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U.K. (FTSE) Copper Industry Analysis

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies6
  • 7D6.7%
  • 3M52.4%
  • 1Y147.9%
  • YTDn/a

In the last week, the Copper industry is up 6.7%, with Antofagasta up 6.9%. During this same period, the Great Southern Copper underperformed, falling 7.1%. This means that the industry has gained 148% over the past year. As for the next few years, earnings are expected to grow by 9.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Mar 2026UK£44.9bUK£6.9bUK£1.0b21.6x43.5x6.5x
Tue, 27 Jan 2026UK£39.9bUK£6.0bUK£842.9m20.5x47.4x6.7x
Thu, 25 Dec 2025UK£34.1bUK£6.1bUK£853.8m15.8x39.9x5.6x
Sat, 22 Nov 2025UK£27.2bUK£6.2bUK£879.3m12.7x31x4.4x
Mon, 20 Oct 2025UK£28.0bUK£6.1bUK£870.2m13.6x32.1x4.6x
Wed, 17 Sep 2025UK£24.1bUK£6.0bUK£858.6m11.9x28x4x
Fri, 15 Aug 2025UK£22.0bUK£6.0bUK£874.1m11.2x25.2x3.7x
Sun, 13 Jul 2025UK£19.8bUK£5.4bUK£672.2m13x29.4x3.7x
Tue, 10 Jun 2025UK£19.8bUK£5.4bUK£671.1m12.4x29.6x3.7x
Thu, 08 May 2025UK£17.8bUK£5.4bUK£643.5m21.2x27.6x3.3x
Sat, 05 Apr 2025UK£14.9bUK£5.6bUK£663.9m15.7x22.4x2.7x
Mon, 03 Mar 2025UK£18.1bUK£5.7bUK£664.7m24.1x27.2x3.2x
Wed, 29 Jan 2025UK£17.7bUK£5.6bUK£616.1m22.4x28.8x3.2x
Fri, 27 Dec 2024UK£16.9bUK£5.5bUK£611.5m22.9x27.7x3.1x
Sun, 24 Nov 2024UK£17.4bUK£5.5bUK£611.5m22.9x28.5x3.1x
Tue, 22 Oct 2024UK£19.0bUK£5.4bUK£599.3m17.8x31.7x3.6x
Thu, 19 Sep 2024UK£18.7bUK£5.3bUK£590.6m17.5x31.7x3.5x
Sat, 17 Aug 2024UK£19.7bUK£5.3bUK£653.8m17.5x30.1x3.7x
Mon, 15 Jul 2024UK£23.2bUK£5.3bUK£647.1m24.7x35.8x4.4x
Wed, 12 Jun 2024UK£21.6bUK£5.4bUK£659.1m23.4x32.8x4x
Fri, 10 May 2024UK£23.3bUK£5.5bUK£684.1m18.7x34x4.2x
Sun, 07 Apr 2024UK£22.9bUK£5.5bUK£678.2m17.2x33.7x4.2x
Tue, 05 Mar 2024UK£19.1bUK£5.4bUK£649.2m27.5x29.4x3.5x
Thu, 01 Feb 2024UK£18.1bUK£5.4bUK£1.3b13.8x14.4x3.4x
Sat, 30 Dec 2023UK£17.7bUK£5.3bUK£1.3b14.1x14.1x3.3x
Mon, 27 Nov 2023UK£15.0bUK£5.4bUK£1.3b12.5x11.9x2.8x
Wed, 25 Oct 2023UK£13.8bUK£5.6bUK£1.3b20.4x10.6x2.5x
Fri, 22 Sep 2023UK£15.2bUK£5.5bUK£1.3b23.9x11.6x2.7x
Sun, 20 Aug 2023UK£14.8bUK£5.1bUK£1.2b12x12x2.9x
Tue, 18 Jul 2023UK£16.1bUK£5.0bUK£1.2b12.6x13.4x3.2x
Thu, 15 Jun 2023UK£16.8bUK£5.1bUK£1.2b13x13.5x3.3x
Sat, 13 May 2023UK£15.2bUK£5.2bUK£1.3b13x11.8x2.9x
Mon, 10 Apr 2023UK£16.1bUK£5.2bUK£1.3b14.5x12.5x3.1x
Wed, 08 Mar 2023UK£17.3bUK£5.5bUK£1.4b11x12.1x3.2x
Price to Earnings Ratio

12.1x


Total Market Cap: UK£17.3bTotal Earnings: UK£1.4bTotal Revenue: UK£5.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Copper Industry Price to Earnings3Y Average 25.6x202420252026
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 43.5x which is higher than its 3-year average PE of 25.6x.
  • The 3-year average PS ratio of 3.7x is lower than the industry's current PS ratio of 6.5x.
Past Earnings Growth
  • The earnings for companies in the Copper industry have declined 10% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.3% 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 Market1.91%
Materials4.18%
Metals and Mining4.63%
Copper6.67%
Gold8.01%
Precious Metals and Minerals6.37%
Diversified Metals and Mining3.54%
Aluminum0%0
Silver0%0
Steel-3.86%
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£42.686.9%
+UK£2.7b		146.2%PE42.7x
ATYM Atalaya Mining CopperUK£10.284.2%
+UK£63.0m		181.6%PE21.6x
CAML Central Asia MetalsUK£2.406.0%
+UK£23.0m		55.9%PE14.3x
SOLG SolGoldUK£0.280.5%
+UK£4.5m		353.0%PB5.5x
PXC Phoenix CopperUK£0.01112.2%
+UK£360.0k		-58.2%PB0.1x

Latest News

ANTO
UK£42.68
Antofagasta
7D
6.9%
1Y
146.2%
GSCU
UK£0.026
Great Southern Copper
7D
-7.1%
1Y
4.0%
CAML
UK£2.40
Central Asia Metals
7D
6.0%
1Y
55.9%

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£10.28
Atalaya Mining Copper
7D
4.2%
1Y
181.6%

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£0.011
Phoenix Copper
7D
12.2%
1Y
-58.2%
SOLG
UK£0.28
SolGold
7D
0.5%
1Y
353.0%