Muzhu Mining Ltd. (CSE: MUZU)
Creating lasting wealth by developing gold and silver properties with near-term mining potential
In the last year, the copper industry has been a quietly strong and growing sector. Companies related to copper have seen a surge in demand for copper products, a trend that is expected to continue. Copper is a critical material for renewable energy technologies such as wind turbines, solar panels, and electric vehicle batteries. As the world transitions towards cleaner energy sources, the demand for copper is also increasing. Copper is widely used in construction, electronics, and other industries. Strong global economic conditions often lead to increased demand for copper in these sectors.
Furthermore, the production of copper mines remains limited. Due to environmental regulations and permitting issues, the development of new copper mines could be a lengthy process. Additionally, the rate of expansion of existing copper mines may not keep pace with the growth in demand. Today, it’s worth paying attention to three rising copper mining stocks that could potentially bring returns even with a modest investment of $200.
Lundin Mining (TSX: LUN) was one of the biggest winners last year, with a 51% increase in its stock price and continues to climb. The company saw a significant boost in copper production last year, with expectations of even higher production in 2024. Despite this growth, the stock is currently trading at only $15.50 at the time of writing, with a dividend yield as high as 2.29%. Overall, it stands out as a top performer among copper mining stocks.
Teck Resources (TECK) produces copper and other basic materials, with consistent performance and overall production growth. The stock price rose by 14% last year, and as of the time of writing, it is trading at $67 per share with a dividend yield of 0.74%.
Capstone Copper (TSX: CS) has multiple projects in North and South America, producing billions of pounds of copper each year, with growth that seems unlikely to slow down. This copper mining stock saw a 49% increase last year, with a stock price of $9.50 per share. While it does not offer dividends, it does provide the growth and security that investors are looking for.
