";s:4:"text";s:4013:" He graduated from Liberty University with a degree in Biblical Studies and a Masters of Business Administration. That's due not only to the expected continued expansion of the global economy but also to the metal's importance in the This outlook suggests that copper-producing companies will be able to expand their output and profitability at a healthy pace in the coming years, so investors will want to consider adding a While several large mining companies produce copper, many of them do so as a by-product of their primary target; copper deposits are often found in association with other metals like gold or nickel. The company also has some promising exploration prospects in Ecuador and Australia that it could develop. The government of Mongolia owns a 34% interest in that project, which could be a concern given the issues Freeport-McMoRan has faced in Indonesia. The following four stand out as the best positioned to capture this opportunity:The Spence Growth Option is underway, while Resolution Copper and an expansion of Olympic Dam are in development.Copper sales projected to grow from 3.3 billion pounds in 2019 to 4.2 billion by 2021.Oyu Tolgoi underground mine under construction and Resolution Copper in development.Copper production heading toward 1,800 kilotons by 2026 from 884 kilotons in 2018.Data source: Mining company investor presentations.Here's a closer look at the copper growth prospects of each of these mining companies.BHP Group is one of the world's largest global resources companies. While this deal should enable the company to continue operating through 2041, given its past issues, future problems could arise at this location that could impact production and profitability.Despite some lingering concerns with Grasberg, Freeport-McMoRan has significant leverage to the upside of the copper market, which makes it a top choice for investors interested in the sector.Rio Tinto is a lot like BHP Group in that it's a global mining giant.
That is a substantial amoun… One of the biggest is that the company isn't focused solely on copper.
Aluminum was second at 17%, while Rio Tinto's combined copper and diamond business was third at 15%, followed by energy and minerals at 12%.Copper wasn't a major contributor to Rio Tinto's bottom line in 2018. It operates mines in Australia as well as North and South America.BHP's copper business consists of the following assets:In 2018, BHP produced 1,753 kilotons of copper (about 3.9 billion pounds) from its various mines, which made it a top-five global producer.
Notably, the three stocks on this list posted positive returns despite falling copper prices, even though most copper stocks reported huge declines.
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