Up until 2025, the construction of significant infrastructure in strategic areas and the ongoing adoption of EVs in the global automotive industry are expected to contribute to an annual growth rate of 1.9% in copper consumption.
It is projected that through 2025, the world's output of refined copper will increase by about 0.7% per year. India and China are anticipated to lead this with new capacity buildouts. Massive copper reserves are found in Australia.
Source: Department of Industry, Science and Resources.
Here are a few of the ASX Copper stocks that are actively involved in copper production both domestically and internationally. These are listed in the following order:
Chalice Mining Limited (ASX: CHN)
Market capitalization: $476.48 million
CMP: $1.225
Chalice Mining Limited specializes in mineral exploration and Platinum Group Element-Nickel-Copper-Cobalt-Gold discovery. Pyramid Hill Gold Project, Julimar Nickel-Copper-PGE Project, and Hawkstone Nickel-Copper-Cobalt Project are among the company's current projects.
Xanadu Mines Limited (ASX: XAM)
Market capitalization: $69.73 million
CMP: $0.041
Xanadu Mines Limited owns a number of significant exploration projects in the South Gobi Desert. It maintains a globally significant copper-gold deposit in its flagship Kharmagtai project.
Sandfire Resources Limited (ASX: SFR)
Market capitalization: $3.58 billion
CMP: $7.825
Sandfire Resources Limited is a top mining and exploration company in Australia. The primary business divisions of the company are the Motheo copper projects, the Black Butte project, the DeGrussa copper operations, and the Minas de Aguas Tenidas copper operations.
Reference: *All Data has been sourced from Company announcements and Refinitiv, Thomson Reuters
Australia copper industry Outlook (Export Volume, Export earnings & Production).
It is projected that Australian exports will increase even more, to approximately 928,000 tons in 2024–2025. Increases in export volumes are anticipated to help generate about $12.8 billion in export revenue in 2024–2025. It is anticipated that mined production will increase by approximately 877,000 tons in 2024–2025. It is also projected that Australia will produce 540,000 tons of refined copper by 2024–2025, an increase of about 8.9% per year.
Source: Department of Industry, Science and Resources.
Frequently Asked Questions (F.A.Q.)
Due to the abundance of copper resources available in Australia, Australian businesses are notably contributing to economic growth. Sandfire Resources Limited, Chalice Mining Limited, Zimplates Holdings Limited, and Evolution Mining Limited are a few examples of the best copper stocks ASX.
What is the copper industry outlook?
It is anticipated that until 2025, the world's consumption of copper will increase by 1.9% a year due to significant infrastructure projects that are either planned or under way in strategic locations, especially in the energy sector, and the ongoing adoption of electric vehicles (EVs) in the global auto industry. It is anticipated that the production of refined copper will reach approximately 27.1 million metric tons in 2023 and increase by approximately 0.7% a year until 2025.
The Australian copper stocks are as follows:
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Chalice Mining Limited.
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Western Areas Limited.
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Syrah Resources Limited.
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Metals X Limited.
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