5 Best Silver and Copper Stocks to Buy for the EV Transition

In this article, we will discuss the 5 Best Silver and Copper Stocks to Buy for the EV Transition. For deeper discussion and analysis, read 9 Best Silver and Copper Stocks to Buy for the EV Transition.

5. Southern Copper Corporation (NYSE:SCCO)

Short % of Shares Outstanding: 1.43%

On May 21, UBS raised its price target on Southern Copper Corporation (NYSE:SCCO) to $145 from $140 while maintaining a Sell rating on the shares.

On May 15, Alfonso Salazar, analyst of Scotiabank, raised the firm’s price target on Southern Copper Corporation (NYSE:SCCO) to $135 from $133 while reiterating an Underperform rating on the stock. The firm noted that increased volatility and elevated metal prices could create attractive trading opportunities across the mining sector.

Southern Copper Corporation (NYSE:SCCO) was founded in 1952 and is headquartered in Phoenix. The company plays a key role in the global electric vehicle transition by supplying copper used in battery production, electric motors, and EV charging infrastructure.

Southern Copper remains strategically positioned to benefit from long-term demand growth for copper driven by electrification, renewable energy expansion, and electric vehicle adoption worldwide. Despite cautious analyst ratings, the continued increases in price targets reflect the market’s recognition of copper’s critical role in the global energy transition and Southern Copper’s importance as a major supplier within the industry.