Shares in Antofagasta PLC (LSE:ANTO) rose 3% on Wednesday after JP Morgan added the Chilean copper miner to its 'analyst focus' List and placed it on 'positive catalyst watch', citing strong production growth and an improving free cash flow outlook. The bank reaffirmed its 'overweight' rating and £24 price target, highlighting Antofagasta's industry-leading copper volume growth, which is expected to rise by 30% between 2024 and 2028.
London-listed copper producers are back in the spotlight. UBS has named Antofagasta PLC (LSE:ANTO) and Anglo American PLC (LSE:AAL) among its preferred global picks, highlighting their leverage to constrained supply and long-term demand linked to the energy transition.
Shares in Antofagasta PLC (LSE:ANTO) rose mid-morning on Tuesday after The Times reported that Elliott Investment Management had disclosed a £79 million short position against the FTSE 100 copper miner. Filings with the Financial Conduct Authority show the Florida-based hedge fund has taken a position against 0.52% of Antofagasta's issued share capital.
![]() ANFGF In 2 months Estimated | Other | $0.23 Per Share |
![]() ANFGF 1 month ago Paid | Other | $0.23 Per Share |
![]() ANFGF 9 months ago Paid | Other | $0.08 Per Share |
![]() ANFGF 9 months ago | Other | $0.08 Per Share |
![]() ANFGF 18 Apr 2024 Paid | Other | $0.24 Per Share |
![]() ANFGF 31 Aug 2023 Paid | Other | $0.12 Per Share |
8 May 2025 Date | | - Cons. EPS | - EPS |
18 Feb 2025 Date | | - Cons. EPS | - EPS |
20 Aug 2024 Date | | - Cons. EPS | - EPS |
9 Aug 2024 Date | | - Cons. EPS | - EPS |
8 Aug 2024 Date | | - Cons. EPS | - EPS |
![]() ANFGF In 2 months Estimated | Other | $0.23 Per Share |
![]() ANFGF 1 month ago Paid | Other | $0.23 Per Share |
![]() ANFGF 9 months ago Paid | Other | $0.08 Per Share |
![]() ANFGF 9 months ago | Other | $0.08 Per Share |
![]() ANFGF 18 Apr 2024 Paid | Other | $0.24 Per Share |
![]() ANFGF 31 Aug 2023 Paid | Other | $0.12 Per Share |
8 May 2025 Date | | - Cons. EPS | - EPS |
18 Feb 2025 Date | | - Cons. EPS | - EPS |
20 Aug 2024 Date | | - Cons. EPS | - EPS |
9 Aug 2024 Date | | - Cons. EPS | - EPS |
8 Aug 2024 Date | | - Cons. EPS | - EPS |
Copper Industry | Basic Materials Sector | Mr. Ivan Arriagada Herrera CEO | OTC PINK Exchange | GB0000456144 ISIN |
GB Country | 8,095 Employees | 22 Apr 2025 Last Dividend | - Last Split | - IPO Date |
Antofagasta plc is a prominent mining company with a substantial foothold in the industry. Established in 1888 and based in London, the United Kingdom, the company has grown to operate through various segments, including Los Pelambres, Centinela, Antucoya, ZaldÃvar, and Exploration and Evaluation, alongside a Transport Division. It serves as a subsidiary of Metalinvest Anstalt and is known for its diversified mining operations and transportation services, primarily catering to mining customers in northern Chile. The company's strategic focus on copper and its by-products, along with its extensive exploration projects, underscores its commitment to growth and sustainability within the mining sector.
Antofagasta plc specializes in the production of high-quality copper cathodes and concentrates, which are crucial materials for the global manufacturing and electrical industries. The company's mining sites are equipped with state-of-the-art technology to ensure efficient extraction and processing of copper ore into these valuable products.
Alongside its primary copper products, Antofagasta plc also produces significant amounts of molybdenum, gold, and silver as by-products. Molybdenum is used in steel alloys to enhance strength and resistance to corrosion, while gold and silver are valuable for both industrial applications and as investment commodities.
The company is actively involved in exploration projects across various countries, aiming to discover and develop new mining prospects. These projects are critical for the long-term sustainability of the company, ensuring a continuous supply of minerals and expanding its portfolio of mining assets.
Antofagasta plc extends its operations to providing specialized rail and road cargo transportation services to mining customers in northern Chile. These services are tailored to meet the logistics needs of the mining industry, facilitating the efficient movement of raw materials and finished products.