TSX:HBMMetals and Mining
Hudbay Minerals (TSX:HBM) Valuation After Mitsubishi’s Copper World Deal and Grasberg-Driven Copper Price Strength
Hudbay Minerals (TSX:HBM) has been in focus after Mitsubishi committed US$600 million for a 30% stake in the Copper World project, just as higher copper prices follow disruptions at Freeport’s Grasberg mine.
See our latest analysis for Hudbay Minerals.
That Mitsubishi deal and the tailwind from tighter copper supply are landing on an already strong base. Hudbay’s share price has delivered a 109.71% year to date return and a 281.15% three year total shareholder return, suggesting momentum is...