Oz Minerals (OZL)

Prior close: $18.72

Copper price moves higher

In our report on OZ Minerals on October 19, we highlighted the upside to valuation from a sustained move higher in copper prices. Since that time, copper has increased 14.5% from USD$3.09/lb to USD$3.54/lb. The OZL share price has moved up 25.5% from $14.92 to $18.72.

Additionally, on December 9, OZ Minerals released details of the updated pre-feasibility study (PFS) on the wholly owned West Musgrave Copper/Nickel project.

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