Copper is rising to prominence once again, with several buying opportunities for bullish investors.
Citi Research forecasts a copper price target of $US10,000 per tonne over the next three months, up from its prior estimate of $US8500 per tonne.
Due to copper’s uptick, there are several ASX-listed copper stocks worth keeping an eye on.
Sandfire Resources is continuing its long-term upward trend. Its share price has jumped 19.98 per cent since the start of 2025.
The company owns the Motheo mine, located on the Kalahari copper belt in Botswana, which boasts a mineral resource estimate of 64.1 million tonnes at 1 per cent copper and 13.8 grams per tonne gold containing an estimated 633,000 tonnes of copper and 28.5 million ounces of silver.
“The Kalahari copper belt is an emerging copper producing region with significant untapped potential,” Sandfire chief executive officer and managing director Brendan Harris said.
“At a strategic level, we have developed a new, multi-year exploration plan that leverages our unique geological understanding of the belt and aims to establish a minimum 15-years of life at Motheo within five years.”
Other companies to keep an eye on include MAC Copper and Hillgrove Resources.
MAC is currently trading at $16.48, down 4.13 per cent so far in 2025.
Although the company’s share price is down, MAC holds plenty of potential through its CSA copper mine in Cobar, NSW, which is one of the highest-grade copper mines in Australia.
CSA produces around 40,000 tonnes of copper per year. MAC aims to grow this production profile to 48,000–53,000 tonnes by 2026.
Hillgrove is accelerating its Nugent project following a $16 million capital raise.
The Nugent deposit within the Kanmantoo copper mine in South Australia is set to undergo underground development next month, with the aim of expanding the processing rate from a 1.4 million tonnes per annum (Mtpa) run rate to 1.8Mtpa of throughput by the first half of 2026.
Hillgrove recently announced drilling results at Nugent, with hits of up to 18.55m at 5.69 per cent copper and 1.02 grams per tonne gold.
Earlier this month, the Kanmantoo mine brought in record copper production of 1105 tonnes (t), processing 116,000t of ore at a grade of 1.01 per cent copper and a 94.2 per cent recovery rate.
The company’s share price is currently sitting at $0.037. Although the price is down by 26 per cent in 2025, Hillgrove could be an affordable buying opportunity given its producing profile.
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