In this article, we will discuss the 9 Best Silver and Copper Stocks to Buy for the EV Transition.
The next great investment battle may not be fought over artificial intelligence software or electric vehicle brands — it could be fought over the metals powering the entire revolution.
As governments and corporations race toward electrification, copper and silver are emerging as two of the most strategically important commodities in the global economy. Electric vehicles require significantly more copper than traditional gasoline-powered cars, while silver remains a critical component in EV electronics, charging infrastructure, solar panels, and advanced industrial technologies. With demand accelerating and supply constraints becoming increasingly visible, silver and copper stocks have massive potential in the market today.
The statistics behind the bullish case are striking. According to the International Energy Agency, an electric vehicle can require more than twice as much copper as a conventional vehicle, while global clean-energy technologies are expected to become one of the largest drivers of future copper demand. Silver demand is also reaching record levels, with the Silver Institute reporting that industrial demand recently exceeded 680 million ounces, supported by rapid growth in solar energy and electrification markets. Meanwhile, industry forecasts suggest the copper market could face significant supply deficits later this decade as EV adoption accelerates worldwide.
Hedge fund billionaire Stanley Druckenmiller has repeatedly argued that commodity shortages can create some of the most powerful investment opportunities in global markets. Meanwhile, Ray Dalio has warned that years of underinvestment in critical resources could collide with rising demand from industrial expansion, electrification, and geopolitical competition. Investors such as David Einhorn have also highlighted the importance of owning hard assets during periods of inflation, currency uncertainty, and structural supply shortages.
For investors searching for the next major commodity supercycle, copper and silver stocks are increasingly being viewed not simply as mining investments, but as leveraged bets on the future of the global energy transition.
With this context in mind, here are some of the best silver and copper stocks to buy for the EV transition.
Our Methodology
We used stock screeners to identify copper and silver stocks that play a major role in the EV transition. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
9 Best Silver and Copper Stocks to Buy for the EV Transition
9. Compañía de Minas Buenaventura S.A.A. (NYSE:BVN)
Short % of Shares Outstanding: 1.99%
On May 4, BofA lowered its price target on Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) to $12 from $14 while maintaining a Neutral rating on the shares. The firm stated that the company’s first-quarter results were largely in line with expectations and noted that management reaffirmed the timelines for its research and development programs. BofA added that it expects the stock to remain range-bound in the near term until the company addresses financing concerns ahead of potential catalysts expected in 2026.
On April 29, Compañía de Minas Buenaventura S.A.A. reported first-quarter revenue of $624.6 million, compared to analyst estimates of $651.5 million. The company reported an 8% year-over-year increase in gold production, primarily driven by the ramp-up of operations at San Gabriel. Consolidated silver production rose 6% year-over-year due to stronger output from El Brocal, Uchucchacua, and Tambomayo, while lead and zinc production increased by 20% and 27%, respectively, supported by higher throughput at Uchucchacua. Copper production declined 11% year-over-year as El Brocal prioritized the processing of previously classified low-grade lead-silver ore during the quarter.
Compañía de Minas Buenaventura S.A.A. was incorporated in 1953 and is headquartered in Lima. The company produces gold, silver, copper, zinc, and lead across several mining operations in Peru. Buenaventura also plays an important role in the global electric vehicle transition through its ownership stake in the Cerro Verde copper mine, a major supplier of copper used in EV batteries, electrical systems, and charging infrastructure.
8. Taseko Mines Limited (NYSEAMERICAN:TGB)
Short % of Shares Outstanding: 1.98%
On May 7, Cantor Fitzgerald upgraded Taseko Mines Limited (NYSEAMERICAN:TGB) to Buy from Hold and raised its price target to $9 from $7.75 after incorporating first-quarter results into its model and rolling forward the cash flow component of its valuation by one year. The firm also highlighted the company’s outlook for 2026, with Gibraltar copper production of 110 million to 115 million pounds.
On the same day, Taseko Mines Limited reported first-quarter revenue of $237.1 million, compared to $139.15 million in the prior year period. Chief Executive Officer Stuart McDonald stated that both of Taseko’s producing assets delivered strong operational performance during the quarter, with Gibraltar maintaining stable production levels as mining activity progressed according to plan. Management also emphasized that Florence Copper is expected to contribute additional low-cost production and cash flow growth this year, positioning the company to benefit from strong copper market conditions and support future value creation from its long-term project pipeline.
Taseko Mines Limited was incorporated in 1966 and is headquartered in Vancouver. Operating within the mining industry, the company is heavily involved in the global electric vehicle transition as a major copper producer supplying a critical raw material used in EV motors, electrical wiring, and charging infrastructure systems.
7. Freeport-McMoRan Inc. (NYSE:FCX)
Short % of Shares Outstanding: 1.94%
On May 21, Daniel Major, analyst of UBS, raised the firm’s price target on Freeport-McMoRan Inc. (NYSE:FCX) to $75 from $74 while maintaining a Buy rating on the shares.
On May 15, Deutsche Bank raised its price target on Freeport-McMoRan Inc. to $72 from $58 and reiterated a Buy rating on the stock, reflecting increasing confidence in the company’s long-term earnings and commodity market outlook.
Freeport-McMoRan Inc. was founded in 1912 as Freeport Sulphur. Headquartered in Phoenix, the company is a publicly traded copper producer and plays a significant role in the global electric vehicle transition through its supply of critical raw materials used in electrification and energy infrastructure.
Freeport-McMoRan remains well-positioned to benefit from rising long-term demand for copper driven by electric vehicles, renewable energy infrastructure, and global electrification trends. The recent analyst price target increases and continued Buy ratings reflect growing confidence in the company’s strategic importance within the energy transition and its ability to capitalize on favorable commodity market conditions, placing it among the best silver and copper stocks to buy for the EV transition.
6. Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM)
Short % of Shares Outstanding: 1.88%
On May 14, Heiko Ihle of H.C. Wainwright & Co. raised the firm’s price target on Avino Silver & Gold Mines Ltd. to $13 from $12.50 and reiterated a Buy rating on the stock. The updated target followed revisions to the firm’s financial model after the company’s first-quarter earnings report.
Earlier, on April 23, Avino reported first-quarter 2026 production of 263,057 silver ounces, 1,851 gold ounces, and 1.34 million pounds of copper, totaling 568,112 silver-equivalent ounces. President and Chief Executive Officer David Wolfin stated that the company entered 2026 with positive momentum and remains on track to achieve its annual production targets. He also highlighted stronger-than-expected mill performance, robust throughput levels, and encouraging grade improvements from the La Preciosa project. Management noted that elevated silver prices are expected to drive revenue above budgeted levels while operational optimization efforts continue across the company’s mining assets.
Avino Silver & Gold Mines Ltd. was founded in 1968 and is headquartered in Vancouver. The company primarily produces silver and gold while also generating copper, a critical material used in electric vehicle wiring, motors, and battery systems.
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 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 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.
4. Vale S.A. (NYSE:VALE)
Short % of Shares Outstanding: 1.17%
On May 22, JP Morgan raised its price target on Vale S.A. (NYSE:VALE) to $19.50 from $18.50 while maintaining an Overweight rating on the shares. The firm updated its financial model on the company, reflecting improving expectations for Vale’s operational and earnings outlook.
On May 15, Deutsche Bank raised its price target on Vale S.A. to $18 from $14.80 while reiterating a Hold rating on the stock, signaling growing confidence in the company’s performance amid improving commodity market conditions.
Vale S.A. was founded in 1942 and is headquartered in Rio de Janeiro. Vale produces iron ore and is a supplier of critical battery metals, including high-purity nickel and copper, which are essential for electric vehicle motors, lithium-ion battery packs, and broader clean energy infrastructure development.
Vale remains strategically positioned to benefit from rising long-term demand for critical minerals driven by the global electric vehicle and energy transition markets. The recent analyst price target increases reflect improving confidence in the company’s earnings potential, commodity exposure, and importance as a key supplier of battery and industrial metals worldwide.
3. Agnico Eagle Mines Limited (NYSE:AEM)
Short % of Shares Outstanding: 0.97%
On May 26, CIBC raised its price target on Agnico Eagle Mines Limited (NYSE:AEM) to $310 from $304 while maintaining an Outperformer rating on the shares. The firm cited the company’s favorable first-quarter results and additional exploration upside potential as key factors supporting the target increase.
On May 20, Agnico Eagle Mines Limited announced that it entered into a subscription agreement with Wallbridge Mining Company Limited to purchase approximately 243.9 million common shares at a price of C$0.092 per share for a total consideration of approximately C$22.4 million. Following completion of the transaction, Agnico Eagle is expected to increase its ownership stake in Wallbridge to nearly 20% on a partially diluted basis. The agreement also provides Agnico Eagle with participation rights in future equity financing and the ability to nominate a representative to Wallbridge’s board of directors, strengthening its strategic position and long-term exposure to exploration and development opportunities.
Agnico Eagle Mines Limited was founded in 1957 and is headquartered in Toronto. In addition to producing gold and silver, Agnico Eagle supports the electric vehicle transition through underground mining electrification initiatives, including the use of battery-electric mining equipment and the repurposing of used EV batteries for stationary energy storage applications.
2. Rio Tinto Group (NYSE:RIO)
Short % of Shares Outstanding: 0.72%
Rio Tinto Group (NYSE: RIO) attracted renewed analyst support on May 26 when JPMorgan analyst Dominic O’Kane raised the firm’s price target on the mining giant to 8,280 GBp from 7,200 GBp while maintaining a Neutral rating. The increase reflects a more constructive outlook on the company’s earnings potential and asset portfolio, particularly as demand for key industrial and energy-transition commodities remains resilient across global markets.
Earlier in the month, on May 15, Deutsche Bank analyst Liam Fitzpatrick also increased his price target on Rio Tinto to 6,900 GBp from 6,200 GBp while maintaining a Hold rating. This further highlights improving sentiment toward the company and underscores confidence in its ability to navigate commodity market fluctuations while benefiting from long-term structural demand trends. Although both firms retained relatively cautious ratings, the upward revisions suggest expectations for stronger value creation than previously anticipated.
Rio Tinto Group was founded in 1873 and is headquartered in London, United Kingdom. The company produces iron ore, copper, aluminum, lithium, and nickel. Many of these materials play a critical role in the global transition toward cleaner energy systems, electric vehicles, battery storage technologies, and modern infrastructure.
1. BHP Group Limited (NYSE:BHP)
Short % of Shares Outstanding: 0.61%
On May 15, Liam Fitzpatrick, analyst of Deutsche Bank, raised the firm’s price target on BHP Group Limited (NYSE:BHP) to 2,600 GBp from 2,400 GBp while maintaining a Hold rating on the shares.
On April 27, Argus Research raised its price target on BHP Group Limited to $95 from $90 and reiterated a Buy rating on the stock. The firm noted that BHP’s performance remains closely tied to trends in iron ore, copper, and coal markets, adding that commodity prices are strengthening amid rising global inflation. Argus also highlighted improving economic conditions in China and growing clean energy demand as supportive factors for the company’s long-term outlook.
BHP Group Limited was founded in 1885 and is headquartered in Melbourne. Operating within the global mining industry, BHP produces critical commodities, including copper, iron ore, and nickel. The company plays a significant role in the global electric vehicle transition through its supply of copper for EV motors and renewable energy grids, as well as nickel used in modern EV battery technologies.
BHP Group remains strategically positioned to benefit from rising global demand for critical minerals tied to electrification, infrastructure expansion, and clean energy adoption. The recent analyst price target increases, combined with improving commodity market conditions and stabilizing Chinese economic activity, reinforce confidence in the company’s long-term growth and earnings potential.
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