The surging demand driven by the global transition to clean energy (EVs, solar, wind) along with the expansion of digital infrastructure fuelled by AI has brought copper into centre stage.
As such, ASX copper stocks to remain in focus are
BHP Group Limited (ASX: BHP)
RIO TINTO Limited (ASX: RIO)
Sandfire Resources Limited (ASX: SFR)
Capstone Copper Corporation (ASX: CSC)
Altitude Mineral Limited (ASX: ATT)
BHP Group Limited (ASX: BHP)
has given solid operational results. The production grew most in Iron ore and copper by 63 percent and 59 percent underpinned by 100 percent recovery from cyclone and storm impacts in Q3 FY25. The company’s Escondida achieved its high production over 17 years. BHP delivered excellent financial performance underpinned by 53 percent growth in Underlying EBITDA, with Underlying profit reported at USD 10.2 billion. Dividends distributed this year were worth USD 5.6 billion, reflecting its value towards shareholders. The company has set a strong baseline production for the upcoming period. Moreover, it is steadily growing its production of copper and potash, which are in high demand.
RIO TINTO Limited (ASX: RIO)
has a diversified portfolio, which has given resilient financial and operational results. Total production this quarter improved by 6 percent, underpinned by growth in Copper and Minerals. Sales volume rose by 4 percent. Underlying EBITDA reported at $11.5 billion and Underlying earnings reported at $4.8 billion, slightly lower than the previous year due to a reduction in iron ore prices. The company has maintained an interim dividend payout ratio of 50 percent, contributing $2.4 billion to shareholders. The company is increasing its exposure to the energy transition. It is on track to achieve a 3 percent CAGR in production from 2024 to 2033.
Sandfire Resources Limited (ASX: SFR)
has marked another year with strong production growth. The production of Copper Equivalent rose to 152.4 thousand tonnes by 12 percent in comparison to the previous year, despite weather and power-related disruptions at its Motheo and MATSA hubs. Operating costs reduced in Motheo production by 4 percent, resulting in robust profits. Underlying EBITDA increased from $362 million to $528 million, and Profit after tax was reported at $90 million. Most importantly, debt was reduced by 69 percent. According to the FY26 outlook, the momentum will continue in an upward direction with a production target of 157 thousand tonnes.
Capstone Copper Corporation (ASX: CSC)
has recently sanctioned the Mantoverde Optimised Project in Chile. This brownfield expansion is expected to increase the production capacity from 32000 to 45000 tonnes per day, delivering an extra 20k tonnes of copper and 6k ounces of gold annually. Moreover, the mining life is expanded from 19 to 25 years. The full capacity expansion will be done by 2027. CSC has been awarded The Copper Mark for its Pink Valley site in Arizona. This award enhances the credibility of its production sites. Due to some uncertainties, the operations at Mantoverde Optimised Project are on a temporary pause. Overall, the company has promising growth in future.
Altitude Mineral Limited (ASX: ATT)
operations across its projects have resulted in rich mineral resources, and it also acquired new tenements during this year. At its Anna Creek Tenement, it found zircon-rich assemblages which include a very low amount of trash minerals. An example of one is 35 %zircon, 20 % limonite, 20% leucoxene and 5 % Rutile. Altitude Minerals is advancing towards an air core drill program of 400in its South Australian tenements to benefit from a first-mover advantage. This program is fully funded. By achieving new tenements and positive results from operations, the company is set for growth.
(Source: Company Announcements)
Veye Pty Ltd(ABN 58 623 120 865), holds (AFSL No. 523157 ). All information provided by Veye Pty Ltd through its website, reports, and newsletters is general financial product advice only and should not be considered a personal recommendation to buy or sell any asset or security. Before acting on the advice, you should consider whether it’s appropriate to you, in light of your objectives, financial situation, or needs. You should look at the Product Disclosure Statement or other offer document associated with the security or product before making a decision on acquiring the security or product. You can refer to our Terms & Conditions and Financial Services Guide for more information. Any recommendation contained herein may not be suitable for all investors as it does not take into account your personal financial needs or investment objectives. Although Veye takes the utmost care to ensure accuracy of the content and that the information is gathered and processed from reliable resources, we strongly recommend that you seek professional advice from your financial advisor or stockbroker before making any investment decision based on any of our recommendations. All the information we share represents our views on the date of publishing as stocks are subject to real time changes and therefore may change without notice. Please remember that investments can go up and down and past performance is not necessarily indicative of future returns. We request our readers not to interpret our reports as direct recommendations. To the extent permitted by law, Veye Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss, or data corruption) (as mentioned on the website www.veye.com.au), and confirms that the employees and/or associates of Veye Pty Ltd do not hold positions in any of the financial products covered on the website on the date of publishing this report. Veye Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services.
