Australian copper miners surge as metal hits 15-month high

Sandfire Resources

25/09/2025 04:11

** Australian copper miners drove mining index .AXMM 1.9% higher to its highest in nearly 21 months

** ASX-listed shares of Capstone Copper CSC.AX jump 10.7% to more than one-year high, while Sandfire Resources SFR.AX surges as much as 12.7% to record high

** Shares of Rio Tinto RIO.AX and BHP BHP.AX, both of which have significant copper portfolios, rose about 4% each

** Copper hit its highest level in more than 15 months on Wednesday after Freeport-McMoran FCX.N declared force majeure at its Grasberg mining complex in Indonesia and slashed production guidance for 2026 MET/L

** CSC, SFR, RIO and BHP among top performers on ASX 200 benchmark .AXJO, which was last up 0.2%

** YTD, the sub-index was up 20.3% vs 7.6% rise in ASX 200

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))