According to Lee Eun Young of DBS Group Research, another way investors can get exposure to this investing theme is to invest in Hong Kong-listed MMG, which runs five mines, producing mainly copper and zinc, two metals commonly found in the same mineral deposits. MMG, with its corporate headquarters in Melbourne, is 67.5% held by China Minmetals Corporation, a state-owned enterprise.
Share prices of listed gold miners have gained handsomely over the past few months in tandem with frequent new record high prices of the yellow metal. Copper, another key metal, may not be as glamorous but it is seen as vital for the electrification of the world, thanks to its properties as an efficient conductor of heat and electricity. According to the International Energy Agency (IEA), as the transition to a lower-carbon economy gets underway, copper demand is on track to surge 40% by 2040.
Well-known mega mining stocks that produce copper, besides other commodities, include the likes of BHP Group, Freeport-McMoRan, Rio Tinto Group, Teck Resources and Southern Copper.
