Skip to content

Top copper stocks to watch in Singapore in 2025

Access leading copper mining companies and ETFs through IG Singapore’s platform. With growing demand from electric vehicles and renewable energy infrastructure, copper stocks offer exposure to the global electrification trend.

Source: Adobe

Written by

Claire Williamson

Claire Williamson

Financial writer

Reviewed by

Gidon Orelowitz

Gidon Orelowitz

Financial UX Writer

Article publication date:

Important to know

This article is intended for educational and informational purposes only and does not constitute any form of investment advice. Please ensure that you understand the risks and consider your specific investment objectives, financial situation or particular needs before making a commitment to trade.

Key takeaways

  • EVs use 2.5x more copper than regular cars, driving strong demand growth.
  • New mines take 16+ years to build while demand grows now.
  • Copper prices can swing dramatically in short periods.

Pros and cons of trading copper stocks

As a key industrial commodity, copper often reflects the health of the global economy. But like all markets, copper trading has its own pros and cons.

Pros

  • Growing demand - Electric vehicles use 2.5 times more copper than regular cars1
  • Supply shortage - New mines take 16+ years to build, but demand is growing now2
  • Economic recovery play - Copper rises with global infrastructure spending
  • Clean energy trend - Wind turbines need 3 tonnes of copper per megawatt3
  • Diversification - Commodities often move differently from tech stocks

Cons

  • High volatility - Copper prices swung from $5.22 to $4.26 per pound in just weeks during March-April 2025
  • Economic sensitivity - Recession fears can hit copper stocks hard
  • Mining risks - Strikes, equipment failures or political issues can shut mines
  • Currency exposure - Most copper stocks trade in foreign currencies
  • Cyclical nature - Commodity stocks can have long down periods

Top 6 copper stocks and ETFs to watch in Singapore

Freeport-McMoRan (FCX)

Market cap (as of June 2025)
~$56 billion4

What they do
Freeport-McMoRan
is one of the world's largest pure-play copper producers with major mines in the US, Indonesia and South America.

Why watch it

  • Most revenue comes from copper sales
  • Owns Indonesia's massive Grasberg mine
  • One of the world's largest copper producers
  • Strong cash flow returns to shareholders

BHP Group (BHP)

Market cap (as of June 2025)
~$123  billion5

What they do
BHP Group
is the world's largest mining company with major copper operations including Escondida, the world's biggest copper mine.

Why watch it

  • Major investments planned in Chilean copper expansion
  • Diversified across multiple metals (reduces risk)
  • Strong dividend payments with consistent payout policy
  • Co-owner of Arizona's Resolution Copper project

Rio Tinto (RIO)

Market cap (as of June 2025)
~$106  billion6

What they do
Rio Tinto
is the second-largest mining company globally with the Kennecott mine in Utah and 66% ownership of Mongolia's Oyu Tolgoi copper mine.

Why watch it

  • Oyu Tolgoi will be world's fourth-largest copper mine by 20307
  • Returns 40-60% of earnings as dividends
  • Spent $3.3 billion expanding copper assets in 2022
  • Strong balance sheet for growth investments

Southern Copper Corporation (SCCO)

Market cap (as of June 2025)
~$74 billion8

What they do
Southern Copper Corporation
is a Mexico-based company that operates extensive copper mining assets in Peru and Mexico.

Why watch it

  • Among the lowest-cost copper producers globally
  • Largest copper reserves in the industry
  • Integrated operations (mines, smelts and refines copper)
  • Targeting 1.9 million tonnes production by 2028

Glencore (GLEN)

Market cap (as of June 2025)
~$42 billion9

What they do
Glencore
is the world's largest commodity trader with significant copper mining operations.

Why watch it

  • Unique trading and mining business model
  • Global commodity market exposure
  • Natural hedging through trading operations
  • Strong cash generation capabilities

Global X Copper Miners ETF (COPX)

Market cap (as of June 2025)
~$2.9  billion9

What they do
Global X Copper Miners ETF
is an exchange-traded fund providing broad exposure to 40+ copper mining companies worldwide.

Why watch it

  • Instant diversification across copper sector
  • Professional fund management
  • 0.65% annual expense ratio
  • Highly liquid and tracks copper prices closely

How to start trading copper

Before you trade this popular market, it’s important to learn how to trade copper and decide which trading strategy you will use.

We’ve put together a copper trading guide for you to use.

Footnotes:

1 S&P Global, 'Copper is key to electric vehicles, wind and solar power. We're short supply', CNBC, July 2022.
2 International Energy Agency, 'The Role of Critical Minerals in Clean Energy Transitions', 2021.
3 International Energy Agency, 'Wind turbines require nine tons of copper', American Experiment, February 2023.
4 Trading Economics, 'Freeport-McMoran Market Capitalization', May 2025.
5 Stock Analysis, 'BHP Group Market Cap & Net Worth', June 2025.
6 Stock Analysis, 'Rio Tinto Market Cap & Net Worth', May 2025.
7 Rio Tinto, 2025.
8 CompaniesMarketCap, 'Southern Copper Market Capitalization', May 2025.
9 Stock Analysis, 'Glencore Market Cap & Net Worth', May 2025.

Important to know

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. Please see important Research Disclaimer.

Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.