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Team Veye   October 29, 2025

ASX All Ords copper stocks showing strength

Team Veye   October 29, 2025
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Copper prices have surged to near record highs on optimism over a potential US–China trade deal which reignited investor interest in ASX-listed copper producers that are well positioned to benefit from the accelerating demand driven by renewable energy, electric vehicles and data centres.

ASX All Ords copper stocks

Aeris Resources Limited (ASX: AIS

Sandfire Resources Limited (ASX: SFR

29Metals Limited (ASX:29M

Aeris Resources Limited (ASX: AIS

in the September 2025 quarter recorded a copper equivalent production of about 10.3kt which was mostly driven by output from its Tritton Copper Operations and the Cracow Gold Mine.
Tritton produced about 6.1kt of copper at an AISC of $4.24/lb and Cracow produced 8.9koz of gold at $3,692/oz as both matched the company’s expectations.

By the end of the quarter, Aeris had $46.4 million in cash and receivables backed by an impressive operating cash flow of $53.1 million. 
The company also decided to sell its North Queensland copper assets to Dingo Minerals for $15.5 million so that it can repay debt and put more money back into its main projects. 

 Aeris aims to unlock more value from the Stockman Project, extend mine life at Constellation and Cracow and become fully debt free by August 2026.

Sandfire Resources Limited (ASX: SFR

had another strong run in the September 2025 quarter as group copper equivalent production hit 35.5kt.
The company posted unaudited sales revenue of around US$328 million and underlying EBITDA of US$137 million, showing solid profit margins along with making its balance sheet stronger by cutting net debt down to US$62 million

Capital spending amounted to US$54 million, which included early work on MATSA’s new tailings storage facility and more exploration work in the Iberian Pyrite Belt and Kalahari Copper Belt. 
Sandfire expects output to rise in the second half and it is also working on an updated pre-feasibility study for the Black Butte Copper Project in the U.S.

29Metals Limited (ASX:29M

in the September 2025 quarter produced around 5.8kt of copper and 2.0kt of zinc from its Golden Grove site in Western Australia.
Its other project, Capricorn Copper, is still under care and maintenance, but there’s been good progress in cutting down water storage by around 1.5 gigalitres and getting key government approvals for a new Tailings Storage Facility. 

The company has total liquidity of about $168 million out of which $153 million is in cash. 
29Metals plans to keep improving and make full use of its 2.2Mt copper and 2.3Mt zinc resources as the company wants to take advantage of the rising global demand for copper as electrification and renewable energy projects continue to grow.

(Source: Company Announcements)

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