$1,000 Investment in Copper 10 Years Ago Is Worth This Much in 2024

Copper prices are skyrocketing in the charts this year and the metal is the top-performing asset in the commodity markets. It breached the $11,000 mark last week but experienced a dip and is now trading at the $10,300 level.

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The metal has soared nearly 30% year-to-date delivering stellar returns to investors in the last five months. So, if you had invested $1,000 in copper 10 years ago in 2024, how much profit could you have made today? In this article, we will highlight how much gains you could have made if you took an entry position in copper in 2014.

If You Invested $1,000 in Copper 10 Years Ago, How Much Profits Could You Make Today?

The price of copper was trading around the $3,000 mark 10 years ago in 2014. It has surged by nearly 290% from 2014 to May 2024. Therefore, if you had invested $1,000 in copper a decade ago, the investment of $1,000 could have turned into $3,900 today. That’s an uptick and return on investment (ROI) of approximately 290% in a decade.

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That’s impressive returns considering that the S&P 500 has gained 180.42% during the same period. On the other hand, gold prices have spiked close to 78% during the same timeframe. This makes copper a better investment that has delivered the highest profits in the last 10 years.

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Copper is now in high demand and industries are using the metal to build products. Elon Musk’s Tesla needs copper to build its electric vehicles (EVs) along with many other multinational corporations. The demand for copper has hit the roof while the supply remains scarce.

Therefore, high demand and low supply are making copper to be the most sought-after metal in the markets. The price is being positively reflected in the charts that’s driving its prices up.