Has the Australian Copper Industry valuation changed over the past few years?

Investors are optimistic on the Australian Copper industry, and appear confident in long term growth rates. The industry is trading at a PE ratio of 63.0x which is higher than its 3-year average PE of -0.24x. The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 5.1x.

How does Australian Copper compare with similar industries?

There are no additional sub-industries under this industry.

Australian (ASX) Copper Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 17 Jun 2026	AU$13.2b	AU$2.6b	AU$209.2m	50.2x	63x	5.1x
Fri, 15 May 2026	AU$12.9b	AU$2.5b	AU$204.7m	48.6x	62.9x	5.1x
Sun, 12 Apr 2026	AU$9.7b	AU$2.6b	AU$215.5m	41.7x	45x	3.7x
Tue, 10 Mar 2026	AU$8.9b	AU$2.6b	AU$196.2m	37x	45.5x	3.4x
Thu, 05 Feb 2026	AU$11.0b	AU$2.4b	AU$105.1m	42.7x	105x	4.5x
Sat, 03 Jan 2026	AU$9.9b	AU$2.5b	AU$111.7m	37.2x	88.5x	3.9x
Mon, 01 Dec 2025	AU$8.5b	AU$2.5b	AU$114.6m	31.8x	74x	3.3x
Wed, 29 Oct 2025	AU$9.6b	AU$3.0b	AU$28.7m	30.6x	334.3x	3.2x
Fri, 26 Sep 2025	AU$7.2b	AU$2.5b	AU$107.8m	26.7x	66.5x	2.8x
Sun, 24 Aug 2025	AU$6.1b	AU$2.3b	AU$72.1m	24.4x	84.3x	2.6x
Tue, 22 Jul 2025	AU$5.6b	AU$2.3b	AU$71.6m	22.9x	78.9x	2.4x
Thu, 19 Jun 2025	AU$5.9b	AU$2.3b	AU$72.1m	23.3x	81.4x	2.5x
Sat, 17 May 2025	AU$5.4b	AU$2.3b	AU$73.5m	21.5x	73.3x	2.3x
Mon, 14 Apr 2025	AU$4.6b	AU$2.4b	AU$76.3m	18.5x	60.6x	1.9x
Wed, 12 Mar 2025	AU$5.2b	AU$2.4b	AU$97.0m	20.4x	54.1x	2.2x
Fri, 07 Feb 2025	AU$5.3b	AU$2.1b	-AU$111,036,990.80	n/a	-47.3x	2.5x
Sun, 05 Jan 2025	AU$4.8b	AU$2.1b	-AU$111,250,371.20	n/a	-43.2x	2.3x
Tue, 03 Dec 2024	AU$5.3b	AU$2.0b	-AU$110,074,176.80	n/a	-48.5x	2.6x
Thu, 31 Oct 2024	AU$5.2b	AU$2.0b	-AU$92,520,951.60	n/a	-56.3x	2.7x
Sat, 28 Sep 2024	AU$5.4b	AU$1.9b	-AU$91,107,468.00	n/a	-59.4x	2.8x
Mon, 26 Aug 2024	AU$4.5b	AU$1.8b	-AU$269,769,237.00	n/a	-16.7x	2.6x
Wed, 24 Jul 2024	AU$4.3b	AU$1.8b	-AU$272,703,840.00	n/a	-15.9x	2.4x
Fri, 21 Jun 2024	AU$4.6b	AU$1.8b	-AU$271,888,672.50	n/a	-16.8x	2.6x
Sun, 19 May 2024	AU$5.1b	AU$1.8b	-AU$271,477,207.00	n/a	-18.7x	2.9x
Tue, 16 Apr 2024	AU$4.7b	AU$1.8b	-AU$275,281,322.00	n/a	-17.1x	2.6x
Thu, 14 Mar 2024	AU$4.0b	AU$1.8b	-AU$273,437,134.00	n/a	-14.5x	2.2x
Sat, 10 Feb 2024	AU$3.5b	AU$1.9b	-AU$264,106,416.80	n/a	-13.4x	1.9x
Mon, 08 Jan 2024	AU$13.0b	AU$3.7b	-AU$54,392,660.00	45.6x	-239.2x	3.5x
Wed, 06 Dec 2023	AU$12.7b	AU$3.8b	-AU$56,197,820.00	45.6x	-225.2x	3.4x
Fri, 03 Nov 2023	AU$12.6b	AU$3.8b	-AU$57,714,154.00	45.6x	-217.9x	3.3x
Sun, 01 Oct 2023	AU$12.7b	AU$3.8b	-AU$57,827,622.00	45.6x	-219.7x	3.3x
Tue, 29 Aug 2023	AU$12.8b	AU$4.1b	AU$144.4m	54.3x	88.9x	3.2x
Thu, 27 Jul 2023	AU$12.9b	AU$4.0b	AU$142.0m	54.6x	90.6x	3.2x
Sat, 24 Jun 2023	AU$12.8b	AU$4.0b	AU$142.5m	54x	90x	3.2x


AU Market	3.00%
Materials	4.77%
Metals and Mining	4.76%
Copper	6.76%
Silver	9.41%
Gold	5.43%
Diversified Metals and Mining	5.17%
Steel	1.63%
Aluminum	0.50%
Precious Metals and Minerals	-2.70%

Company	Last Price	7D	1Y	Valuation
SFR Sandfire Resources	AU$20.88	11.8% +AU$1.0b	76.9%	PE50.2x
FFM FireFly Metals	AU$2.03	6.0% +AU$88.4m	92.4%	PB3.2x
AIS Aeris Resources	AU$0.42	9.1% +AU$41.9m	154.5%	PE7.9x
CYM Cyprium Metals	AU$0.41	13.9% +AU$28.9m	41.4%	PB1.5x
HGO Hillgrove Resources	AU$0.053	6.0% +AU$10.6m	35.9%	PE2033.8x

Announcement • 6h

Hot Chili Limited Reports Strong Copper-Gold Drill Results at La Verde Project

Hot Chili Limited has provided further positive drilling results from its La Verde Cu-Au porphyry discovery, located 30 km south of the Company's Costa Fuego Cu-Au Project planned central processing hub in Chile's coastal Atacama region. Diamond drill hole DKD044 was collared on the western side of La Verde's high-grade core and was designed to test continuity of broad high-grade mineralisation reported by diamond drillhole DKD039, which recorded 725m grading 0.42% CuEq from 18 m depth including 62 m grading 1.03% CuEq (0.90% Cu, 0.18 g/t Au) from 671 m depth. Assay results returned so far have recorded a strong drill intersection of 391.1 m grading 0.51% CuEq (0.42% Cu, 0.11 g/t Au) from surface, including: 17.8 m grading 0.68% CuEq (0.63% Cu, 0.06 g/t Au) from surface; 40.7 m grading 0.60% CuEq (0.50% Cu, 0.12 g/t Au) from 103.3 m; 85.4 m grading 0.61% CuEq (0.50% Cu, 0.15 g/t Au) from 160 m; 19.7 m grading 0.70% CuEq (0.57% Cu, 0.15g/t Au) from 276.1 m. Mineralisation was intersected from surface, further supporting the potential for La Verde to deliver a significant high-grade starter pit opportunity for Costa Fuego. Assay results for DKD044 have been returned up to 493.7 m depth so far. Assay results up to end-of-hole (493.7 m to 711.4 m) remain outstanding and are expected to be returned in the coming weeks. DKD044 is located approximately 150 m west of step-out diamond drill hole DKD049, which visually recorded a 180 m zone of strong chalcopyrite-rich, porphyry-style copper mineralisation from 536.7 m depth. This drilling indicates potential for the high-grade core to widen between DKD044 and DKD049. Assay results for DKD049 are also expected to be returned in the coming weeks. Additional results returned for DKD042 and DKP041 have continued to confirm and expand near-surface, bulk tonnage mineralisation as resource definition drilling continues at La Verde. Diamond drill hole DKD042, collared on the western flank of the deposit, has confirmed extension of the high-grade core 125 m further west: Recording 96.4 m grading 0.40% CuEq (0.31% Cu, 0.12 g/t Au) from 11.6 m depth, including 11.9 m grading 0.51% CuEq (0.41% Cu, 0.13 g/t Au) from 13.6 m and including 22.4 m grading 0.62% CuEq (0.46% Cu, 0.21 g/t Au) from 84.2 m. Reverse Circulation drill hole DKP041, an infill hole, has confirmed expansion and continuity of mineralisation across this zone. Recording 224 m grading 0.40% CuEq (0.30% Cu, 0.10 g/t Au) from 92 m depth, including 24 m grading 0.60% CuEq (0.49% Cu, 0.15 g/t Au) from 112 m depth, including 46 m grading 0.50% CuEq (0.38% Cu, 0.14 g/t Au) from 216 m depth. Significant intercepts for La Verde are reported above a nominal cut-off grade of 0.20% Cu. Reported intersections may include internal dilution (intervals below 0.20% Cu), including zones exceeding 30 m downhole width, where the overall weighted average grade of the intersection remains above the cut-off grade. Significant intersections are separated where zones of internal dilution result in discrete intervals that do not meet the reporting criteria. The selection of a 0.20% Cu cut-off grade is aligned with a marginal economic cut-off for bulk tonnage polymetallic copper deposits of comparable grade in Chile and globally. Copper Equivalent (CuEq) reported for the drillhole intersections were calculated using the following formula: CuEq% = ((Cu% × Cu price 1% per tonne × Cu_recovery) + (Mo ppm × Mo price per g/t × Mo_recovery) + (Au ppm × Au price per g/t × Au_recovery) + (Ag ppm × Ag price per g/t × Ag_recovery)) /(Cu price 1% per tonne × Cu_recovery). The Metal Prices applied in the calculation were: Cu=4.50 USD/lb, Au=3,150 USD/oz, Mo=20 USD/lb, and Ag=30 USD/oz. The entirety of the intersection is assumed as fresh. The recovery and copper equivalent formula for La Verde uses Cortadera as a proxy, which is considered reasonable given both the similar mineralisation style and amenability testwork completed thus far at La Verde – Recoveries of 83% Cu, 56% Au, 83% Mo and 37% Ag. CuEq (%) = Cu (%) + 0.69 x Au(g/t) + 0.00044 x Mo(ppm) + 0.0043 x Ag(g/t). Since March, delivery of assay results has increased to over 10 weeks in some cases. Hot Chili has taken proactive measures and engaged the services of an additional ISO accredited laboratory in the region, to ensure reporting of outstanding assay results is fast tracked and assay turnaround times are accelerated. Three drill rigs are in operation at La Verde, and the Company expects to continue delivering strong news flow from drill results, ahead of a maiden Mineral Resource for La Verde and a revised Pre-feasibility for Hot Chili's Costa Fuego Cu-Au Project.

Announcement • Jun 09

NFM to Commence Metallurgical Testwork to Unlock Value at the Pomme REE Project

New Frontier Minerals Limited announced that it will commence characterisation and metallurgical studies at the Pomme REE Project, which is located approximately 500 km northwest of Montréal in Québec. Initial activities will focus on conventional metallurgical testwork, followed by Metallium Limited's proprietary Flash Joule Heating (FJH) testwork on existing drill samples to assess the potential to upgrade REE mineralisation. This testing will target the mid-to-high-grade zones of REE mineralisation identified during previous scout drilling. Metallurgical testwork aims to establish a pathway to produce higher-grade REE concentrates and could represent a key catalyst in unlocking the economic potential of the Pomme Project. Initial activities will target conventional metallurgical testwork followed up with Flash Joule Heating (FJH) testwork on existing drill samples to assess the potential for upgrading REE mineralisation. Testing will target key intercepts including mid-high-grade zones of REE mineralisation that has been identified by previous scout drilling. The proposed work program will focus on conventional metallurgical testwork with follow up Metallium Limited's proprietary Flash Joule Heating (FJH) technology to existing drill core samples, targeting the production of upgraded rare earth concentrates and early validation of a scalable, low-cost processing pathway that has the potential to materially enhance project economics. Samples from drill holes POM-23-03, POM 23-01 and POM 23-07 to the southwest of the mineralised carbonatite returned broad mineralised intervals with multiple high-grade TREO intersections and will be considered for the first phase of characterisation and metallurgical testwork. Preliminary metallurgical testwork will use existing sample diamond drill core for characterisation studies and metallurgical assessment utilising conventional metallurgical testwork as well as tailored Metallium Limited's proprietary Flash Joule Heating (FJH) processing technology to beneficiate and upgrade REE sample.

Australian (ASX) Copper Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

Hot Chili Limited Reports Strong Copper-Gold Drill Results at La Verde Project

Sandfire Resources Shares Jump 8% as Copper Rally Drives Record Quarterly Sales

FireFly Metals Gains Entry to ASX 200 Index Reflecting Rising Interest in Base Metals

Consensus EPS estimates increase by 15%

NFM to Commence Metallurgical Testwork to Unlock Value at the Pomme REE Project

Price target increased by 13% to AU$0.85

AIS: Stronger Margins And Stable Fair Value Will Support Future Upside

Independent Non-Executive Director recently bought AU$60k worth of stock

Insufficient new directors

Austral Resources Australia Ltd has completed a Follow-on Equity Offering in the amount of AUD 65 million.

Culpeo Minerals Limited, Annual General Meeting, May 07, 2026

Revolver Resources Holdings Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.825 million.