It's Time to Invest in "America's Copper Champion"

While the tariff situation remains dynamic, one thing is crystal clear: The current administration wants to support domestic provision of key metals and minerals, including copper. That's excellent news for Freeport-McMoRan (NYSE: FCX), which calls itself "America's Copper Champion." Here's why the stock is a great buy right now.

Copper is critical to the modern economy. It's a crucial element in the electrification-of-everything trend, which encompasses electric vehicles, the Internet of Everything, renewable energy, data centers, and the electrical transmission and distribution networks needed to support the growing electrification of the economy.

Whatever the tariff landscape ends up looking like, the Trump administration is likely to support the domestic production of copper, and Freeport-McMoran will play a key role.

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Source Fool.com