With the 2024 election nine months away, it’s a good idea to start adding “Trump Trades” to your portfolio. That includes some of the top metals stocks to buy if Trump wins. In fact, you may want to add metals to your portfolio–especially those that did well when Trump was first elected in 2016. 

At the time, that included infrastructure stocks, such as United States Steel (NYSE:X), which ran from about $23 to $40. Even Nucor (NYSE:NUE), and AK Steel Holding took off. Copper stocks, like Freeport-McMoRan (NYSE:FCX) even ran from about $12 to $18. 

This time around, we could see metals stocks rally again on plans to build the wall. Steel stocks could do well on expectations United States steel manufacturing would increase under Republican leadership, as highlighted by analysts at Goldman Sachs. Even rare earth stocks may do well, should Trump push to end our reliance on China for key materials.

That being said, here are just a few of the top metals stocks to buy if Trump wins. 

Metals Stocks That Could Skyrocket: Fluor Corp. (FLR)

Let’s start with engineering and construction company, Fluor (NYSE:FLR)–one of the top metals stocks to buy if Trump wins.

At the moment, it’s oversold after gapping from about $43 to $35. From here, not only do I believe it’ll refill that bearish gap, but I also believe it’ll run higher with Trump in office. For one, according to Goldman Sachs, FLR could run on potential plans for stronger borders. Two, Trump highlighted plans to secure the border on his site. And three, Fluor was one of the companies involved in border construction during Trump’s first term.

Helping, D.A. Davidson just reiterated its buy rating on FLR with a $50 price target. Fluor also received a Buy rating from Robert W. Baird analysts, as well.

Ahead of the U.S. elections, 2024 is already seeing a healthy flow of new projects. It’s also expected to do well on further infrastructure spending, especially with the U.S. expected to increase spending nearly 13% to $436 billion this year.

Freeport-McMoRan (FCX)

Should we hear more about infrastructure spending plans from Trump, we expect for copper stocks like Freeport-McMoRan to pop. In fact, when he called for a $2 trillion infrastructure bill in March 2020, FCX, for example, ran from about $8 to about $40.

While infrastructure plans didn’t work out so well in his first term, there’s hope that a new push could get the ball rolling, which could send FCX screaming higher again.

Aside from the upcoming elections, there are concerns the metal could run 75% higher by 2025 on deficit issues. For example, “analysts see a bullish run for copper due to mining disruptions, with Goldman Sachs expecting a deficit of over half a million tons in 2024,” as noted by CNBC. 

“The supply cuts reinforce our view that the copper market is entering a period of much clearer tightening,” wrote Goldman’s analysts, who see copper prices hitting $10,000 per ton within the year, and much higher in 2025, they added.

Cameco Corp. (CCJ)

Uranium stocks, like Cameco (NYSE:CCJ) may do well under Trump again.

In early 2020, Trump announced a budget proposal of $1.2 billion for nuclear energy research and development. At the time, according to TheVerge.com, “Trump sold the bump in funding as a way to promote ‘revitalization of the domestic industry and the ability of domestic technologies to compete abroad.’ His administration also wants to ramp up uranium production in the US, calling it “an issue of national security.” 

By April 2020, his Administration released a report to “revive and strengthen the uranium mining industry,” as noted by The Salt Lake Tribune. 

As a result, uranium stocks like Cameco ran from a low of about $6 to more than $27. Should Trump win back The White House in November, uranium stocks could get explosive again, too.

Aside from the elections, uranium prices are currently at 16-year highs because of massive supply-demand issues that aren’t cooling off.

On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.