Latest news for Sandfire Resources (OTC:SFRRF) Stock

Sandfire Resources Ltd is a copper-focused mineral exploration and development company. The company's operating segment includes DeGrussa operations, MATSA Operations, Black Butte Project, Motheo Operations, Exploration, Motheo Copper Operations, and Others. The company generates the majority of its revenue from MATSA operation, which consists of the Minas De Aguas Tenidas (MATSA) polymetallic mining complex in Spain, comprising three underground mines and a 4.7Mtpa central processing facility. The mines generate revenue from the sale and delivery of copper, zinc, and lead concentrates to customers in Spain. Geographically the company generates the majority of its revenue from Spain.

Copper. Shutterstock

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Artificial intelligence (AI) has been fueling the surge in Nvidia Corp stock, in addition to many other semiconductor companies, since 2023.

Not Just Nvidia, AI Is Also Fueling Global Copper Demand: Analyst Reveals 3 Top Stock Picks

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SANDFIRE RESOURCES NL ORD by Sandfire Resources NL

Sandfire Resources Ltd

Sandfire Resources Limited (SFRRF) Q1 2025 Earnings Call Transcript

Macquarie downgraded Sandfire Resources (SFRRF) to Neutral from Outperform with a A$10.20 price target Q1 results were mixed and with the shares up...

Sandfire Resources downgraded to Neutral from Outperform at Macquarie

Sandfire Resources reports Q1 results

Analysts have been eager to weigh in on the Materials sector with new ratings on Northern Star Resources Ltd (NESRF – Research Report) and Sandfire...

Analysts Have Conflicting Sentiments on These Materials Companies: Northern Star Resources Ltd (OtherNESRF) and Sandfire Resources Limited (OtherSFRRF)

J.P. Morgan analyst Lyndon Fagan maintained a Hold rating on Sandfire Resources Limited (SFRRF – Research Report) yesterday and set a price target ...

Sandfire Resources Limited (SFRRF) Receives a Hold from J.P. Morgan

Sandfire Resources Limited (AU:SFR) has released an update. Sandfire Resources Limited has announced significant changes to its Securities Trading ...

Sandfire Resources Updates Securities Trading Policy

In a report released today, Ben Lyons from Jarden maintained a Buy rating on Sandfire Resources Limited (SFRRF – Research Report), with a price tar...

Jarden Sticks to Their Buy Rating for Sandfire Resources Limited (SFRRF)

Morgans analyst Tom Sartor maintained a Hold rating on Sandfire Resources Limited (SFRRF – Research Report) today and set a price target of A$9.70....

Morgans Reaffirms Their Hold Rating on Sandfire Resources Limited (SFRRF)

Sandfire Resources Limited (AU:SFR) has released an update. Sandfire Resources Limited has successfully transformed into a significant global coppe...

Sandfire Resources Achieves Global Copper Mining Milestone

Sandfire Resources Limited (AU:SFR) has released an update. Sandfire Resources Limited held its 2024 Annual General Meeting, where key resolutions ...

Sandfire Resources Navigates Key Resolutions at AGM

NESRF

Sandfire Resources

Artificial intelligence (AI) has been fueling the surge in Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock, in addition to many other <a href="https://www.benzinga.com/topic/semiconductors">semiconductor companies, since 2023</a>. 



With its growing relevance and use cases, AI is also fueling <a href="https://www.benzinga.com/topic/copper">global copper demand</a>.



The demand for copper — an essential component in powering the digital revolution — is surging. Dominic O&#8217;Kane, an analyst at JPMorgan, sheds light on this burgeoning trend. 



O&#8217;Kane revealed its implications for both supply and investment opportunities within the copper market.



The exponential growth of AI computing capacity in the coming decade coincides with the amount of copper required to support this growth. 



It&#8217;s estimated that 1MW of datacenter power capacity could necessitate anywhere between 20 to 40 tons of copper. This projection underscores the significant demand AI is placing on copper resources.



The International Energy Agency (IEA) forecasts a base case scenario of 15% CAGR in global datacenter power demand until 2026. 



<h3 class="wp-block-heading">Top Stock Picks &#8211; Copper</h3>



In light of these projections, O&#8217;Kane identifies three top regional copper picks &#8211; Anglo American (EMEA), Teck-Resources (North America), and Sandfire (Australia). These companies are strategically positioned to capitalize on the increasing demand for copper.



<ul>
<li>Anglo American PLC (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTCQX">AAUKF</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/NGLOY#OTCQX">NGLOY</a>), with its operations primarily based in Europe, the Middle East, and Africa (EMEA), offers significant upside potential despite providing only 20-25% earnings exposure to copper. </li>



<li>Teck-Resources Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TECK#NYSE">TECK</a>), operating primarily in North America, stands out as a top pick due to its promising growth prospects, including the ramp-up of its QB2 project and potential new project sanctions.</li>



<li>Sandfire Resources Ltd (OTCPK: SFRRF) , based in Australia, emerges as an attractive investment opportunity with its focus on copper production and a market capitalization of just US$2.6 billion.</li>
</ul>



Implications for Supply and Investment: The AI-driven surge in copper demand presents both challenges and opportunities for investors and the mining industry. O&#8217;Kane&#8217;s analysis underscores the importance of considering multi-sector, cross-asset, and environmental, social, and governance (ESG) factors in investment decisions. 



Moreover, the consolidation in the global mining sector, highlights the strategic significance of companies like Anglo American, Teck-Resources, and Sandfire in meeting the growing demand for copper.



Read Next: <a href="https://www.benzinga.com/markets/commodities/24/03/37960632/goldman-sachs-turns-bullish-on-commodities-spotlights-copper-ahead-of-federal-reserve-shift">Goldman Sachs Turns Bullish On Commodities, Spotlights Copper Ahead Of Federal Reserve Shift</a>



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