Narrative Update • Jul 23

Over the last 7 days, the Copper industry has risen 5.2%, driven by gains in Freeport-McMoRan and Southern Copper of 7.2% and 3.9%, respectively. During this same period, the Idaho Copper underperformed, falling 5.4%. This takes the industry's 12 month performance to a gain of 67%. Looking forward, earnings are forecast to grow by 8.8% annually.
Has the U.S. Copper Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 25 Jul 2026 | US$243.3b | US$41.7b | US$8.6b | 28.5x | 28.3x | 5.8x |
| Mon, 22 Jun 2026 | US$259.7b | US$41.0b | US$7.7b | 34.3x | 33.8x | 6.3x |
| Wed, 20 May 2026 | US$230.4b | US$41.0b | US$7.7b | 29.7x | 30x | 5.6x |
| Fri, 17 Apr 2026 | US$255.1b | US$39.3b | US$6.5b | 40.3x | 39.1x | 6.5x |
| Sun, 15 Mar 2026 | US$222.1b | US$39.3b | US$6.5b | 34.7x | 34x | 5.6x |
| Tue, 10 Feb 2026 | US$251.0b | US$39.3b | US$6.5b | 40.4x | 38.4x | 6.4x |
| Thu, 08 Jan 2026 | US$211.7b | US$38.3b | US$5.9b | 36.2x | 36x | 5.5x |
| Sat, 06 Dec 2025 | US$178.7b | US$38.3b | US$5.9b | 30.8x | 30.4x | 4.7x |
| Mon, 03 Nov 2025 | US$172.6b | US$38.3b | US$5.9b | 29.2x | 29.3x | 4.5x |
| Wed, 01 Oct 2025 | US$152.7b | US$38.0b | US$5.5b | 28.3x | 27.9x | 4x |
| Fri, 29 Aug 2025 | US$142.1b | US$38.0b | US$5.5b | 27.5x | 26x | 3.7x |
| Sun, 27 Jul 2025 | US$144.4b | US$38.1b | US$5.4b | 27.8x | 26.6x | 3.8x |
| Tue, 24 Jun 2025 | US$134.9b | US$37.2b | US$5.3b | 27.3x | 25.6x | 3.6x |
| Thu, 22 May 2025 | US$129.7b | US$37.2b | US$5.3b | 25.7x | 24.6x | 3.5x |
| Sat, 19 Apr 2025 | US$116.7b | US$37.2b | US$5.2b | 22.7x | 22.5x | 3.1x |
| Mon, 17 Mar 2025 | US$133.2b | US$37.2b | US$5.2b | 26.2x | 25.7x | 3.6x |
| Wed, 12 Feb 2025 | US$132.9b | US$36.7b | US$4.7b | 26.4x | 28.3x | 3.6x |
| Fri, 10 Jan 2025 | US$133.5b | US$36.9b | US$4.8b | 26.8x | 27.8x | 3.6x |
| Sun, 08 Dec 2024 | US$140.5b | US$36.9b | US$4.8b | 28.2x | 29.2x | 3.8x |
| Tue, 05 Nov 2024 | US$153.0b | US$36.9b | US$4.8b | 31.1x | 31.8x | 4.1x |
| Thu, 03 Oct 2024 | US$163.6b | US$35.5b | US$4.5b | 35.5x | 36.7x | 4.6x |
| Sat, 31 Aug 2024 | US$143.5b | US$35.5b | US$4.4b | 31.1x | 32.5x | 4x |
| Mon, 29 Jul 2024 | US$148.0b | US$35.4b | US$4.5b | 31.8x | 32.7x | 4.2x |
| Wed, 26 Jun 2024 | US$159.3b | US$33.6b | US$3.9b | 39.9x | 41.3x | 4.7x |
| Fri, 24 May 2024 | US$165.6b | US$33.6b | US$3.9b | 41.6x | 43x | 4.9x |
| Sun, 21 Apr 2024 | US$159.7b | US$32.9b | US$4.1b | 37.4x | 38.7x | 4.9x |
| Tue, 19 Mar 2024 | US$143.8b | US$32.9b | US$4.1b | 33.7x | 34.9x | 4.4x |
| Thu, 15 Feb 2024 | US$113.5b | US$32.8b | US$4.2b | 27.2x | 26.7x | 3.5x |
| Sat, 13 Jan 2024 | US$123.5b | US$33.1b | US$5.0b | 24.8x | 24.7x | 3.7x |
| Mon, 11 Dec 2023 | US$113.0b | US$33.1b | US$5.0b | 22.8x | 22.5x | 3.4x |
| Wed, 08 Nov 2023 | US$108.1b | US$33.1b | US$5.0b | 20.9x | 21.5x | 3.3x |
| Fri, 06 Oct 2023 | US$106.1b | US$32.0b | US$4.9b | 22x | 21.7x | 3.3x |
| Sun, 03 Sep 2023 | US$123.0b | US$32.0b | US$4.9b | 25.6x | 25.2x | 3.8x |
| Tue, 01 Aug 2023 | US$131.6b | US$32.0b | US$4.9b | 27.4x | 27x | 4.1x |
27x
How does U.S. Copper compare with similar industries?
| US Market | -1.06% | |
| Materials | 1.74% | |
| Metals and Mining | 4.37% | |
| Copper | 5.16% | |
| Silver | 5.00% | |
| Gold | 4.82% | |
| Steel | 4.45% | |
| Aluminum | 3.35% | |
| Diversified Metals and Mining | -2.35% | |
| Precious Metals and Minerals | -6.02% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FCX Freeport-McMoRan | US$62.60 | 7.2% +US$6.1b | 39.5% | PE30.6x | |
| SCCO Southern Copper | US$179.29 | 3.9% +US$5.7b | 89.5% | PE26.4x |