Russia’s reckless (and, sadly, increasingly ruthless) invasion of Ukraine has put a spotlight squarely on the commodity markets. Many of them have already taken off to the moon. Crude oil, of course, was the first to hit orbit.
Gold is glittering once again, too. The yellow metal is approaching its all-time high of $2,089 per ounce set in August 2020.
But one lesser-loved metal has already climbed the mountaintop and could continue to appreciate more amid European conflict. And that bodes well for a small number of producers that have taken this metal and turned it into increasingly generous cash payments to their shareholders.
The post 3 Copper Plays for Wall Street’s Unsung Surging Metal originally appeared at Contrarian Outlook.