Investment Rating - The report maintains a "Recommended" investment rating for the copper industry [10]. Core Insights - The production of major copper-producing countries, Chile and Peru, has shown mixed results, with Chile's production slightly increasing and Peru's production recovering after a decline in 2024 [4][18]. - The overall production from twelve overseas copper mining companies has decreased, with significant declines noted in Freeport and Glencore due to operational disruptions [5][66]. - Future new or expanded copper mining projects are limited, indicating a potential supply constraint in the coming years [8][10]. Summary by Sections 1. Copper Production from Major Producing Countries - Chile's copper production for January to September 2025 reached 3.972 million metric tons, a year-on-year increase of 0.1% [4][18]. - Peru's copper production during the same period was 2.048 million metric tons, reflecting a year-on-year increase of 2.58% [4][18]. - The increase in Chile's production is primarily attributed to the Escondida project, while Peru's growth is driven by Las Bambas and Toromocho projects [4][18]. 2. Overseas Copper Mining Companies' Production - The total copper production from fifteen major copper mining companies in the first three quarters of 2025 was 9.3231 million metric tons, a slight increase of 0.36% year-on-year [5][43]. - Excluding three Chinese companies, the twelve overseas companies reported a total production of 7.5641 million metric tons, a decrease of 2.42% year-on-year [5][43]. - Freeport and Glencore experienced significant production declines of 13.61% and 17.26%, respectively, due to operational issues [5][66]. 3. Future Project Developments - There are few new or expanded copper mining projects anticipated, with notable projects like Codelco's Rajo Inca and First Quantum's Kansanshi expansion expected to contribute limited additional supply [8][9]. - Long-term projects such as Rio Tinto's Oyu Tolgoi are in ramp-up phases, with expected production increases by 2028 [9].

Mining Equities 2026 Outlook: Copper Bulls Mixed demand outlook – focus on supply constraints & stock catalysts In 2025, most mining equities delivered healthy returns and outperformed equity benchmarks; but unlike previous broad-based upcycles (post GFC/ Covid), in our view sector performance was predominantly driven by gold and copper; these commodities supported a rally in silver/ PGM/aluminium prices while ferrous metals and energy were flat/down. In 2026, we expect copper, aluminium and lithium to outp ...

Materials, industrials and telcos led ASX returns in 2025. Here’s what drove the rally and what could shape these sectors in 2026.For all the talk of AI bubbles and transformative technologies, it was a few ‘boring’ sectors that performed best in 2025.Commodities, infrastructure and connectivity did the heavy lifting, driving the index higher over the year.On the numbers, Materials led with a powerful 27% gain. Industrials delivered a solid 9%, underpinned by high-quality infrastructure and logistics names. ...

We recently published 7 Best ASX Stocks to Buy Right Now.  BHP Group (NYSE:BHP) is one of the best ASX stocks. BHP Group (NYSE:BHP) is one of the biggest mining companies in the world. The firm made an important announcement on December 9th when it revealed that BlackRock’s Global Infrastructure Partners would invest $2 billion in Western Australia Iron Ore’s inland power network. Through the deal, BHP Group (NYSE:BHP) will retain operational control of the site, and the two companies will create an entit ...

ab 9 December 2025 Powered by YES UBS Evidence Lab Global Research Iron Ore & Coal Is China steel production up or down in 2025? Figure 1: Weekly iron ore shipments from AU+BR+SA, Mt 780 1040 1300 1560 1820 15 20 25 30 35 07-Jan 21-Jan 04-Feb 18-Feb 04-Mar 18-Mar 01-Apr 15-Apr 29-Apr 13-May 27-May 10-Jun 24-Jun 08-Jul 22-Jul 05-Aug 19-Aug 02-Sep 16-Sep 30-Sep 14-Oct 28-Oct 11-Nov 25-Nov 09-Dec 23-Dec Mt 2023 2024 2025 2024 QTR avge annualised (RHS) Source: UBS Evidence Lab (> Access Dataset). Includes conte ...

智利《三点钟报》12月11日报道，根据智利铜业委员会（Cochilco）发布的数据，2025 年1-10月智利累计产铜442.7万吨，较去年同期的445.8万吨减少0.7%。其中，10月铜产 量45.5万吨，同比下降6.8%。前10个月智利国家铜业公司（Codelco）累计铜产量112.7 万吨，同比增长0.7%；必和必拓（BHP）旗下的埃斯康迪达矿（Escondida）累计铜产 量113.9万吨，同比增长10%；由嘉能可（Glencore）与英美资源集团（Anglo American）共同持股的科拉华西矿（Collahuasi）累计铜产量33.2万吨，同比下降30%； 安托法加斯塔矿业公司（Antofagasta Minerals）旗下的洛斯佩兰布雷斯矿（Los Pelambres）累计铜产量25.2万吨，同比下降7.8%。 （原标题：智利1-10月累计铜产量下降） ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

A BHP Group venture submitted an application to join Argentina’s investment incentives program for a project in an area it hopes will be the next major production hub for copper https://t.co/YBgXxoIj7c ...

12月11日（周四），智利国家机构--智利铜业委员会(Cochilco)周四表示，从今年到2034年，智利的矿业 投资预计将达到1045.49亿美元，高于去年预测的到2033年约830亿美元的投资额。 SMM联合制作联系人 刘明康 156 5309 0867 liumingkang@smm.cn Cochilco表示，这一增长使支出预测达到了2016年以来的最高水平，其中包括全球最大铜矿——必和必 拓Escondida铜矿的重大扩建计划。 智利是全球最大的铜生产国和第二大锂生产国，而锂是制造可充电电池的关键原料。 （文华综合） 作为全球最大的铜消费国，中国产业链面临三大挑战：上游资源对外依存度攀升、中游加工环节产能过 剩、下游需求受高铜价抑制。为助力行业应对变局，上海有色网携手铜产业链企业联合编制《2026中国 铜产业链分布图》中英双语版，点击此链接即可免费领取铜产业链分布图： https://s.wcd.im/v/470opZ19l/。 ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, December 10th:Village Farms International (VFF) : This company, which is a producer, marketer and distributor of greenhouse-grown tomatoes, bell peppers and cucumbers primarily in North America., has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 75% over the last 60 days.Village Farms International’s shares gained 34.8% over the last thre ...