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U.K. (FTSE) Copper Industry Analysis

UpdatedDec 20, 2025
DataAggregated Company Financials
Companies6
  • 7D6.8%
  • 3M35.8%
  • 1Y96.7%
  • YTDn/a

The Copper industry is up 6.8% in the last week, with Antofagasta up 7.1%. This means that the industry has gained 97% over the past year. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

Has the U.K. Copper Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Dec 2025UK£33.2bUK£6.1bUK£862.0m15.5x38.5x5.4x
Mon, 17 Nov 2025UK£29.2bUK£6.2bUK£875.4m12.9x33.4x4.7x
Wed, 15 Oct 2025UK£29.0bUK£6.1bUK£877.2m14.6x33.1x4.7x
Fri, 12 Sep 2025UK£23.2bUK£6.0bUK£862.6m11.7x26.9x3.9x
Sun, 10 Aug 2025UK£21.3bUK£5.4bUK£672.3m12.8x31.7x3.9x
Tue, 08 Jul 2025UK£20.0bUK£5.4bUK£666.7m12.4x30x3.7x
Thu, 05 Jun 2025UK£19.4bUK£5.4bUK£671.6m12.5x28.9x3.6x
Sat, 03 May 2025UK£17.9bUK£5.4bUK£644.4m21.1x27.7x3.3x
Mon, 31 Mar 2025UK£18.1bUK£5.5bUK£659.9m19.3x27.5x3.3x
Wed, 26 Feb 2025UK£18.1bUK£5.7bUK£661.3m24.5x27.3x3.2x
Fri, 24 Jan 2025UK£18.0bUK£5.6bUK£620.3m22.5x29.1x3.2x
Sun, 22 Dec 2024UK£16.9bUK£5.5bUK£609.0m21.9x27.7x3.1x
Tue, 19 Nov 2024UK£17.6bUK£5.5bUK£608.0m22.6x28.9x3.2x
Thu, 17 Oct 2024UK£19.1bUK£5.4bUK£599.5m17.4x31.8x3.6x
Sat, 14 Sep 2024UK£18.4bUK£5.3bUK£593.4m17.2x31.1x3.5x
Mon, 12 Aug 2024UK£19.3bUK£5.4bUK£658.2m19.3x29.4x3.6x
Wed, 10 Jul 2024UK£22.7bUK£5.4bUK£656.8m24.9x34.6x4.2x
Fri, 07 Jun 2024UK£23.1bUK£5.4bUK£657.0m23.8x35.2x4.3x
Sun, 05 May 2024UK£22.9bUK£5.5bUK£682.7m18.1x33.5x4.2x
Tue, 02 Apr 2024UK£21.3bUK£5.5bUK£679.3m16.4x31.4x3.9x
Thu, 29 Feb 2024UK£18.4bUK£5.5bUK£650.6m26.5x28.3x3.4x
Sat, 27 Jan 2024UK£17.8bUK£5.4bUK£1.3b13.3x14.1x3.3x
Mon, 25 Dec 2023UK£17.9bUK£5.4bUK£1.3b14.5x14.2x3.3x
Wed, 22 Nov 2023UK£15.0bUK£5.4bUK£1.3b12.3x11.8x2.8x
Fri, 20 Oct 2023UK£14.3bUK£5.6bUK£1.3b20.3x11x2.6x
Sun, 17 Sep 2023UK£16.0bUK£5.5bUK£1.3b24.6x12.3x2.9x
Tue, 15 Aug 2023UK£16.1bUK£5.1bUK£1.2b12.3x13x3.2x
Thu, 13 Jul 2023UK£15.8bUK£5.0bUK£1.2b12.7x13.1x3.2x
Sat, 10 Jun 2023UK£15.8bUK£5.1bUK£1.3b12.9x12.7x3.1x
Mon, 08 May 2023UK£15.9bUK£5.1bUK£1.3b13x12.6x3.1x
Wed, 05 Apr 2023UK£16.5bUK£5.2bUK£1.3b14.9x12.9x3.2x
Fri, 03 Mar 2023UK£17.6bUK£5.4bUK£1.4b11.1x12.4x3.2x
Sun, 29 Jan 2023UK£18.9bUK£5.7bUK£845.7m17.5x22.3x3.3x
Tue, 27 Dec 2022UK£16.5bUK£5.8bUK£868.0m15.1x19.1x2.8x
Price to Earnings Ratio

19.1x


Total Market Cap: UK£16.5bTotal Earnings: UK£868.0mTotal Revenue: UK£5.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Copper Industry Price to Earnings3Y Average 24.1x202320242025
Current Industry PE
  • Investors are optimistic on the British Copper industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 38.5x which is higher than its 3-year average PE of 24.1x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 5.4x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Copper industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Comparison

How does U.K. Copper compare with similar industries?

GB Market2.51%
Materials5.00%
Metals and Mining5.20%
Copper6.77%
Precious Metals and Minerals5.45%
Diversified Metals and Mining4.61%
Gold2.01%
Steel0.65%
Aluminum0%0
Silver0%0
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ANTO AntofagastaUK£31.417.1%
+UK£2.1b		94.7%PE38x
ATYM Atalaya Mining CopperUK£8.045.5%
+UK£59.1m		141.1%PE15.5x
CAML Central Asia MetalsUK£1.790.7%
+UK£2.1m		15.2%PE10.7x

Latest News

ATYM
UK£8.04
Atalaya Mining Copper
7D
5.5%
1Y
141.1%
ANTO
UK£31.41
Antofagasta
7D
7.1%
1Y
94.7%

ANTO: Copper Cycle Upswing Will Support Medium Term Earnings Power

The analyst price target for Antofagasta has been lifted from about $25.09 to roughly $35.03 as analysts factor in higher forecast revenue growth, improved profit margins, and a richer future earnings multiple, supported by a series of upward target revisions from major brokers, despite some valuation driven downgrades. Analyst Commentary Recent Street research on Antofagasta reflects a broadly constructive stance, with several bullish analysts lifting price targets meaningfully as they reassess the company’s earnings power and leverage to the copper cycle.
CAML
UK£1.79
Central Asia Metals
7D
0.7%
1Y
15.2%
SOLG
UK£0.25
SolGold
7D
-2.1%
1Y
271.7%
PXC
UK£0.019
Phoenix Copper
7D
-2.6%
1Y
-66.1%

Is Phoenix Copper (LON:PXC) A Risky Investment?

Oct 05
Is Phoenix Copper (LON:PXC) A Risky Investment?