Latest Copper Market News

Hammer Metals has reported extensive copper and gold mineralisation over a 600m strike at its Tourist Zone in Mount Isa, alongside promising results at Mt Mascotte and Lex. These findings reinforce the company’s exploration momentum amid a tightening global copper market.

Magmatic Resources has secured 100% ownership of the Weebo Gold Project in Western Australia’s prolific Yandal Greenstone Belt, positioning itself amid five major gold mines. The acquisition complements its NSW copper-gold portfolio and sets the stage for imminent drilling campaigns.

Cygnus Metals has clarified that its recent share price and volume spike stemmed from new assay results at its Golden Eye prospect and broader copper sector dynamics, confirming compliance with ASX disclosure rules.

Develop Global has commenced concentrate production and cashflow at its Woodlawn copper/zinc mine, marking a significant milestone in its strategy to become a leading ASX copper and base metals company.

Encounter Resources has regained 100% ownership of the Yeneena Copper Project after IGO Limited's withdrawal, setting the stage for renewed exploration focused on high-grade copper zones in Western Australia's Paterson Province.

MAC Copper Limited has entered a binding agreement for acquisition by Harmony Gold, offering shareholders a compelling 32% premium and signalling a major consolidation in the copper mining sector.

Diablo Resources has identified four promising copper targets within its Phoenix Copper Project in the prolific Lisbon Valley Mining District, setting the stage for drilling in Q3 2025 amid a bullish copper market.

Scorpion Minerals has expanded its footprint in Western Australia's Murchison region to 1,600km² through a strategic JV with E79 Gold Mines, securing the largest landholding along the highly prospective Dalgaranga–Big Bell shear corridor. With $1.75 million raised, the company is poised to commence drilling at multiple high-grade gold targets imminently.

KGL Resources has reported a robust quarterly update for its Jervois Copper Project, highlighting a strong feasibility study with a $405 million NPV and successful drilling that extends high-grade copper resources. The company also secured $4.2 million in new capital and is progressing strategic financing to target production by 2027.

Hot Chili Limited has achieved priority project registration for its Costa Fuego and Huasco Water copper-gold developments in Chile, unlocking streamlined government approvals and reinforcing its strategic growth trajectory.

Diablo Resources has unveiled a high-grade copper discovery at its newly acquired Phoenix Copper Project near the prolific Lisbon Valley Mine in Utah, with initial rock samples returning up to 45.7% copper and 219 g/t silver. The company is advancing exploration with drilling planned for 2025.

BHP Group Limited reported a remarkable 376% increase in half-year profit despite an 8% revenue dip, driven by operational excellence and strategic investments in copper and potash. The company declared a lower interim dividend, signaling a balanced approach to shareholder returns and growth.