The leading copper miner rallied +4.2% on Monday to levels not seen since mid-June following the solid recovery in the underlying industrial metal. We remain bullish this quality miner initially targeting around 15% upside to fresh decade highs. We have a similar view here as towards PLS i.e. fresh 2021 highs before a “rest” will feel likely as we remember that resource stocks are cyclical / volatile across many timeframes.
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Buy Hold Sell: The best and worst performers of FY25
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Tuesday 1st July 2025 – Dow +275pts, SPI down -6pts
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Monday 30th June – Dow up +432pts, SPI up +5pts
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MM is bullish OZL targeting fresh 2021 highs
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