Latest news for Sandfire Resources (OTC:SFRRF) Stock

Sandfire is a copper-focused mineral exploration and development company. The company's operating segment includes Degrussa operation, MATSA Operations, Black Butte Project, Motheo Operations, Exploration, and Other. The company generates the majority of its revenue from MATSA operation, which consists of the Minas De Aguas Teñidas (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.

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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 (AU:SFR) has released an update. Australian Retirement Trust has emerged as a significant investor in Sandfire Resources...

Australian Retirement Trust Acquires 5% of Sandfire Resources

Ord Minnett analyst Paul Kaner maintained a Hold rating on Sandfire Resources Limited (SFRRF – Research Report) today and set a price target of A$9...

Ord Minnett Reaffirms Their Hold Rating on Sandfire Resources Limited (SFRRF)

In a report released today, Rahul Anand from Morgan Stanley maintained a Hold rating on Sandfire Resources Limited (SFRRF – Research Report), with ...

Morgan Stanley Keeps Their Hold Rating on Sandfire Resources Limited (SFRRF)

Macquarie analyst Hayden Bairstow maintained a Buy rating on Sandfire Resources Limited (SFRRF – Research Report) today and set a price target of A...

Macquarie Sticks to Its Buy Rating for Sandfire Resources Limited (SFRRF)

Sandfire Resources Limited (AU:SFR) has released an update. Sandfire Resources Limited announces a significant update to the Mineral Resource and O...

Sandfire Resources Boosts MATSA Estimates

Sandfire Resources Limited (AU:SFR) has released an update. Sandfire Resources Limited has announced the cessation of 38,217 options due to unmet c...

Sandfire Resources Options Cease Due to Conditions

Sandfire Resources Limited (AU:SFR) has released an update. Sandfire Resources Limited has announced the application for quotation of additional se...

Sandfire Resources Expands ASX Quotation

Sandfire Resources Limited (AU:SFR) has released an update. Sandfire Resources Limited has announced the cessation of 21,550 performance rights due...

Sandfire Resources Announces Cessation of Rights

In a report released today, Hayden Bairstow from Macquarie maintained a Buy rating on Sandfire Resources Limited (SFRRF – Research Report), with a ...

Macquarie Keeps Their Buy Rating on Sandfire Resources Limited (SFRRF)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Sandfire Resources Limited (SFRRF – Research Report...

Analysts' Opinions Are Mixed on These Materials Stocks: Sandfire Resources Limited (OtherSFRRF) and Westgold Resources (OtherWGXRF)

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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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Sandfire Resources

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Latest news for Sandfire Resources (OTC:SFRRF) Stock

Thursday, March 28, 2024

Tuesday, December 03, 2019