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. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 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. (NYSE:BVN) 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. (NYSE:BVN) 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 (NYSEAMERICAN:TGB) 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 (NYSEAMERICAN:TGB) 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. (NYSE:FCX) 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. (NYSE:FCX) 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. (NYSEAMERICAN:ASM) 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. (NYSEAMERICAN:ASM) 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.
While we acknowledge the potential of ASM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ASM and that has 100x upside potential, check out our report about the cheapest AI stock.
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