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U.K. (FTSE) Copper Industry Analysis

UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies6
  • 7D7.3%
  • 3M54.2%
  • 1Y121.5%
  • YTDn/a

The Copper industry is up 3.8% in the last week, with Antofagasta up 3.9%. Meanwhile, Great Southern Copper actually underperformed within the industry, shrinking 8.2% in the last week. This means that the industry has gained 112% over the past year. Earnings are forecast to grow by 9.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Feb 2026UK£42.1bUK£6.9bUK£1.0b20.9x40.9x6.1x
Mon, 19 Jan 2026UK£37.6bUK£6.1bUK£861.2m17.9x43.7x6.2x
Wed, 17 Dec 2025UK£32.2bUK£6.1bUK£859.1m14.9x37.5x5.3x
Fri, 14 Nov 2025UK£29.4bUK£6.2bUK£885.0m14.7x33.3x4.8x
Sun, 12 Oct 2025UK£28.2bUK£6.1bUK£875.6m14.2x32.2x4.6x
Tue, 09 Sep 2025UK£22.8bUK£6.0bUK£873.8m12x26.1x3.8x
Thu, 07 Aug 2025UK£20.7bUK£5.5bUK£677.1m12.2x30.6x3.8x
Sat, 05 Jul 2025UK£19.9bUK£5.3bUK£665.0m12.2x29.9x3.7x
Mon, 02 Jun 2025UK£18.6bUK£5.4bUK£675.0m12.1x27.5x3.4x
Wed, 30 Apr 2025UK£17.8bUK£5.4bUK£638.5m20.2x27.8x3.3x
Fri, 28 Mar 2025UK£18.6bUK£5.5bUK£659.6m19.8x28.2x3.4x
Sun, 23 Feb 2025UK£19.0bUK£5.7bUK£662.2m25.2x28.6x3.3x
Tue, 21 Jan 2025UK£18.6bUK£5.6bUK£622.8m23.2x29.8x3.3x
Thu, 19 Dec 2024UK£17.1bUK£5.5bUK£603.3m22.9x28.4x3.1x
Sat, 16 Nov 2024UK£17.4bUK£5.5bUK£608.8m22.4x28.5x3.2x
Mon, 14 Oct 2024UK£20.1bUK£5.3bUK£595.9m18.9x33.7x3.8x
Wed, 11 Sep 2024UK£17.5bUK£5.3bUK£592.6m16.4x29.5x3.3x
Fri, 09 Aug 2024UK£19.0bUK£5.4bUK£659.0m19x28.9x3.5x
Sun, 07 Jul 2024UK£23.0bUK£5.4bUK£655.5m25.3x35.1x4.3x
Tue, 04 Jun 2024UK£23.2bUK£5.4bUK£656.4m24.6x35.3x4.3x
Thu, 02 May 2024UK£22.7bUK£5.5bUK£685.4m18.5x33.1x4.1x
Sat, 30 Mar 2024UK£21.3bUK£5.5bUK£679.1m16.4x31.4x3.9x
Mon, 26 Feb 2024UK£18.7bUK£5.5bUK£650.1m26.9x28.7x3.4x
Wed, 24 Jan 2024UK£16.7bUK£5.4bUK£1.3b12.5x13.3x3.1x
Fri, 22 Dec 2023UK£17.9bUK£5.4bUK£1.3b14.4x14.2x3.3x
Sun, 19 Nov 2023UK£14.6bUK£5.5bUK£1.3b11.9x11.4x2.7x
Tue, 17 Oct 2023UK£14.9bUK£5.6bUK£1.3b20.2x11.5x2.7x
Thu, 14 Sep 2023UK£15.5bUK£5.4bUK£1.3b24.2x12x2.8x
Sat, 12 Aug 2023UK£16.2bUK£5.1bUK£1.2b12.7x13.1x3.2x
Mon, 10 Jul 2023UK£15.2bUK£5.1bUK£1.2b11.8x12.4x3x
Wed, 07 Jun 2023UK£15.6bUK£5.2bUK£1.3b12.3x12.3x3x
Fri, 05 May 2023UK£15.4bUK£5.2bUK£1.3b13x12.1x3x
Sun, 02 Apr 2023UK£17.1bUK£5.2bUK£1.3b14.9x13.2x3.3x
Tue, 28 Feb 2023UK£16.7bUK£5.4bUK£1.4b11x11.9x3.1x
Price to Earnings Ratio

11.9x


Total Market Cap: UK£16.7bTotal Earnings: UK£1.4bTotal Revenue: UK£5.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Copper Industry Price to Earnings3Y Average 25.4x202420252026
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 39.6x which is higher than its 3-year average PE of 25.3x.
  • The 3-year average PS ratio of 3.7x is lower than the industry's current PS ratio of 5.9x.
Past Earnings Growth
  • The earnings for companies in the Copper industry have declined 9.9% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.6% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

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

GB Market2.09%
Materials1.28%
Metals and Mining1.41%
Copper7.26%
Gold8.89%
Steel2.56%
Diversified Metals and Mining0.31%
Aluminum0%0
Silver0%0
Precious Metals and Minerals-0.79%
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£39.927.6%
+UK£2.8b		119.3%PE40x
ATYM Atalaya Mining CopperUK£9.874.6%
+UK£66.1m		157.7%PE20.9x
CAML Central Asia MetalsUK£2.263.7%
+UK£13.2m		43.0%PE13.5x
PXC Phoenix CopperUK£0.012.5%
+UK£72.0k		-71.9%PB0.1x
SOLG SolGoldUK£0.280%
UK£166.8		337.1%PB5.5x

Latest News

ANTO
UK£39.92
Antofagasta
7D
7.6%
1Y
119.3%
GSCU
UK£0.028
Great Southern Copper
7D
-3.4%
1Y
77.8%
CAML
UK£2.26
Central Asia Metals
7D
3.7%
1Y
43.0%

CAML: Higher Discount Rate And RBC Downgrade Will Restrain Future Upside

Analysts have lifted their fair value estimate for Central Asia Metals from about £1.80 to about £1.98, reflecting updated assumptions for higher revenue growth, stronger profit margins, and a slightly lower future P/E, even as they apply a higher discount rate following recent research, including a downgrade at RBC Capital. Analyst Commentary Bearish analysts are taking a more guarded stance despite the higher fair value estimate around £1.98, pointing to valuation sensitivity and potential execution risks that could challenge the investment case if assumptions do not play out as expected.
ATYM
UK£9.87
Atalaya Mining Copper
7D
4.6%
1Y
157.7%

ATYM: Equity Raise Will Support Copper Volume Uplift And Margin Resilience

Analysts have nudged their fair value estimate for Atalaya Mining to £11.64 from £11.19, reflecting updated views on discount rates, revenue growth and margins, while keeping future P/E assumptions broadly similar. What's in the News Completed a follow-on equity offering of £127.3 million, issuing 12,730,000 ordinary shares at £10 under Regulation S with a subsequent direct listing feature.
PXC
UK£0.01
Phoenix Copper
7D
2.5%
1Y
-71.9%
SOLG
UK£0.28
SolGold
7D
0%
1Y
337.1%