Best ASX Copper Stocks Grabbing Attention

Copper demand is expected to rise because of electrification, renewable energy, electric vehicles and data centre expansion while supply growth is constrained which places the following three ASX stocks in a strong position for future growth.

Terra Metals Limited (ASX: TM1)

Terra Metals Limited (ASX: TM1) rose 11.5% by afternoon trade on 17 February after it confirmed a large and high-grade PGM-copper-nickel sulphide feeder system at its SW6 Prospect within the Dante Project.

A significant off hole downhole EM conductor was identified beneath the high-grade intercept and with Phase 4 drilling of up to 30,000 metres scheduled to start in March 2026 the market responded positively to the scale, continuity and expansion potential of the Southwest magmatic sulphide system.

The company has a market capitalisation of $304.68 million and closed the December 2025 quarter with a cash balance of $10.9 million after completing a $15 million placement.

Net cash used in operating activities during the quarter stood at $4.87 million and the company remains well funded to advance work at the Dante Project while the share price has doubled over the past one month as interest around its high-grade discoveries strengthened.

29Metals Limited (ASX: 29M)

29Metals Limited (ASX: 29M) had a solid December 2025 Quarter 2025 result which was supported by stable output at Golden Grove and further progress towards the restart of Capricorn Copper.

Golden Grove produced 6.9kt of copper and 3.4kt of zinc while C1 costs improved to US$2.49 per pound of copper sold which reflects better cost control and favourable stockpile movements.

Golden Grove for the full year of 2025 achieved 22kt of copper and 35kt of zinc which was broadly in line with guidance while Capricorn Copper remains suspended even though water inventory was reduced by 1.5 gigalitres and approvals for tailings storage moved ahead which are key steps toward a restart.

Capricorn Copper previously delivered 24kt of copper at an AISC of US$3.71 per pound and generated $66 million of EBITDA in its last full year which highlights the earnings potential once operations resume.

As at 31 December 2025, the company reported $103 million in cash and $118 million in available liquidity which provides financial flexibility as it moves ahead with its growth projects.

Capstone Copper Corp. (ASX: CSC)

Capstone Copper Corp. (ASX: CSC) reported consolidated copper production of 224,764 tonnes in 2025 which met its annual guidance and represented a 22% increase year-on-year.

Fourth quarter production reached a record 58,273 tonnes as Mantoverde achieved a record monthly output of 10,747 tonnes in December while Mantos Blancos operated above its nameplate capacity and exceeded full year guidance.

Mantoverde produced 95,115 tonnes for the year which was 65% higher than 2024 while Mantos Blancos delivered 61,919 tonnes which marked a 39% rise year-on-year and reflects strong performance across the Chilean portfolio.

Capstone has a current market capitalisation of $15.24 billion and will release its full year 2025 financial results on 2 March 2026 which should provide more clarity on cost control and overall execution.

(Source: Company Announcements)