Hudbay Minerals (HBM) Rose Following the Copper Price Rally

Group 1 - L1 Long Short Fund generated a return of 13.3% in Q3 2025, bringing the calendar-year performance to 28.7% [1] - The portfolio benefited from rising Gold and Copper prices, with 19 stocks contributing over 0.5% to returns [1] - Dovish Fed commentary, robust U.S. earnings, and continued momentum in A.I. investment lifted global equities higher [1] Group 2 - Hudbay Minerals Inc. (NYSE:HBM) had a one-month return of 18.07% and a 52-week gain of 115.01% [2] - As of December 11, 2025, Hudbay Minerals Inc. closed at $18.62 per share, with a market capitalization of $7.38 billion [2] - Hudbay's shares rose by 46% in Q3 2025, driven by higher copper prices and supply disruptions from Freeport's Grasberg mine [3] - The interruption at Grasberg, which accounts for 3% of global copper supply, compounds other operational disruptions globally [3] - Demand for copper remains strong due to growth drivers in electrification, A.I., and defense [3]