Against All Odds Research

Against All Odds Research

Hudbay Hits New Highs — And the Runway’s Wide Open

A breakout years in the making puts copper’s bull market back in focus.

Jason Perz's avatar
Jason Perz
Aug 15, 2025
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The bigger the base, the higher in space.

Copper has quietly been telling the truth all year. While headlines tried to sell a “collapse” story, spot copper never broke below $4.25 — holding a critical line that’s been tested and defended multiple times.

Now, copper stocks across the globe are confirming that resilience with new highs.

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