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.