Copper stocks are publicly traded companies that mine copper. These companies will be the key beneficiaries of growing copper demand in the coming decades. Demand for copper is on track to surge 50% by 2040, according to S&P Global, and 70% by 2050, according to an estimate by leading global miner BHP Group (BHP +1.16%), both driven in part by the need for copper in AI data centers.

Other key drivers are the vital role copper plays in supporting the electrification of the transportation sector and producing renewable energy. For example, according to the International Copper Association, electric vehicles use up to four times as much copper as traditional cars. Meanwhile, a wind turbine consumes 3 metric tons of copper per megawatt of…