ETF Product Manager, Sprott Asset Management

Jacob White joined Sprott Asset Management in July 2020. He is responsible for managing Sprott’s ETF lineup, ETF product development, investment analysis and thought leadership. Prior to Sprott, Mr. White worked in asset management on a proprietary outcome-oriented fund-of-funds platform, OCIO (Outsourced Chief Investment Officer) clients and delegated accounts. He helped manage diversified investment strategies, primarily for Canadian institutional investors. Mr. White holds a Bachelor of Business Administration (Finance Major) from Wilfrid Laurier University, a Bachelor of Mathematics from the University of Waterloo, and is a CFA® charterholder.