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U.K. (FTSE) Copper Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies5
  • 7D-1.5%
  • 3M0.6%
  • 1Y95.4%
  • YTDn/a

Over the last 7 days, the Copper industry has dropped 6.2%, driven by Antofagasta declining 1.6%. Over the past 12 months, the industry was up 88%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026UK£34.2bUK£7.1bUK£1.0b23.6x33.7x4.8x
Fri, 27 Feb 2026UK£44.8bUK£6.9bUK£1.0b21.3x43.5x6.5x
Sun, 25 Jan 2026UK£38.0bUK£6.0bUK£846.2m19.2x44.8x6.3x
Tue, 23 Dec 2025UK£33.5bUK£6.1bUK£857.2m15.9x39.1x5.5x
Thu, 20 Nov 2025UK£27.9bUK£6.3bUK£881.1m12.4x31.6x4.5x
Sat, 18 Oct 2025UK£28.0bUK£6.1bUK£870.2m13.6x32.1x4.6x
Mon, 15 Sep 2025UK£23.5bUK£6.0bUK£863.7m11.7x27.2x3.9x
Wed, 13 Aug 2025UK£21.9bUK£5.4bUK£670.2m14.1x32.7x4.1x
Fri, 11 Jul 2025UK£19.7bUK£5.4bUK£668.3m12.5x29.5x3.7x
Sun, 08 Jun 2025UK£19.8bUK£5.4bUK£672.2m12.5x29.5x3.7x
Tue, 06 May 2025UK£17.9bUK£5.4bUK£644.4m21.1x27.7x3.3x
Thu, 03 Apr 2025UK£17.6bUK£5.5bUK£658.1m18x26.7x3.2x
Sat, 01 Mar 2025UK£18.5bUK£5.7bUK£664.3m24.1x27.9x3.3x
Mon, 27 Jan 2025UK£18.3bUK£5.6bUK£613.5m22.7x29.8x3.3x
Wed, 25 Dec 2024UK£16.9bUK£5.5bUK£610.9m23x27.7x3.1x
Fri, 22 Nov 2024UK£17.7bUK£5.5bUK£608.5m23.2x29.1x3.2x
Sun, 20 Oct 2024UK£19.2bUK£5.3bUK£596.6m17.6x32.1x3.6x
Tue, 17 Sep 2024UK£18.5bUK£5.3bUK£589.6m17.3x31.4x3.5x
Thu, 15 Aug 2024UK£19.3bUK£5.4bUK£655.0m19.1x29.5x3.6x
Sat, 13 Jul 2024UK£23.2bUK£5.3bUK£647.1m24.7x35.8x4.4x
Mon, 10 Jun 2024UK£22.4bUK£5.4bUK£660.3m23.5x34x4.2x
Wed, 08 May 2024UK£23.0bUK£5.5bUK£684.8m18.7x33.6x4.2x
Fri, 05 Apr 2024UK£22.9bUK£5.5bUK£678.0m17.3x33.8x4.2x
Sun, 03 Mar 2024UK£18.9bUK£5.5bUK£650.8m27.1x29x3.5x
Tue, 30 Jan 2024UK£17.8bUK£5.4bUK£1.3b13.5x14.2x3.3x
Thu, 28 Dec 2023UK£18.1bUK£5.3bUK£1.2b14.2x14.5x3.4x
Sat, 25 Nov 2023UK£15.0bUK£5.4bUK£1.3b12.5x11.9x2.8x
Mon, 23 Oct 2023UK£14.1bUK£5.6bUK£1.3b20.9x10.8x2.5x
Wed, 20 Sep 2023UK£15.2bUK£5.5bUK£1.3b23.9x11.7x2.8x
Fri, 18 Aug 2023UK£15.3bUK£5.1bUK£1.2b12.1x12.4x3x
Sun, 16 Jul 2023UK£16.5bUK£5.0bUK£1.2b12.9x13.7x3.3x
Tue, 13 Jun 2023UK£15.7bUK£5.2bUK£1.3b12.5x12.5x3x
Thu, 11 May 2023UK£15.6bUK£5.1bUK£1.3b13.3x12.3x3x
Sat, 08 Apr 2023UK£16.1bUK£5.2bUK£1.3b14.5x12.5x3.1x
Price to Earnings Ratio

12.5x


Total Market Cap: UK£16.1bTotal Earnings: UK£1.3bTotal Revenue: UK£5.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Copper Industry Price to Earnings3Y Average 26.2x202420252026
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 32.0x which is higher than its 3-year average PE of 26.2x.
  • The 3-year average PS ratio of 3.7x is lower than the industry's current PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Copper industry have declined 7.5% per year over the last three years.
  • Meanwhile revenues for these companies have grown 11% 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 Market1.99%
Materials4.92%
Metals and Mining5.18%
Copper-1.49%
Diversified Metals and Mining6.55%
Gold6.38%
Aluminum0%0
Silver0%0
Precious Metals and Minerals-0.11%
Steel-0.85%
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
ATYM Atalaya Mining CopperUK£7.091.1%
+UK£12.3m		106.7%PE14.6x
CAML Central Asia MetalsUK£1.621.3%
+UK£3.4m		-2.3%PS1.6x
GSCU Great Southern CopperUK£0.0266.1%
+UK£1.1m		-50.0%PB8.4x
PXC Phoenix CopperUK£0.0112.3%
+UK£72.0k		-72.8%PB0.1x

Latest News

ATYM
UK£7.09
Atalaya Mining Copper
7D
1.1%
1Y
106.7%

Analysts Just Published A Bright New Outlook For Atalaya Mining Copper, S.A.'s (LON:ATYM)

Apr 01
Analysts Just Published A Bright New Outlook For Atalaya Mining Copper, S.A.'s (LON:ATYM)
ANTO
UK£33.27
Antofagasta
7D
-1.6%
1Y
97.1%

ANTO: Copper Upswing And Centinela Expansion Will Support Medium Term Earnings Power

Antofagasta's analyst fair value estimate has shifted from £40.28 to £47.82, as analysts balance higher assumed revenue growth with lower profit margins and a mixed series of recent target changes and rating moves across the Street. Analyst Commentary Recent research on Antofagasta shows a mix of upgrades, downgrades and price target resets, with views split on valuation, risk and execution.
CAML
UK£1.62
Central Asia Metals
7D
1.3%
1Y
-2.3%

A Case for Central Asia Metals to reach £15 by 2031 in a commodities bull market.

Central Asia Metals plc (AIM: CAML) is a London-listed base metals producer focused on low-cost copper, lead, and zinc output from two core assets: the Kounrad in-situ dump leach SX-EW copper operation in Kazakhstan (100% owned, in production since 2012) and the Sasa underground lead-zinc-silver mine in North Macedonia (100% owned, acquired 2017). In 2025, it completed the acquisition of New World Resources and its high-grade Antler copper project in Arizona, USA — a transformative catalyst that materially expands its copper exposure in a US critical minerals jurisdiction.
GSCU
UK£0.026
Great Southern Copper
7D
6.1%
1Y
-50.0%
PXC
UK£0.011
Phoenix Copper
7D
2.3%
1Y
-72.8%