First Quantum Minerals: A Copper Play Poised for a Rebound

Key Points First Quantum shares are down more than 30% since July 2023 after Panama shut down its Cobre Panama mine, which once generated 40% of company revenue. The company’s diversified copper operations in Zambia, Spain, and Australia are keeping production steady, and talks with Panama’s new government suggest a possible reopening. With copper demand climbing on EVs, renewables, and AI-driven infrastructure — and shares trading at a discount to peers — the stock could offer upside for patient inv ...