Best ASX stocks in view of emerging tailwinds for demand in copper

Copper is one of the most significant metals in the world due to its role in modern infrastructure, clean energy and global manufacturing and these ASX listed companies are well positioned to capitalise on strong long-term demand.

Best ASX copper stocks

Sandfire Resources Limited (ASX: SFR)

Capstone Copper Corp. (ASX: CSC) 

True North Copper Limited (ASX: TNC)

Hillgrove Resources Limited (ASX: HGO)

Sandfire Resources Limited (ASX: SFR)

Sandfire Resources Limited is constantly improving its operations across the MATSA operations in Spain and the Motheo mine in Botswana.
The Group copper equivalent output was 35.5kt in the September quarter which was almost 5% ahead of plan. 
The group sales revenue was around $328 million and underlying EBITDA reached $137 million while net debt reduced to $62 million which shows disciplined cost management.
The company expects production to grow as access to higher-grade ore improves, processing efficiency increases and exploration progresses across both operational hubs which should support stronger throughput in coming quarters.

Capstone Copper Corp. (ASX: CSC) 

Capstone Copper Corp. had an impressive third quarter as higher production, lower operating costs and better pricing helped the company.
Consolidated total copper production for Q3 2025 reached 55,280 tonnes at C1 cash costs of $2.42/lb compared to 47,460 tonnes at $2.84/lb in Q3 2024 which shows solid operational improvement.

Revenue increased to US$598.4 million and net income attributable to shareholders rose to US$248.1 million which represents a major improvement partly supported by an impairment reversal at Santo Domingo.

The company ended the quarter with US$1.07 billion in liquidity including US$310.1 million in cash and expects production to stay within full-year guidance.

True North Copper Limited (ASX: TNC)

is gaining momentum as drilling success, new discoveries and advancing project studies position the company for a potential transition towards future copper production.
Recent exploration results at the Mt Oxide Project have been encouraging as drilling confirmed a new copper cobalt silver system at the Aquila target with intersections such as 145 metres at 0.75%, 53 metres at 1.18% and 30 metres at 2.45% from shallow depth which highlights a scalable mineralised system.

True North Copper ended the September quarter with about $8.2 million in cash and invested around $3.2 million into exploration which reflects disciplined allocation toward drilling and restart studies.

The next quarter is expected to bring further drilling results from Aquila alongside follow up geophysical work across new copper trends while restart assessments for Cloncurry progress could lead to future production.

Hillgrove Resources Limited (ASX: HGO)

Hillgrove Resources Limited is on a journey to become a higher-grade scalable copper producer as progress at Nugent and strong drilling results at Emily Star strengthen its long-term growth profile.
The Nugent Production Centre is now operational with 1,379 metres of underground development completed and the 1020 level established which gives access to around 50,000 tonnes of stope ore for processing in the December quarter.

Drilling at Emily Star returned standout copper-gold intercepts including 19.1 metres at 1.91% copper and 0.15 g/t gold and 5.7 metres at 2.12% copper and 0.36 g/t gold while Nugent drilling confirmed multiple high-grade extensions such as 21 metres at 0.85% copper and 0.98 g/t gold.
The company strengthened its financial position through a $28 million equity placement at $0.035 per share which supports capital needs for Nugent development and ore from Nugent is expected to lift mill throughput to between 1.7 and 1.8 million tonnes per year by mid-2026.

(Source: Company Reports)