Antofagasta: Quality Copper Pure Play

Jan. 05, 2023 12:26 AM ETAntofagasta plc (ANFGF)AAUKF, GLCNF, GLNCY, NGLOY, RIO, RTNTF, RTPPF, XME5 Comments
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The Global Investor


  • The supply/demand imbalance in copper has already started.
  • I like Antofagasta for fundamental value and macro reasons.
  • The copper miner has a clear runway for production growth after years of development capex.
Copper surface with sunlight. Copy space.

Ganna Zelinska/iStock via Getty Images

The recent Glencore plc (OTCPK:GLCNF) investor update made a strong case for copper based on the positive demand outlook and the negative supply outlook. Glencore, of course does have copper exposure, but overall that company is quite diversified across the mining

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I am a blue chips value investor.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ANFGF over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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