Hudbay Minerals (HBM) Rose Following the Copper Price Rally

3 days ago 3

Soumya Eswaran

Fri, December 12, 2025 astatine 7:50 AM CST 3 min read

L1 Capital, an concern absorption firm, released its “L1 Long Short Fund” (unhedged) third-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. The L1 Long Short Fund (LSF) portfolio generated a instrumentality of 13.3% successful the September quarter, bringing the calendar-year show to 28.7%. Dovish Fed commentary, robust U.S. earnings, and a continued momentum successful A.I. concern lifted planetary equities higher successful the quarter. The portfolio performed good this quarter, with 19 stocks contributing implicit 0.5% to returns, and besides benefited from rising Gold and Copper prices. In addition, you tin cheque the fund’s apical 5 holdings to find retired its champion picks for 2025.

In its third-quarter 2025 capitalist letter, L1 Long Short Fund highlighted stocks specified arsenic Hudbay Minerals Inc. (NYSE:HBM). Hudbay Minerals Inc. (NYSE:HBM) is simply a diversified mining company. The one-month instrumentality for Hudbay Minerals Inc. (NYSE:HBM) was 18.07%, and its shares gained 115.01% implicit the past 52 weeks. On December 11, 2025, Hudbay Minerals Inc. (NYSE:HBM) banal closed astatine $18.62 per share, with a marketplace capitalization of $7.38 billion.

L1 Long Short Fund stated the pursuing regarding Hudbay Minerals Inc. (NYSE:HBM) successful its 3rd 4th 2025 capitalist letter:

"Hudbay Minerals Inc. (NYSE:HBM) (Long +46%) shares roseate implicit the 4th arsenic copper prices moved higher (+2%), astir notably successful September with Freeport’s Grasberg excavation suspending accumulation pursuing a tragic mud descent resulting successful fatalities and harm to infrastructure. With 3% of planetary copper supply, Grasberg’s interruption compounds the interaction of different important ongoing operational disruptions seen elsewhere successful the satellite (e.g. El Teniente, Kamoa-Kakula and Cobre Panama). While copper proviso lags, copper request remains underpinned by almighty maturation drivers successful electrification, A.I. and defence.