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Highlights

  • Sandfire Resources shares rise 1.0% to AU$11.55, up 24% year-to-date.

  • Capstone Copper gains 1.3% to $9.82 despite being down 3.3% in 2025.

  • BHP's copper earnings surge, with copper now contributing 39% of H1 FY25 EBITDA.

Shares of S&P/ASX 200 copper stocks are moving higher on Tuesday as copper futures hit record highs, boosting investor sentiment in the sector.

Leading the gains is Sandfire Resources Ltd (ASX:SFR), often considered Australia's most pure-play copper stock, with its shares up 1.0% to AU$11.55. This adds to an impressive 24% gain in 2025 so far.

Meanwhile, Capstone Copper Corp (ASX:CSC), a Canadian-based miner that joined the ASX in April 2024, is trading 1.3% higher at AU$9.82. However, the stock has faced challenges this year, remaining down 3.3% year-to-date.

BHP Group Ltd (ASX:BHP), though best known for iron ore, continues to see copper earnings rise. In FY 2024, BHP’s copper production increased by 9% to 1.87 million tonnes, generating an EBITDA of US$8.6 billion, up 29% from the previous year.

The trend continued into the first half of FY 2025, with BHP’s copper EBITDA rising 44% year-on-year to US$5 billion, bringing copper’s contribution to 39% of the company’s underlying earnings.

BHP shares are up 1.7% today at AU$39.70, but the stock remains down 0.7% in 2025, as falling iron ore prices weigh on investor sentiment.