Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Copper: The Continuous Rise Of Comex Inventories And The Mean Reversion Of Copper-Aluminum Price

Lundin Mining Corp (LUN CN) Q1 FY2026: Strong, No Major Diesel/Sulfuric Acid Concerns

Ero Copper (ERO US): A 4.5x EV-EBITDA Pure Copper Play With Growth Is Rare

Launch of Project Vault to Change Short-Term: Copper Back to 14k USD/Ton In Play

Antofagasta (ANTO LN): Set Up For a Record H2 FY26

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<ul>
<li>We expect copper prices to remain elevated at over 13,000 USD/ton in the foreseeable future, leading to upgrades in the equities.</li>
<li>As highlighted in our earlier note, Copper Price Correction: Four Stocks To Look At, our top picks in the copper space: <a href="https://www.smartkarma.com/entities/ero-copper-corp" target="_blank" data-smartkarma-citation="entities:38695:1" rel="noopener">ERO Copper (ERO US)</a> and <a href="https://www.smartkarma.com/entities/lundin-mining-corp-92352503-3781-4fcb-a4db-62e6f6343783" target="_blank" data-smartkarma-citation="entities:25356:1" rel="noopener">Lundin Mining (LUN CN)</a>.</li>
<li>We also like <a href="https://www.smartkarma.com/entities/southern-copper-corp" target="_blank" data-smartkarma-citation="entities:16279:1" rel="noopener">Southern Copper (SCCO US)</a> and <a href="https://www.smartkarma.com/entities/antofagasta-plc" target="_blank" data-smartkarma-citation="entities:21814:1" rel="noopener">Antofagasta PLC (ANTO LN)</a>, although they are bigger names with richer valuations. </li>
</ul>


We expect copper prices to remain elevated at over 13,000 USD/ton in the foreseeable future, leading to upgrades in the equities.
As highlighted in our earlier note, Copper Price Correction: Four Stocks To Look At, our top picks in the copper space: ERO Copper (ERO US) and Lundin Mining (LUN CN).
We also like Southern Copper (SCCO US) and Antofagasta PLC (ANTO LN), although they are bigger names with richer valuations. 


Copper: Remain Bullish Stocks, Copper Price To Stay Elevated At >13,000 USD/Ton