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Copper output rises 7% in Q3 as Antofagasta sets 2027 guidance and raises cost forecast

Company Fundamentals
15 Oct 2026
Proactive Investors
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Neutral
Copper output rises 7% in Q3 as Antofagasta sets 2027 guidance and raises cost forecast

Antofagasta PLC reported a 7% increase in copper production to 151,900 tonnes in Q3, driven by stronger output at Los Pelambres after July's weather disruptions. The company maintained its 2026 production guidance and introduced a 2027 forecast of 630,000 to 690,000 tonnes. However, it raised its 2026 cash cost guidance due to high diesel prices, while capital expenditure remains at $3.4 billion. Construction on major growth projects is progressing, but a strike at Centinela involving 20% of its workforce poses ongoing challenges.

Antofagasta's copper production update provides context for market activity. For readers following the broader US stock market on Pluang as of Oct 15, 2026 10:21 WIB: out of 150 priced US stocks, 40 rose and 109 fell. Notable movers include FIRY (Firy Inc.) down 9.19% at USD 11.27 with a typical hold time of 13 days, PLUG (Plug Power Inc.) down 8.33% at USD 1.43 with 96% buy order activity and a 42-day hold, and AMD (Advanced Micro Devices) down 7.91% at USD 557.66 with a 58% buy order activity and a 92-day hold.

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