These Under-the-Radar Stocks Could Be Big Winners of a Renewable Energy Revolution

If you believe in the so-called "clean energy transition," then you almost certainly believe that demand for copper is going to rise significantly in the decades to come. That's what major copper miners Freeport-McMoRan (NYSE: FCX), Southern Copper (NYSE: SCCO), and the U.K.'s Antofagasta (NASDAQOTH: ANFGF) are all hoping to see. The three stocks represent an oft-underappreciated way to invest in the transition. Here's why.

The long-term demand case for copper is quite simple and was highlighted by Freeport-McMoRan on its recent third-quarter earnings call presentation. Management cited figures from the International Copper Association (ICA) outlining that electric vehicles (EV) used up to four times the amount of copper as internal combustion engines. In addition, using renewable energy to fuel power generation requires four to five times the amount of copper as using traditional fossil fuels.

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Source Fool.com