American Pacific CEO Warwick Smith remains heavily bullish on copper stocks as Trump’s tariffs kick in from Tuesday. He explained that industrial metal will be in heavy demand as businesses need to stockpile it for manufacturing purposes. The demand will not meet supply due to tariffs making copper the most sought-after commodity in the markets.

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The move could catapult leading US copper stocks making them hit new highs in the coming months. In the commodity market, copper prices are already surging and are hovering around the $9,390 level. It is up more than 50 points on Tuesday and is looking to breach the $10,000 mark next.

“Copper is not just another base metal, it is extremely important. Every American requires 12 pounds of copper to maintain their standard of living,” said Smith to Kitco News. “With projects like our Madison Copper-Gold project in Montana and Palmer Copper-Zinc project in Alaska, we are well-positioned to potentially supply the growing domestic demand for copper, a critical metal for the US economy and clean energy transition,” he said indicating that stocks could spike in value.

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The supply of copper in the homeland could make stocks soar as the metal is already attracting bullish sentiments. “Copper is on a steady trajectory higher,” he said. “The supply of copper down the road is not going to be adequate to meet demand. Copper prices are going to find their traction out of necessity more than anything else.”

Which Copper Stocks To Buy?

The top five copper stocks to watch out for are BHP Group, Freeport-McMoRan, Teck Resources, Southern Copper, and Rio Tinto. These deal with the commodity directly and are positioned to surge in value. Taking an entry position now and holding on for the long term could prove beneficial. Similar to gold prices, copper stocks could deliver the desired results in the coming years.

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