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Copper Stocks List

This list compares 46 listed companies with copper mining, development or processing businesses. It includes diversified mining groups, copper-focused producers, explorers and selected smelters, refiners and tailings processors.

46 CompaniesCombined Mkt Cap: $1.36TMarket data updated: September 7, 2026

At a glance

  • The list spans 31 producers, 12 developers and 3 explorers.
  • Primary listings are concentrated in Canada and Australia: 21 companies use the TSX or TSX Venture Exchange, and 5 use the ASX.

Companies in this list

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46 companies
Copper Stocks — companies, project phase and market capitalization in USD. Open a company profile for its complete description and sources.
Company Project Phase Expand

BHP.AXASX 🇦🇺
Production
Production
$231B
BHP Group
HQ: 🇦🇺 Australia Segment: Diversified Major Phase: Production Type: Porphyry IOCG Resource Country: 🇨🇱 Chile 🇦🇺 Australia 🇵🇪 Peru 🇺🇸 United States 🇦🇷 Argentina
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BHP Group Limited is an Australian resources company with copper operations in Chile and South Australia and substantial iron ore, steelmaking coal and potash businesses. It owns 57.5% of Escondida, all of Spence, Olympic Dam, Carrapateena and Prominent Hill, and 33.75% of Antamina in Peru.

Its copper development interests include 50% of the Vicuña joint venture with Lundin Mining and 45% of Resolution Copper in Arizona. In the year ended 30 June 2026, copper contributed more than half of Group Underlying EBITDA. The proposed Escondida concentrator expansion has received pre-commitment funding ahead of a final investment decision.

ASX

$231B

Diversified Major

  • Escondida 57.5% (Chile)
  • Olympic Dam 100% (Australia)
  • Spence/Pampa Norte 100% (Chile)
  • Carrapateena 100% (Australia)
  • Prominent Hill 100% (Australia)
  • Antamina 33.75% (Peru)
  • Vicuña JV 50% (Argentina/Chile)
  • Resolution Copper 45% (USA)

RIO.LLSE 🇬🇧
Production
Production
$168B
Rio Tinto
HQ: 🇬🇧 United Kingdom Segment: Diversified Major Phase: Production Type: Porphyry Resource Country: 🇲🇳 Mongolia 🇨🇱 Chile 🇺🇸 United States 🇦🇺 Australia
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Rio Tinto is a diversified mining group with copper operations at Oyu Tolgoi in Mongolia, Escondida in Chile and Kennecott in the United States. It owns 66% of Oyu Tolgoi, 30% of Escondida and all of Kennecott, alongside large iron ore, aluminum and lithium businesses.

Rio Tinto also holds 55% of Resolution Copper in Arizona and 70% of the Winu copper-gold project in Western Australia. Resolution completed its federal land exchange in March 2026 but remains a development project. Rio Tinto plc and Rio Tinto Limited have separate share registers within the group’s dual-listed structure.

LSE

$168B

Diversified Major

  • Oyu Tolgoi 66% (Mongolia)
  • Escondida 30% (Chile)
  • Kennecott 100% (USA)
  • Resolution Copper 55% — development (USA)
  • Winu 70% — development (Australia)

SCCONYSE 🇺🇸
Production
Production
$168B
Southern Copper
HQ: 🇺🇸 United States Segment: Pure-Play Major Phase: Production Type: Porphyry Resource Country: 🇵🇪 Peru 🇲🇽 Mexico
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Southern Copper Corporation operates copper mines, smelters and refineries in Peru and Mexico and is controlled indirectly by Grupo México. Its principal operations include Buenavista and La Caridad in Mexico and Toquepala and Cuajone in Peru. The mines also produce molybdenum, silver and zinc.

The company is developing Tía María in Peru and has a wider portfolio of expansion and development projects. Its multi-year investment program is a spending plan; individual projects have separate construction schedules, permits and funding requirements.

NYSE

$168B

Pure-Play Major

  • Buenavista del Cobre 100% (Mexico)
  • Toquepala 100% (Peru)
  • Cuajone 100% (Peru)
  • La Caridad 100% (Mexico)
  • Tía María — under construction (Peru)
  • El Arco — development (Mexico)
  • Michiquillay — exploration (Peru)

2899.HKHKEX 🇨🇳
Production
Production
$122B
Zijin Mining
HQ: 🇨🇳 China Segment: Diversified Major Phase: Production Type: Porphyry Sediment-hosted VMS Resource Country: 🇨🇳 China 🇨🇩 DRC 🇷🇸 Serbia 🇪🇷 Eritrea
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Zijin Mining Group Company Limited is listed in Hong Kong and Shanghai and produces copper, gold and other metals in China and overseas. Its copper portfolio includes Julong in China, Serbian operations and a 39.6% direct interest in the Kamoa-Kakula joint venture in the Democratic Republic of the Congo.

Zijin also owns shares in Ivanhoe Mines, another Kamoa-Kakula partner, creating additional indirect economic exposure. The group combines mine development with smelting and refining, while gold, zinc and lithium provide exposure beyond copper.

HKEX

$122B

Diversified Major

  • Julong Copper 58.16% (China)
  • Čukaru Peki 100% (Serbia)
  • Bor Complex 63% (Serbia)
  • Kamoa-Kakula JV 39.6% direct (DRC); additional indirect exposure via Ivanhoe shareholding
  • Kolwezi 67% (DRC)
  • Duobaoshan/Tongshan 100% (China)
  • Zijinshan 100% (China)
  • Bisha 55% (Eritrea)

FCXNYSE 🇺🇸
Production
Production
$104B
Freeport-McMoRan
HQ: 🇺🇸 United States Segment: Pure-Play Major Phase: Production Type: Porphyry Skarn Resource Country: 🇺🇸 United States 🇵🇪 Peru 🇨🇱 Chile 🇮🇩 Indonesia
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Freeport-McMoRan Inc. is a US-listed copper producer with mines in the United States, Peru, Chile and Indonesia. Its portfolio includes Morenci, Cerro Verde, El Abra and the Grasberg minerals district, with gold and molybdenum contributing alongside copper.

Freeport operates mines, processing plants and smelting facilities and is expanding leaching across its Americas operations. In Indonesia, underground mine performance and the ramp-up of downstream facilities affect copper and gold sales. Proposed changes to the long-term operating rights and ownership of PT Freeport Indonesia remain distinct from the company’s current interest.

NYSE

$104B

Pure-Play Major

  • Grasberg 48.76% (Indonesia)
  • Morenci 72% (USA)
  • Cerro Verde 55.66% (Peru)
  • El Abra 51% (Chile)
  • Bagdad 100% (USA)
  • Safford/Lone Star 100% (USA)

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GLEN.LLSE 🇨🇭
Production
Production
$96B
Glencore
HQ: 🇨🇭 Switzerland Segment: Diversified Major Phase: Production Type: Porphyry Sediment-hosted Skarn VMS Resource Country: 🇨🇩 DRC 🇨🇱 Chile 🇵🇪 Peru 🇦🇷 Argentina 🇦🇺 Australia
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Glencore plc combines mining and metals processing with a global commodity marketing business. Its copper interests include operations and joint ventures in the Democratic Republic of the Congo, Chile and Peru, alongside development projects such as El Pachón in Argentina. Coal, zinc and nickel also contribute to group earnings.

Glencore’s Australian copper smelting activities are separate from the Mount Isa underground copper mines, which closed in July 2025. The group completed the sale of Kidd in Canada in June 2026. Its copper growth plans include projects that have not yet entered production.

LSE

$96B

Diversified Major

  • Kamoto Copper Company 75% (DRC)
  • Mutanda 100% (DRC)
  • Collahuasi 44% (Chile)
  • Antamina 33.75% (Peru)
  • Antapaccay 100% (Peru)
  • Lomas Bayas 100% (Chile)
  • MARA 100% — development (Argentina)
  • El Pachón 100% — development (Argentina)

VALE3.SAB3 🇧🇷
Production
Production
$65B
Vale
HQ: 🇧🇷 Brazil Segment: Diversified Major Phase: Production Type: IOCG Porphyry Resource Country: 🇧🇷 Brazil 🇨🇦 Canada 🇮🇩 Indonesia
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Vale S.A. is a Brazilian mining group whose largest business is iron ore. Its copper exposure sits within Vale Base Metals, owned 90% by Vale and 10% by Manara Minerals. The copper portfolio includes Salobo and Sossego in Brazil, together with copper produced by Canadian operations.

Salobo is an iron oxide copper-gold deposit in the Carajás region. Vale Base Metals is pursuing expansions and additional Brazilian deposits, while Hu’u in Indonesia is a separate development opportunity.

B3

$65B

Diversified Major

  • Salobo (Brazil; IOCG, within Vale Base Metals)
  • Sossego (Brazil; IOCG, within Vale Base Metals)
  • Canadian copper operations (within Vale Base Metals)
  • Hu’u (Indonesia; development interest); Vale owns 90% of Vale Base Metals

AAL.LLSE 🇬🇧
Production
Production
$61B
Anglo American
HQ: 🇬🇧 United Kingdom Segment: Diversified Major Phase: Production Type: Porphyry Resource Country: 🇨🇱 Chile 🇵🇪 Peru 🇫🇮 Finland
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Anglo American plc is a mining group with copper interests in Chile and Peru and a portfolio being reshaped around copper, premium iron ore and crop nutrients. Its copper assets include Los Bronces, El Soldado, Quellaveco and its interest in the Collahuasi joint venture.

Anglo American and Teck agreed a merger in September 2025 that remains subject to outstanding conditions. Until completion, the companies remain separate listed entities and Anglo American does not own Teck’s mines. Portfolio disposals and the development of the Woodsmith fertilizer project also affect the group beyond copper.

LSE

$61B

Diversified Major

  • Quellaveco 60% (Peru)
  • Collahuasi 44% (Chile)
  • Los Bronces 50.1% (Chile)
  • El Soldado 50.1% (Chile)
  • Chagres smelter 50.1% (Chile)
  • Sakatti 100% — development (Finland)

ANTO.LLSE 🇬🇧
Production
Production
$52B
Antofagasta
HQ: 🇬🇧 United Kingdom Segment: Pure-Play Major Phase: Production Type: Porphyry Resource Country: 🇨🇱 Chile 🇺🇸 United States 🇵🇪 Peru
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Antofagasta plc is a London-listed copper producer operating in Chile through interests in Los Pelambres, Centinela, Antucoya and Zaldívar. Its mines also produce gold and molybdenum, and the group owns a Chilean transport business.

The company is expanding Centinela with a second concentrator, with commissioning expected in 2027, and is investing in infrastructure and longer-term growth at Los Pelambres. These projects add to operating mines but their planned capacity is separate from current production. Antofagasta also holds development interests outside Chile, including Twin Metals in the United States.

LSE

$52B

Pure-Play Major

  • Los Pelambres 60% (Chile)
  • Centinela 70% (Chile)
  • Antucoya 70% (Chile)
  • Zaldívar 50% (Chile)

3993.HKHKEX 🇨🇳
Production
Production
$45B
CMOC Group
HQ: 🇨🇳 China Segment: Diversified Major Phase: Production Resource Country: 🇨🇩 DRC
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CMOC Group Limited is listed in Hong Kong and Shanghai and produces copper and cobalt in the Democratic Republic of the Congo through Tenke Fungurume and Kisanfu. CMOC holds 80% of Tenke Fungurume and 71.25% of Kisanfu.

The group also produces molybdenum and tungsten in China and niobium and phosphate products in Brazil, and owns the IXM metals trading business. Its acquisition of four Brazilian gold operations completed in January 2026, expanding its exposure beyond copper and cobalt.

HKEX

$45B

Diversified Major

  • Tenke Fungurume Mine 80% (DRC)
  • Kisanfu Mine 71.25% (DRC)

TECK-B.TOTSX 🇨🇦
Production
Production
$34B
Teck Resources
HQ: 🇨🇦 Canada Segment: Diversified Major Phase: Production Type: Porphyry Skarn Resource Country: 🇨🇱 Chile 🇵🇪 Peru 🇨🇦 Canada 🇺🇸 United States 🇲🇽 Mexico
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Teck Resources Limited is a Canadian copper and zinc producer. Its copper interests include Highland Valley Copper in Canada, Quebrada Blanca and Carmen de Andacollo in Chile, and Antamina in Peru. Red Dog and Trail provide substantial zinc exposure.

Teck agreed in September 2025 to merge with Anglo American, subject to outstanding conditions. The merger has not made Anglo American’s operations part of Teck’s current portfolio. The selected Toronto ticker represents Class B subordinate-voting shares; Teck also has Class A common shares, while the New York listing represents the cross-listed Class B shares.

TSX

$34B

Diversified Major

  • Quebrada Blanca 60% (Chile)
  • Highland Valley Copper 100% (Canada)
  • Antamina 22.5% (Peru)
  • Carmen de Andacollo 100% (Chile)
  • Red Dog 100% — zinc (USA)
  • Trail Operations 100% — smelter (Canada)
  • Zafranal — development (Peru)
  • San Nicolás — development (Mexico)

FM.TOTSX 🇨🇦
Production
Production
$27B
First Quantum Minerals
HQ: 🇨🇦 Canada Segment: Mid-Tier Producer Phase: Production Type: Porphyry Sediment-hosted IOCG Resource Country: 🇿🇲 Zambia 🇲🇷 Mauritania 🇵🇦 Panama 🇦🇷 Argentina 🇵🇪 Peru
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First Quantum Minerals Ltd. is a Canadian copper producer with operating mines at Kansanshi and Sentinel in Zambia and Guelb Moghrein in Mauritania. Enterprise in Zambia adds nickel exposure. The Kansanshi S3 expansion entered commercial production in December 2025.

Cobre Panamá stopped mining in 2023. Authorized processing of existing stockpiles began in 2026, but this does not constitute approval to restart mining. First Quantum sold Çayeli in Türkiye and Cobre Las Cruces in Spain during the second quarter of 2026. Its development portfolio includes Taca Taca in Argentina and La Granja and Haquira in Peru.

TSX

$27B

Mid-Tier Producer

  • Kansanshi 80% (Zambia)
  • Sentinel 100% (Zambia)
  • Guelb Moghrein 100% (Mauritania)
  • Cobre Panamá 91% — P&SM, stockpile processing since Q2 2026 (Panama)
  • Taca Taca 100% — development (Argentina)
  • La Granja 55% — development (Peru)

LUN.TOTSX 🇨🇦
Production
Production
$22B
Lundin Mining
HQ: 🇨🇦 Canada Segment: Pure-Play Major Phase: Production Type: Porphyry IOCG Resource Country: 🇨🇱 Chile 🇧🇷 Brazil 🇦🇷 Argentina
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Lundin Mining Corporation is a Canadian copper producer with operations in Chile and Brazil. It holds 80% of Candelaria, 75% of Caserones and all of Chapada, with gold and molybdenum contributing alongside copper.

Its development portfolio includes a 50% interest in Vicuña with BHP and a 31% interest in Los Helados. The company’s recent disposals, including Eagle in January 2026, have increased its focus on South American copper. Production forecasts remain sensitive to operating conditions, including the severe winter weather reported in Chile in August 2026.

TSX

$22B

Pure-Play Major

  • Candelaria 80% (Chile)
  • Caserones 75% (Chile)
  • Chapada 100% (Brazil)
  • Vicuña JV 50% (Argentina/Chile)
  • Los Helados 30.9% (Chile)
  • Saúva — pre-feasibility (Brazil)

KGH.WAWSE 🇵🇱
Production
Production
$19B
KGHM
HQ: 🇵🇱 Poland Segment: Diversified Major Phase: Production Resource Country: 🇵🇱 Poland 🇨🇱 Chile 🇺🇸 United States 🇨🇦 Canada
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KGHM Polska Miedź S.A. is a Polish copper and silver producer listed in Warsaw. It operates underground mines and smelting and refining facilities in Poland and holds 55% of the Sierra Gorda copper-molybdenum mine in Chile. Its international portfolio also includes North American assets.

KGHM combines mining with downstream metal production, so group performance reflects ore grades, recovery, smelting conditions and silver prices as well as copper. Expansion work at Sierra Gorda is a joint-venture project; gross mine capacity and KGHM’s ownership-weighted share are different measures.

WSE

$19B

Diversified Major

  • Lubin Mine (Poland)
  • Polkowice-Sieroszowice Mine (Poland)
  • Rudna Mine (Poland)
  • Sierra Gorda 55% JV (Chile)
  • Robinson Mine (United States)
  • Carlota Mine (United States)
  • Victoria Project (Canada)

5713.TTSE 🇯🇵
Production
Production
$17B
Sumitomo Metal Mining
HQ: 🇯🇵 Japan Segment: Diversified Major Phase: Production Type: Porphyry IOCG Resource Country: 🇺🇸 United States 🇵🇪 Peru 🇨🇱 Chile 🇦🇺 Australia 🇨🇳 China 🇯🇵 Japan
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Sumitomo Metal Mining Co., Ltd. is a Japanese mining, smelting and materials company listed in Tokyo. Its copper exposure includes minority interests in Morenci, Cerro Verde, Quebrada Blanca, Candelaria and Northparkes, together with Japanese smelting and refining operations.

The company acquired a 30% interest in Rio Tinto’s Winu copper-gold development project in October 2025. Sumitomo Metal Mining and Sumitomo Corporation are separate listed companies. Gold, nickel and advanced materials also contribute to the business.

TSE

$17B

Diversified Major

  • Morenci 25% (USA)
  • Cerro Verde 16.8% (Peru)
  • Quebrada Blanca 25% (Chile)
  • Candelaria + Ojos del Salado 16% (Chile)
  • Northparkes 13.3% (Australia)
  • Toyo Smelter 100% (Japan)
  • Winu 30% — development (Australia)

BOL.STNasdaq Stockholm 🇸🇪
Production
Production
$16B
Boliden
HQ: 🇸🇪 Sweden Segment: Diversified Major Phase: Production Type: VMS Porphyry Resource Country: 🇸🇪 Sweden 🇫🇮 Finland 🇳🇴 Norway 🇵🇹 Portugal
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Boliden AB is a Swedish mining and smelting company producing copper, zinc and other metals. Its copper exposure includes mines such as Aitik and Kevitsa and smelting and recycling operations, while zinc and other products provide substantial diversification.

Boliden agreed in August 2026 to acquire a 64.68% controlling stake in Nexa Resources. Completion is expected in the first quarter of 2027 and remains subject to conditions. Nexa’s operations are therefore prospective additions rather than part of Boliden’s current operating portfolio.

Nasdaq Stockholm

$16B

Diversified Major

  • Aitik (Sweden)
  • Kevitsa (Finland)
  • Boliden Area (Sweden)
  • Neves Corvo/Somincor (Portugal)
  • Zinkgruvan (Sweden)
  • Rönnskär smelter (Sweden)
  • Harjavalta smelter (Finland)

0358.HKHKEX 🇨🇳
Production
Production
$16B
Jiangxi Copper
HQ: 🇨🇳 China Segment: Integrated Major Phase: Production Type: Porphyry Polymetallic Skarn Resource Country: 🇨🇳 China 🇪🇨 Ecuador
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Jiangxi Copper Company Limited is listed in Hong Kong and Shanghai. It operates copper mines, smelting, refining and fabrication businesses in China, including Dexing and Guixi, and processes substantial volumes of purchased material as well as its own mine output.

The group completed its acquisition of SolGold in March 2026, adding the Cascabel copper-gold development project in Ecuador. Jiangxi Copper Group is the listed company’s controlling parent. Its investment in First Quantum is an equity holding rather than direct ownership of First Quantum’s mines.

HKEX

$16B

Integrated Major

  • Guixi Smelter 930,000 t design capacity (Jiangxi, China)
  • Dexing Copper Mine 100% (Jiangxi — mining permit to July 2027)
  • Fujiawu Mining Area 100% (Jiangxi — mining permit to 2050)
  • Wushan Copper Mine 100% (Jiangxi — permit to Dec 2026)
  • Yinshan Mining 100% (Jiangxi — permit to Dec 2026)
  • Chengmenshan Copper Mine 100% (Jiangxi)
  • Yongping Copper Mine 100% (Jiangxi)
  • First Quantum Minerals 18.47%+ equity stake (Zambia/Panama/Canada)
  • SolGold plc 100% — Cascabel/Alpala project (Ecuador, acquired March 2026)

1208.HKHKEX 🇦🇺
Production
Production
$15B
MMG
HQ: 🇦🇺 Australia Segment: Diversified Major Phase: Production Type: Porphyry Skarn Resource Country: 🇵🇪 Peru 🇨🇩 DRC 🇧🇼 Botswana 🇦🇺 Australia 🇨🇦 Canada
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MMG Limited is a Hong Kong-listed base-metals producer controlled by China Minmetals. Its copper assets include a 62.5% interest in Las Bambas in Peru, Kinsevere in the Democratic Republic of the Congo and a 55% interest in Khoemacau in Botswana. Its Australian operations add zinc and lead exposure.

MMG is expanding Khoemacau, with additional planned capacity distinct from present output. The agreed acquisition of Anglo American’s Nickel Brazil business remains a separate transaction subject to outstanding approvals.

HKEX

$15B

Diversified Major

  • Las Bambas 62.5% (Peru)
  • Kinsevere 100% (DRC)
  • Khoemacau 55% (Botswana)
  • Dugald River 100% (Australia)
  • Rosebery 100% (Australia)
  • Izok Corridor 100% (Canada)
  • Nickel Brazil (pending acquisition, Brazil)

HBM.TOTSX 🇨🇦
Production
Production
$12B
Hudbay Minerals
HQ: 🇨🇦 Canada Segment: Mid-Tier Producer Phase: Production Type: Porphyry VMS IOCG Resource Country: 🇵🇪 Peru 🇨🇦 Canada 🇺🇸 United States
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Hudbay Minerals Inc. is a Canadian copper and gold producer with operations in Peru and Canada. Its portfolio includes Constancia, Copper Mountain and the Snow Lake operations, with gold contributing materially alongside copper.

Hudbay owns all of Copper Mountain and 70% of the Copper World development joint venture in Arizona, where Mitsubishi holds the remaining 30%. Its US development portfolio also includes Cactus. These projects are separate from current producing mines and require further development spending before contributing commercial copper output.

TSX

$12B

Mid-Tier Producer

  • Constancia 100% (Peru)
  • Snow Lake/Lalor 100% (Canada)
  • Copper Mountain 100% (Canada)
  • Copper World 70% — sanction pending (USA)
  • Cactus 100% (USA)
  • Mason 100% — PEA (USA)

IVN.TOTSX 🇨🇦
Production
Production
$12B
Ivanhoe Mines
HQ: 🇨🇦 Canada Segment: Diversified Major Phase: Production Type: Sediment-hosted Replacement Resource Country: 🇨🇩 DRC 🇿🇦 South Africa
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Ivanhoe Mines Ltd. is a Canadian mining company with a 39.6% interest in the Kamoa-Kakula copper complex in the Democratic Republic of the Congo. Kamoa-Kakula is a joint venture, so its full mine output is larger than Ivanhoe’s attributable share.

Ivanhoe’s portfolio also includes Kipushi in the DRC and Platreef in South Africa, adding zinc, platinum-group metals, nickel and other products. Platreef produced first concentrate in November 2025. Mine recovery, smelter ramp-up and development spending across these assets affect the company’s results alongside copper prices.

TSX

$12B

Diversified Major

  • Kamoa-Kakula 39.6% JV (DRC)
  • Kipushi 62% (DRC)
  • Platreef 64% (South Africa)
  • Western Forelands 54-100% — exploration (DRC)

NDA.DEXETRA 🇩🇪
Production
Production
$8.9B
Aurubis
HQ: 🇩🇪 Germany Segment: Smelter / Refiner / Recycler Phase: Production Resource Country: 🇩🇪 Germany Bulgaria 🇧🇪 Belgium 🇺🇸 United States
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Aurubis AG is a German metals processor that smelts copper concentrates and recycles metal-bearing materials. It produces refined copper and other metals and manufactures copper products, with operations in Europe and the United States. It does not own copper mines.

Earnings depend on processing terms, recycling margins, metal recovery, product premiums and operating costs. Aurubis is ramping up its Richmond recycling plant in the United States and commissioning additional capacity at Pirdop in Bulgaria. These operating transitions can affect costs and output independently of the copper price.

XETRA

$8.9B

Smelter / Refiner / Recycler

  • Pirdop primary smelter (Bulgaria)
  • Hamburg smelter, products & recycling site (Germany)
  • Lünen recycling site (Germany)
  • Aurubis Richmond (USA)
  • Complex Recycling Hamburg (CRH)

CS.TOTSX 🇨🇦
Production
Production
$8.3B
Capstone Copper
HQ: 🇨🇦 Canada Segment: Mid-Tier Producer Phase: Production Type: Porphyry IOCG Resource Country: 🇨🇱 Chile 🇲🇽 Mexico 🇺🇸 United States
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Capstone Copper Corp. produces copper in Chile, Mexico and the United States. Its operating portfolio comprises Mantoverde, Mantos Blancos, Cozamin and Pinto Valley. Capstone holds 70% of Mantoverde and all of the other three operations.

Its principal development project is Santo Domingo in Chile, in which it holds 75%. Santo Domingo remains subject to a final investment decision. Capstone’s growth program combines optimization of operating mines with a separate development project; projected new capacity is not current production.

TSX

$8.3B

Mid-Tier Producer

  • Mantoverde 70% (Chile)
  • Mantos Blancos 100% (Chile)
  • Pinto Valley 100% (USA)
  • Cozamin 100% (Mexico)
  • Santo Domingo 75% under development (Chile)

SFR.AXASX 🇦🇺
Production
Production
$7.6B
Sandfire Resources
HQ: 🇦🇺 Australia Segment: Pure-Play Producer Phase: Production Resource Country: 🇪🇸 Spain 🇧🇼 Botswana 🇦🇺 Australia 🇺🇸 United States
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Sandfire Resources Limited is an Australian-listed copper producer operating MATSA in Spain and Motheo in Botswana. MATSA also produces zinc and lead, while Motheo produces copper concentrate. DeGrussa in Western Australia has ceased production.

Sandfire’s development exposure includes Black Butte in Montana through its controlling interest in Sandfire Resources America. Black Butte is permitted but undeveloped. The company also has an exclusive right relating to an 80% acquisition of Kalkaroo in South Australia; that right should be distinguished from a completed asset acquisition.

ASX

$7.6B

Pure-Play Producer

  • MATSA 100% (Spain)
  • Motheo (Botswana)
  • Black Butte (Montana — 87% stake in Sandfire Resources America, which owns 100%)
  • Kalkaroo (South Australia — exclusive right to acquire 80%, not yet exercised)

HINDCOPPER.NSNSE 🇮🇳
Production
Production
$5.2B
Hindustan Copper
HQ: 🇮🇳 India Segment: Mid-Tier Producer Phase: Production Resource Country: 🇮🇳 India
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Hindustan Copper Limited is an Indian government-controlled company whose current business centers on copper mining and beneficiation. Its operations include Malanjkhand in Madhya Pradesh, Khetri in Rajasthan and the Indian Copper Complex in Jharkhand. Copper concentrate is its principal product.

The company is expanding mine capacity and developing underground operations. Historical smelting and refining facilities form part of its industrial footprint, but they should not be treated as evidence of current integrated copper-metal production. Mine-development targets are separate from achieved ore output.

NSE

$5.2B

Mid-Tier Producer

  • Malanjkhand Copper Project — MCP, Madhya Pradesh (25 lakh tpa ore milling; underground mine ramping from 2.5 to 5.0 MTPA)
  • Khetri Copper Complex — KCC, Rajasthan (18 lakh tpa ore milling; 1.0→3.0 MTPA expansion planned)
  • Indian Copper Complex — ICC, Jharkhand (4 lakh tpa ore milling; 18,500 tpa refined copper; Rakha mine reopening via MDO)
  • Taloja Copper Project — TCP, Maharashtra (60,000 tpa continuous-cast wire rod, tolling operation)
  • Gujarat Copper Project — GCP, Jhagadia (50,000 tpa refined copper, secondary smelting/refining JV)

NGEX.TOTSX 🇨🇦
Exploration
Exploration
$4.0B
NGEx Minerals
HQ: 🇨🇦 Canada Segment: Junior / Developer Phase: Exploration Type: Porphyry High-sulfidation epithermal Resource Country: 🇦🇷 Argentina 🇨🇱 Chile
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NGEx Minerals Ltd. is a Canadian explorer focused on Lunahuasi in Argentina and its majority interest in Los Helados in Chile. Lunahuasi contains high-grade copper-gold-silver mineralization associated with an epithermal system, while Los Helados is a large porphyry copper-gold deposit.

The company is drilling and evaluating these projects and has no commercial mine production. In August 2026 it proposed spinning out the Valle Ancho project into a separate company. That transaction remains distinct from the exploration progress at Lunahuasi and Los Helados.

TSX

$4.0B

Junior / Developer

  • Lunahuasi 100% — exploration (Argentina)
  • Los Helados ~69% — resource definition (Chile)
  • Valle Ancho 100% — exploration (Argentina)
  • La Rioja Properties 60% — exploration (Argentina)

ERO.TOTSX 🇨🇦
Production
Production
$3.6B
Ero Copper
HQ: 🇨🇦 Canada Segment: Mid-Tier Producer Phase: Production Type: IOCG Resource Country: 🇧🇷 Brazil
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Ero Copper Corp. is a Canadian-listed copper and gold producer operating in Brazil. Its copper businesses are the Caraíba operations in Bahia and Tucumã in Pará, while Xavantina is a separate gold operation in Mato Grosso.

Ero is also advancing Furnas under an agreement to earn a 60% interest from Vale Base Metals. The earn-in is subject to spending and other contractual requirements. Production ramp-up and underground development at its operating assets affect copper output, while Xavantina provides a distinct source of gold revenue.

TSX

$3.6B

Mid-Tier Producer

  • Caraíba Operations 99.6% (Brazil)
  • Tucumã Operation 99.6% (Brazil)
  • Xavantina 97.6% — gold (Brazil)
  • Furnas 60% earn-in — development (Brazil)

TKO.TOTSX 🇨🇦
Production
Production
$3.1B
Trekor Metals
HQ: 🇨🇦 Canada Segment: Mid-Tier Producer Phase: Production Type: Porphyry Resource Country: 🇨🇦 Canada 🇺🇸 United States
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Trekor Metals Limited, formerly Taseko Mines, is a North American copper producer. It operates Gibraltar in British Columbia and is ramping up Florence Copper in Arizona, where in-situ recovery and solvent extraction/electrowinning produce copper cathode.

The development portfolio includes Yellowhead and New Prosperity in British Columbia and the Aley niobium project. These assets are separate from current copper production. The company trades as TKO in Toronto and London and TGB on NYSE American.

TSX

$3.1B

Mid-Tier Producer

  • Gibraltar 100% (Canada)
  • Florence Copper 100% (USA)
  • Yellowhead 100% — development (Canada)
  • New Prosperity 77.5% (Canada)
  • Aley niobium 100% — development (Canada)

ATYM.LLSE 🇪🇸
Production
Production
$2.2B
Atalaya Mining
HQ: 🇪🇸 Spain Segment: Pure-Play Producer Phase: Production Resource Country: 🇪🇸 Spain
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Atalaya Mining Copper, S.A. is a London-listed copper producer operating Proyecto Riotinto in southwestern Spain. It mines and processes sulfide ore to produce copper concentrate and is advancing additional Spanish deposits and processing technology.

Its growth portfolio includes Proyecto Masa Valverde and other resources around Riotinto, while Proyecto Touro is a separate development project in Galicia. Expansion studies, permits and investment decisions determine when these projects can add production. The operating Riotinto business remains distinct from future project capacity.

LSE

$2.2B

Pure-Play Producer

  • Proyecto Riotinto (Spain)
  • San Dionisio deposit (Spain)
  • Proyecto Masa Valverde (Spain)
  • Proyecto Touro (Spain)

IENYSE American 🇺🇸
Development
Development
$1.6B
Ivanhoe Electric
HQ: 🇺🇸 United States Segment: Junior / Developer Phase: Development Type: Porphyry Resource Country: 🇺🇸 United States 🇸🇦 Saudi Arabia 🇨🇱 Chile
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Ivanhoe Electric Inc. is a US mineral explorer and developer advancing Santa Cruz in Arizona and using its Typhoon geophysical technology to identify additional deposits. Santa Cruz has a pre-feasibility study for an underground copper mine with a leaching and cathode-production process.

The company also participates in exploration ventures outside the United States. Santa Cruz has not entered commercial production. Its development schedule depends on permits, financing and a construction decision; preliminary export-credit indications are not binding project-finance commitments.

NYSE American

$1.6B

Junior / Developer

  • Santa Cruz Copper Project 100% (USA)
  • Tintic 100% — exploration (USA)
  • Hog Heaven 100% — exploration (USA)
  • Ma’aden JV 50% — exploration (Saudi Arabia)

SLS.TOTSX 🇨🇭
Development
Development
$1.4B
Solaris Resources
HQ: 🇨🇭 Switzerland Segment: Junior / Developer Phase: Development Type: Porphyry Resource Country: 🇪🇨 Ecuador
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Solaris Resources Inc. is a copper-gold developer advancing the Warintza project in southeastern Ecuador. The project has a pre-feasibility study and remains in permitting and development rather than commercial production.

Warintza’s proposed mine plan and capital cost are study estimates. Building the project will require further approvals, funding and an investment decision. Financing agreements signed to support development have conditions and should be distinguished from a fully funded construction package.

TSX

$1.4B

Junior / Developer

  • Warintza Project 100% — PFS & maiden reserve complete, EIA technical approval received (Ecuador)
  • ENAMI EP option package ~80,000 ha — adjacent exploration ground (Ecuador)
  • La Verde 60% JV with Teck Resources (Mexico)
  • Tamarugo 100% — exploration (Chile)
  • Capricho & Paco Orco — earn-in exploration (Peru)

III.TOTSX 🇨🇦
Production
Production
$1.2B
Imperial Metals
HQ: 🇨🇦 Canada Segment: Mid-tier / Producer Phase: Production Resource Country: 🇨🇦 Canada
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Imperial Metals Corporation is a TSX-listed copper producer with operations in British Columbia, Canada. The company holds a 30% joint-venture interest in the Red Chris copper-gold mine in northwest BC, operated by 70% partner Newmont Corporation, and wholly owns the Mount Polley copper-gold mine. Imperial also holds the Huckleberry copper mine on care and maintenance.

TSX

$1.2B

Mid-tier / Producer

Red Chris Cu-Au mine 30% JV (Newmont 70%, northwest BC); Mount Polley Cu-Au mine 100% (BC)

FDY.TOTSX 🇨🇦
Development
Development
$1.1B
Faraday Copper
HQ: 🇨🇦 Canada Segment: Junior / Developer Phase: Development Resource Country: 🇺🇸 United States
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Faraday Copper Corp. is a Canadian copper developer focused on Copper Creek in Arizona. It is evaluating a project that combines open-pit and underground development opportunities and has no commercial mine production.

Faraday agreed in July 2026 to acquire BHP’s San Manuel property, and shareholders subsequently approved the related share issuance. Completion remains a separate transaction milestone. San Manuel could add regional infrastructure and development options, but neither the agreement nor shareholder approval establishes new copper production.

TSX

$1.1B

Junior / Developer

Copper Creek 100% — copper porphyry (Arizona, USA)

FFM.AXASX 🇦🇺
Development
Development
$991M
FireFly Metals
HQ: 🇦🇺 Australia Segment: Junior / Developer Phase: Development Resource Country: 🇨🇦 Canada
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FireFly Metals Limited is an Australian-listed copper-gold developer advancing Green Bay in Newfoundland and Labrador, Canada. The project includes the former Ming underground mine and associated infrastructure.

The company is drilling and updating the resource as part of evaluating a future restart and expansion. Green Bay is not currently a commercial producing mine, and a mineral resource estimate does not establish an economic reserve or a funded mine plan. Development studies and an investment decision will determine the restart scope.

ASX

$991M

Junior / Developer

Green Bay copper-gold project 100% — VMS system incl. Ming Mine (Newfoundland, Canada)

VISC.STNasdaq Stockholm 🇸🇪
Development
Development
$966M
Viscaria
HQ: 🇸🇪 Sweden Segment: Junior / Developer Phase: Development Resource Country: 🇸🇪 Sweden
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Gruvaktiebolaget Viscaria is a Swedish company working to reopen the Viscaria copper mine near Kiruna. Its shares trade on Nasdaq Stockholm. The project is in development, with mine and processing infrastructure work advancing ahead of planned production.

The company reported no net sales for the second quarter of 2026 and targets a restart in 2027. That target is a future operating milestone, not evidence of present commercial production. Construction progress, funding and commissioning will determine the eventual ramp-up.

Nasdaq Stockholm

$966M

Junior / Developer

Viscaria copper mine (Kiruna, Lapland, Sweden)

ARG.TOTSX 🇨🇦
Production
Production
$941M
Amerigo Resources
HQ: 🇨🇦 Canada Segment: Tailings Processor Phase: Production Resource Country: 🇨🇱 Chile
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Amerigo Resources Ltd. operates Minera Valle Central in Chile, recovering copper and molybdenum from fresh and historical tailings from Codelco’s El Teniente mine. Amerigo owns the processing business, not El Teniente.

MVC operates under long-term agreements with Codelco. Its earnings depend on metal prices, tailings availability and grades, recovery rates, processing costs and contractual payments. The company provides producing copper exposure through tailings recovery rather than conventional ownership and mining of an orebody.

TSX

$941M

Tailings Processor

  • Minera Valle Central — El Teniente tailings (Chile)
  • Cauquenes historic tailings (Chile)
  • Colihues historic tailings (Chile)

NDM.TOTSX 🇨🇦
Development
Development
$830M
Northern Dynasty Minerals
HQ: 🇨🇦 Canada Segment: Junior / Developer Phase: Development Resource Country: 🇺🇸 United States
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Northern Dynasty Minerals Ltd. owns the Pebble copper-gold-molybdenum project in southwest Alaska. Pebble is undeveloped and has no commercial production.

A US Environmental Protection Agency determination issued in 2023 restricts the disposal of mine waste in the Pebble deposit area and prevents the proposed development from proceeding under that plan. Northern Dynasty is challenging the decision in court. The project’s large mineral resource does not constitute an authorized, financed or operating mine.

TSX

$830M

Junior / Developer

Pebble copper-gold-molybdenum project (Alaska, United States; undeveloped; proposed mine blocked by EPA determination, under legal challenge)

MARI.TOTSX 🇨🇦
Development
Development
$785M
Marimaca Copper
HQ: 🇨🇦 Canada Segment: Junior / Developer Phase: Development Resource Country: 🇨🇱 Chile
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Marimaca Copper Corp. is a copper developer advancing the Marimaca Oxide Deposit in Chile’s Antofagasta region. Its development plan uses leaching and solvent extraction/electrowinning to produce copper cathode.

The project has a definitive feasibility study and environmental approval, while the company works toward a final investment decision and construction funding. Marimaca also explores nearby targets. It has no current commercial mine production, and the study’s planned output remains a development estimate.

TSX

$785M

Junior / Developer

Marimaca Oxide Deposit 100% (Chile)

ATX.TOTSX 🇨🇦
Exploration
Exploration
$684M
Atex Resources
HQ: 🇨🇦 Canada Segment: Junior / Developer Phase: Exploration Resource Country: 🇨🇱 Chile
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ATEX Resources Inc. is a Canadian copper-gold explorer that owns the Valeriano project in Chile. Valeriano contains a large porphyry system, and the company is drilling to improve its geological understanding and mineral resource estimate.

The project is at the exploration and resource-definition stage, with no commercial production. Reported indicated and inferred mineral resources are distinct from mineable reserves and do not establish a completed feasibility study or construction decision.

TSX

$684M

Junior / Developer

Valeriano copper-gold porphyry 100% (Atacama Region, Chile)

TMQ.TOTSX 🇨🇦
Development
Development
$575M
Trilogy Metals
HQ: 🇨🇦 Canada Segment: Junior / Developer Phase: Development Resource Country: 🇺🇸 United States
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Trilogy Metals Inc. holds a 50% interest in Ambler Metals, a joint venture with South32 that owns the Arctic and Bornite projects in Alaska. Arctic is a polymetallic development project, while Bornite provides additional copper exploration and development exposure.

The projects have no commercial production and depend on access infrastructure, permits, financing and investment decisions. Trilogy signed definitive agreements for a strategic US government equity investment in August 2026, with closing expected in September. Signing the agreements does not establish that the investment has closed.

TSX

$575M

Junior / Developer

Upper Kobuk Mineral Projects — Arctic and Bornite (Alaska, USA) via 50/50 JV with South32

WRN.TOTSX 🇨🇦
Development
Development
$539M
Western Copper and Gold
HQ: 🇨🇦 Canada Segment: Junior / Developer Phase: Development Resource Country: 🇨🇦 Canada
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Western Copper and Gold Corporation is a Canadian developer that owns the Casino copper-gold project in Yukon through its subsidiary. Casino has a feasibility study and is progressing through environmental assessment and project engineering.

Rio Tinto and Mitsubishi Materials are investors in Western Copper and Gold; those shareholdings are distinct from direct ownership of the Casino project. Casino has no commercial production. Its development requires approvals, financing, infrastructure and a final investment decision.

TSX

$539M

Junior / Developer

Casino 100% — copper-gold-molybdenum porphyry (Yukon, Canada)

A1M.AXASX 🇦🇺
Production
Production
$484M
AIC Mines
HQ: 🇦🇺 Australia Segment: Mid-tier / Producer Phase: Production Resource Country: 🇦🇺 Australia
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AIC Mines Limited is an Australian copper-gold producer operating the Eloise underground mine and processing plant in Queensland. It is developing the nearby Jericho deposit to supply additional ore to the expanded Eloise plant.

Development ore from Jericho has already been processed, including a 12,000-tonne batch reported by the company. This early ore contribution is separate from completion of the full expansion and commissioning program. AIC’s current production classification rests on Eloise, while Jericho adds a development and ramp-up component.

ASX

$484M

Mid-tier / Producer

Eloise copper mine 100% (northwest Queensland, Australia)

REG.VTSXV 🇨🇦
Exploration
Exploration
$448M
Regulus Resources
HQ: 🇨🇦 Canada Segment: Junior / Developer Phase: Exploration Resource Country: 🇵🇪 Peru
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Regulus Resources Inc. is a Canadian explorer advancing AntaKori in Peru, adjacent to the Coimolache operation. It is assessing how the copper-gold mineralization could fit into a larger development concept with neighbouring resources.

An integrated mineral resource estimate was completed for internal evaluation in June 2026. Its publication requires agreement between the participating parties, and it is not a published economic study or mine-development decision. Regulus has no commercial production from AntaKori.

TSXV

$448M

Junior / Developer

AntaKori copper-gold-molybdenum porphyry (Cajamarca, Peru)

ALDE.VTSXV 🇨🇦
Development
Development
$408M
Aldebaran Resources
HQ: 🇨🇦 Canada Segment: Junior / Developer Phase: Development Resource Country: 🇦🇷 Argentina
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Aldebaran Resources Inc. holds 80% of the Altar copper-gold project in Argentina, with Sibanye-Stillwater holding the remaining 20%. Altar has a preliminary economic assessment and is being advanced toward a pre-feasibility study. It has no commercial production.

Aldebaran completed the spin-out of Centauri Minerals in August 2026 and retained approximately 27.9% of Centauri’s issued shares at completion. That investment is separate from Altar. The PEA’s production and economic estimates describe a proposed project rather than an operating mine.

TSXV

$408M

Junior / Developer

Altar copper-gold porphyry 80% (San Juan, Argentina)

CAML.LLSE 🇬🇧
Production
Production
$401M
Central Asia Metals
HQ: 🇬🇧 United Kingdom Segment: Mid-tier / Producer Phase: Production Resource Country: 🇰🇿 Kazakhstan
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Central Asia Metals plc is a London-listed metals producer. Its Kounrad operation in Kazakhstan recovers copper from historical waste dumps using leaching and solvent extraction/electrowinning. The company also owns the Sasa zinc-lead mine in North Macedonia.

CAML agreed in June 2026 to acquire Cygnus Metals, which would add copper development exposure in Canada. The transaction remains subject to the scheme process and completion conditions. Cygnus assets are prospective additions and should not yet be presented as CAML-owned producing operations.

LSE

$401M

Mid-tier / Producer

Kounrad SX-EW copper operation 100% (Kazakhstan); Sasa zinc-lead mine 100% (North Macedonia)

LA.VTSXV 🇨🇦
Development
Development
$293M
Los Andes Copper
HQ: 🇨🇦 Canada Segment: Junior / Developer Phase: Development Resource Country: 🇨🇱 Chile
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Los Andes Copper Ltd. is a Canadian developer focused on the Vizcachitas copper-molybdenum project in central Chile. The project has a pre-feasibility study for a proposed open-pit mine and processing operation.

The company is advancing engineering and environmental work. Vizcachitas has no commercial production, and its planned output and economics depend on approvals, financing and a construction decision. Mineral resources, reserves defined within the study and projected production should be read as separate measures.

TSXV

$293M

Junior / Developer

Vizcachitas copper porphyry 100% (Valparaíso Region, Chile)

HCH.AXASX 🇦🇺
Development
Development
$234M
Hot Chili
HQ: 🇦🇺 Australia Segment: Junior / Developer Phase: Development Resource Country: 🇨🇱 Chile
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Hot Chili Limited is an Australian and Canadian-listed copper-gold developer focused on Costa Fuego in Chile. The development concept combines Cortadera, Productora and nearby deposits, with a pre-feasibility study and continuing environmental and infrastructure work.

The company is assessing the La Verde discovery as part of further project studies. Costa Fuego has no commercial copper production. Project design, ownership interests, permits and funding will determine the eventual scale and timing of development.

ASX

$234M

Junior / Developer

Costa Fuego copper-gold project (Huasco, Chile)
Project phaseProductionDevelopmentExploration
Currency conversion rates
FX rates — September 7, 2026: 🇦🇺 USDAUD 1.385  ·  🇧🇷 USDBRL 5.126  ·  🇨🇦 USDCAD 1.382  ·  🇪🇺 EURUSD 1.163  ·  🇬🇧 GBPUSD 1.354  ·  🇭🇰 USDHKD 7.840  ·  🇮🇳 USDINR 94.47  ·  🇯🇵 USDJPY 154.4  ·  🇵🇱 USDPLN 3.708  ·  🇸🇪 USDSEK 9.593

Useful resources

IEA · 2026

Copper

Global Critical Minerals Outlook 2026

Copper demand, mine supply concentration and refining capacity.

Read IEA outlook ↗

List Updates

Additions, removals and corrections are logged here as they happen. Market-cap data last refreshed September 7, 2026. Full changelog across all lists →

±

Name ChangeJun 25, 2026
Taseko Mines rebranded to Trekor Metals Limited effective June 25, 2026; ticker (TKO) is unchanged on the TSX, NYSE American, and LSE.

AcquisitionApr 14, 2026
Foran Mining was delisted from the TSX following its $3.8 billion acquisition by Eldorado Gold.

AcquisitionMar 10, 2026
Alta Copper was delisted as it became a wholly-owned subsidiary of Fortescue.

AcquisitionMar 5, 2026
SolGold was delisted from the London Stock Exchange following a court-approved cash takeover by Jiangxi Copper.

AcquisitionOct 24, 2025
MAC Copper was delisted from the NYSE and ASX following its approximately $1.01 billion acquisition by South African miner Harmony Gold.

AcquisitionOct 21, 2025
Horizon Copper was delisted from the TSX Venture Exchange following its acquisition by Royal Gold.

AcquisitionAug 1, 2025
Xanadu Mines was delisted from the TSX following its acquisition by Bastion Mining.

AcquisitionJan 17, 2025
Filo Corp. was delisted from the TSX and Nasdaq First North following its $4.5 billion acquisition by BHP and Lundin Mining.

Copper Stocks — Investor FAQ

Copper-focused companies concentrate their assets and investment on copper, although gold, molybdenum or other metals may contribute materially. Diversified miners also operate substantial businesses in other commodities. A label alone does not measure copper-price sensitivity: revenue, operating earnings and joint-venture accounting can give different pictures. Compare the latest segment results and ownership interests before treating a company as a pure copper exposure.
Compare the type of exposure first: operating mines, metals processing and pre-production projects have different economics. For producers, examine attributable output, costs, debt and sustaining investment. For developers, examine study maturity, permits, infrastructure and construction funding. Market capitalization helps compare company size, but it does not measure the value of copper assets alone.
An individual copper stock exposes an investor to one company’s assets, financing and management. A copper-mining equity ETF holds a basket of companies, while a copper-futures fund obtains commodity exposure through futures contracts. Holdings, fees, currency exposure and futures roll mechanics can affect returns. The fund’s prospectus and current holdings determine what exposure it provides.
Pre-production companies on this list include Ivanhoe Electric, Solaris, Marimaca, Western Copper and Gold, Aldebaran and Los Andes Copper. Their projects range from technical studies and permitting to preparation for construction. NGEx, ATEX and Regulus remain primarily exploration or resource-definition exposures. Northern Dynasty’s Pebble project faces a specific regulatory block and legal challenge. None of these classifications is a guarantee that a mine will be built.
Global copper mine production is concentrated in a small number of jurisdictions, led by Chile, followed by the Democratic Republic of Congo, Peru, China and the United States, per the U.S. Geological Survey’s annual Mineral Commodity Summaries. Chile, the Democratic Republic of the Congo and Peru are major sources of mined copper, with China and the United States also significant producers. The USGS Mineral Commodity Summaries 2026 reports estimates for 2025; these are not 2026 production results. Mine location, smelting location, company headquarters and the exchange where shares trade describe different geographical exposures.
Copper carries electricity in power grids, motors, renewable-energy equipment, electric vehicles and buildings. Electrification and grid expansion increase demand, alongside established industrial uses. In its Global Critical Minerals Outlook 2026, the IEA projects further demand growth under its stated-policy scenario. Those projections depend on policy, technology and investment assumptions and are distinct from estimates of future mine-supply gaps.

Research these 46 copper stocks further

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Key Terms
Full Glossary →

C1 cash cost is an issuer-defined measure of the cost of producing a unit of copper, commonly after credits for by-products. It can include mining, processing, transport and treatment charges, but the treatment of taxes, royalties and administrative costs varies. Compare the company’s reconciliation and production denominator before comparing C1 figures. C1 excludes some costs needed to sustain the business and is not the same as profit or free cash flow.
Attributable production is the portion of a mine’s output corresponding to a company’s economic ownership interest under the reporting basis used. It differs from full mine output. For example, a 30% owner’s simple equity share of 100,000 tonnes would be 30,000 tonnes. Company reporting may also distinguish operated output, consolidated output and sales, so the relevant ownership date and accounting basis matter.
Treatment and refining charges are payments for converting copper concentrate into refined metal. Terms depend on concentrate quality, contract conditions and the balance between available concentrate and processing capacity. Concentrate sellers may also face deductions for impurities and non-payable metal. A company processing its own concentrate avoids an external fee on that material but still incurs smelting, refining and capital costs.
Copper concentrate is an intermediate product made by concentrating copper-bearing minerals from ore, commonly through crushing, grinding and flotation. Its copper content varies with the deposit and processing route. Smelters process concentrate into intermediate copper products and ultimately refined metal. The seller’s proceeds reflect payable metal, treatment and refining charges, impurities and other contract terms.
Copper cathode is refined copper deposited as metal sheets by electrorefining or electrowinning. Cathode can be made from smelted material or copper-bearing leach solutions. Exchange-deliverable copper must meet the relevant chemical, shape and approved-brand requirements. Producing cathode avoids selling concentrate to a third-party smelter, but the producer still bears the costs of its own processing route.
Solvent extraction and electrowinning, or SX-EW, recover copper from a copper-bearing solution. Solvent extraction concentrates and purifies the dissolved copper; electrowinning then deposits it as cathode. The solution is produced by a preceding leaching step, which can involve heaps, dumps or in-situ recovery. Ore mineralogy and leaching conditions determine suitability; the process is not limited to oxide deposits.
Porphyry copper deposits are large mineralized systems associated with intrusive rocks, often containing copper together with gold or molybdenum. Mineralization may be disseminated through rock or concentrated in veins. These deposits can support open-pit or underground mines, depending on their geometry, depth and economics. Deposit type alone does not establish grade, reserves or a viable mine plan.
Iron oxide copper-gold, or IOCG, deposits contain abundant iron oxides with copper and commonly gold. Some also contain uranium or other metals. Olympic Dam in Australia and Salobo in Brazil are important examples. IOCG deposits vary in geology, grade and mining method; the label does not imply that a deposit is an open-pit project or economically developable.
Production means the company has an operating mining or processing business producing the relevant commodity. Development covers projects in studies, permitting, financing or construction; it does not mean construction is approved. Exploration covers geological investigation and resource definition. A company may own assets at several stages. Commissioning, ramp-up, care and maintenance, and regulatory blocks should be identified separately in the asset description.

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