“5 Red-Hot Copper Stocks to Watch Out For in 2023!

The copper industry is increasingly gaining popularity as traders look for safe-haven investments during the pandemic. Not only are copper stocks gaining more attention for their long-term growth potential, but they are also viewed as inflation hedges. If you are looking for an investment in the copper industry, the Toronto Stock Exchange (TSX) is an ideal destination. If you are looking for the top copper stocks on the TSX in 2023, we have you covered. 1) Equinox Gold (TSX: EQX): Equinox Gold is a Vancouver-based gold and copper producer with operating and development projects in North and South America. The company was founded in 2017, and since then, it has made several portfolio updates, including the acquisition of Premier Gold Mines and the takeover of Leagold Mining Corporation in 2020. Equinox Gold also produces silver, molybdenum, and gold. Moreover, it operates six projects and exploration properties, which gives investors access to diversified sources of copper production. 2) Lundin Mining (TSX: LUN): Lundin Mining is a Canadian diversified mining company that produces zinc, lead, and copper from mines in Africa, Europe, and North America. The company’s copper division produces from mines in Europe and Africa and includes the world’s largest zinc-producing mines, the Tenke Fungurume mine in the Democratic Republic of the Congo. Lundin Mining also operates several copper-focused developments and exploration projects. 3) First Quantum Minerals (TSX: FM): First Quantum Minerals is a Canadian-based mining and metals company with operational and exploration projects in Africa and Europe. The company is the world’s largest producer of copper cathode and the fifth-largest producer of copper concentrate. The company is principally engaged in the production of copper, nickel, zinc, and gold. The copper division of First Quantum oversees the operations of the Kansanshi, Guelb Moghrein, Sentinel, and Alcaparrosa copper mines located in Zambia, Mauritania, and Chile. 4) Teck Resources (TSX: TECK-B): Teck Resources is one of the world’s largest integrated copper and zinc producers. The company’s copper division operates five major mining and metallurgical complexes in North and South America. The company extracts ore from open-pit mines and produces copper concentrate and gradually refined copper products. In addition to copper, the company produces zinc, molybdenum, silver, and other metals and minerals. 5) Capstone Mining (TSX: CS): Capstone Mining is another TSX-listed copper producer. The company has four mines in North and South America, including two copper operations in Mexico and Chile. The company’s Pinto Valley mine is one of the largest copper mines in the world and produces concentrate and cathode copper. In addition, the company has exploration projects in Mexico and Canada and produces zinc, lead, molybdenum, and other metals. The copper market is growing, and investors are increasingly tuning into copper stocks for long-term returns. The TSX provides investors with ample opportunities in the copper sector. The above-mentioned stocks are the top copper stocks on the TSX in 2023. Investing in any of these stocks will give you access to the copper market and the potential for steady long-term returns. However, it is important to do your own due diligence before making an investment decision.