Gold’s recent jump to new highs may have outshone another metal’s steady rise toward its own all-time high.. The possibility of the deal, which would create the industry’s single-largest player, lifted the share price of most copper miners on speculation the move will set off a round of industry consolidation.
Regardless, things are looking up for copper. Unlike gold whose demand waxes and wanes with inflation and interest rates, copper prices tend to rise with the economy and the resulting increase in construction projects, including electrical installations. The long-term shift to copper-hungry electric vehicles from gas-powered cars should keep prices elevated. The projected build-out of power-intensive AI data centres will also bolster copper demand.
Companies with 10 to 12 points have the most-secure dividends, or the highest sustainability. Those with seven to nine points have above-average sustainability; average sustainability, four to six points; and below average sustainability, one to three points.is the online home of The Successful Investor Inc. – the group of widely followed Canadian investment newsletters by editor and publisher Pat McKeough.
Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Study and track financial data on any traded entity: click to open the full quote page. Data updated as of‘We could see a setback in Canada’s inflation data’: BMO’s Sal Guatieri on what’s next for interest rates, the loonie and corporate profits
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