Our Equities Trader, Joseph Raad, was interviewed by Stockhead to share some of his ASX-listed copper stock picks as global demand for the red metal continues to soar.

As the world shifts towards a greener economy, extraordinary growth and industrialisation is undeniable. 

The unprecedented global demand puts copper in a favourable position due to its many uses. For example, copper will be fundamental in the production of electric vehicles, wind power, and hydrogen, fuelling the green energy revolution.

This is great news for copper stocks. However, the global copper "supply crunch" is not expected to ease in the near future.  

Joseph's copper stock picks 

Joseph's favourite copper stocks at the moment are OZ Minerals (ASX:OZL), Hot Chili (ASX:HCH) and Locksley Resources (ASX:LKY).

“Copper is one of most utilised commodities in the world, it’s a highly efficient conduit and used in renewable energy systems everywhere”

Joseph Raad, Equities Trader 

Joseph says:

“There isn’t another metal that has the same use case as copper, there are very few elements that do exactly what copper can do.

Demand is expected to reach about 25.5Mt per annum by 2030, but if we look at the supply forecast it shows us a 12% decrease in supply from 2021 levels.

We are seeing companies focusing attention on development to capitalise on this because as we see demand increase but supply decrease, we will see the price of copper continue to rise.”

OZ Minerals (ASX:OZL)

Being one of the biggest producers in the market, OZ Minerals explores for and mines mainly copper. Copper is important for a low carbon future and economic wellbeing which, in turn, helps the Company achieve its purpose and contributes to a better future.  

Hot Chili Limited (ASX:HCH)

Hot Chili has three key copper projects, Cortadera, Productora, and El Fuego. These are all located in close proximity to one another.

Joseph says:

"They are planning to be production by 2026 and if that’s the case, they will capitalise on those macroeconomic themes and trends,” 

They have a very large resource base of almost one billion tonnes of copper across all their projects and are approaching the DFS stage."

Locksley Resources Ltd (ASX:LKY)

Locksley Resources is an Australian exploration company with a market cap of around $4 million. They are focused on identifying and assessing opportunities for the acquisition, exploration and development of copper and other mineral resources projects in Australia that have the potential to deliver significant growth for shareholders.

Read the full Stockhead article here.

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