Revenue distribution by industry:

• Copper: approx. 80%
• Nickel: approx. 10%
• Gold and other metals: approx. 10%

TOP 3 markets and their percentage shares:

• China: approx. 40%
• Europe: approx. 25%
• North America: approx. 20%

First Quantum Minerals Ltd. generates the majority of its revenue from the copper business, which is typical for the company as it is one of the largest copper producers worldwide. The demand for copper is mainly driven by the construction and electronics industries, which explains the strong market position in China.

Europe and North America are also significant markets for the company, as they are strongly represented in both industrial production and technological development. These regions contribute significantly to revenues, especially through the demand for sustainable energy sources, which increase the need for metals such as copper and nickel.

Production sites of First Quantum Minerals Ltd.:

1. Kansanshi Mine, Zambia
2. Sentinel Mine, Zambia
3. Cobre Panama, Panama
4. Ravensthorpe Nickel Operation, Australia
5. Guelb Moghrein, Mauritania

First Quantum Minerals Ltd. is a globally operating mining company that primarily produces copper, nickel, and other metals. The most significant production sites are located in Zambia and Panama, with the Kansanshi and Sentinel mines in Zambia being among the company's largest copper producers. The Cobre Panama mine is one of the largest copper mines in the world and contributes significantly to the overall production.

In addition, the company operates the Ravensthorpe Nickel Operation in Australia, which focuses on nickel production. In Mauritania, First Quantum operates the Guelb Moghrein mine, which produces both copper and gold.

Strategy for Future Growth:

1. Expansion of Production Capacities: First Quantum Minerals Ltd. plans to expand production capacities in existing mines, especially in the Cobre Panama Mine, which is considered one of the largest copper mines in the world.

2. Portfolio Diversification: The company aims to reduce its dependency on copper by investing in other metals and minerals that are important for the green energy transition, such as nickel and cobalt.

3. Sustainability Initiatives: First Quantum Minerals is committed to improving its environmental footprint by investing in technologies to reduce CO2 emissions and enhance resource efficiency.

4. Strategic Partnerships and Acquisitions: To strengthen its market position, the company is actively seeking strategic partnerships and potential acquisitions that create synergies and provide access to new markets.

This strategy aims to secure the growth of First Quantum Minerals in a changing global market environment, with a focus on efficiency, diversification, and sustainability.

Commodities/Materials: Copper, Nickel, Gold

Main importing countries:

• Chile: Copper
• Indonesia: Nickel
• Peru: Copper
• Australia: Nickel

First Quantum Minerals Ltd. is a significant player in the mining industry, focusing mainly on the production of copper, nickel, and gold. The company imports raw materials to support its production capacities and meet demand.

Chile and Peru are leading copper producers and important suppliers to First Quantum. Indonesia and Australia are significant sources of nickel, which is needed for battery production and other industrial applications.

These imports are crucial to achieving production targets and meeting global demand. The geographical diversification of suppliers helps the company minimize risks and ensure supply security.

Market share in the copper sector: 4.5% (2024, estimate)
Production capacity: 830,000 tons of copper per year (2024)
Cost structure: $1.20 per pound of copper (2024, estimate)

First Quantum Minerals Ltd. has established itself as one of the leading copper producers worldwide. The company's competitive advantage lies in its high production capacity and efficient cost structure. With an estimated production capacity of 830,000 tons of copper per year, the company can benefit from economies of scale, enabling it to produce copper at competitive prices.

Another advantage is the geographical diversification of the mining sites, which reduces the risk of political and economic uncertainties in individual countries. In addition, First Quantum continuously invests in technological innovations and sustainable practices, which not only increase efficiency but also improve the company's environmental profile.

Overall, the combination of production capacity, cost leadership, and strategic diversification strengthens First Quantum Minerals' competitive advantage in the global copper market.

Institutional Investor Share: 60% (estimated, 2025)
Insider Buys/Sells: No significant transactions in the last quarter (2025)

The institutional investor share in First Quantum Minerals Ltd. is approximately 60%. This indicates that a majority of the shares are held by large institutional investors, suggesting a certain level of trust in the company's long-term stability and growth potential.

There were no significant insider buys or sells in the last quarter. This could suggest that the management and other insiders do not currently expect significant changes in the company's value or that they are satisfied with the current valuation of the company.

Market share of First Quantum Minerals Ltd.: Estimate: approx. 5% (2025)

Top competitors and their market shares:

1. BHP Group: approx. 15%
2. Rio Tinto: approx. 13%
3. Glencore: approx. 12%
4. Vale S.A.: approx. 10%
5. Anglo American: approx. 8%
6. Freeport-McMoRan: approx. 7%
7. First Quantum Minerals Ltd.: approx. 5%
8. Teck Resources: approx. 4%
9. Antofagasta: approx. 3%
10. Southern Copper: approx. 3%

Moat of First Quantum Minerals Ltd.:

First Quantum Minerals Ltd. has a moderate moat, mainly supported by its geographic diversification and expertise in copper mining. The company has significant mining projects in various regions, making it more resilient to regional political and economic risks.

Compared to larger competitors like BHP Group and Rio Tinto, which have a broader product range and greater financial resources, the moat of First Quantum is less pronounced. These competitors often benefit from economies of scale and a stronger global presence.

However, First Quantum has a competitive advantage in certain areas through specialized technologies and efficient production methods. The focus on technological innovations and sustainable practices could further strengthen the company's moat in the future.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Copper Production: 816,000 tons (2024)

First Quantum Minerals Ltd. recorded solid revenue growth of 8.5% in 2024, attributed to stable demand for copper and other metals. The company also managed to increase its profit growth to 10.2%, indicating efficient cost controls and improved production efficiency.

The copper production of 816,000 tons in 2024 demonstrates that First Quantum Minerals has achieved its production targets, which is advantageous given the global demand for copper for infrastructure and technology solutions.

In the long term, First Quantum Minerals' stock could be an attractive investment, especially if the demand for copper continues to rise and the company efficiently expands its production capacities. However, investors should also consider geopolitical risks and the volatility of commodity markets.

Dividend yield: 1.5% (estimated for 2025)
Dividend history: Irregular payouts in recent years

First Quantum Minerals Ltd. has pursued an irregular dividend policy in the past. The company is heavily dependent on fluctuations in commodity prices, especially copper, which affects its ability to reliably distribute dividends.

In recent years, First Quantum has adjusted its dividend policy to meet financial requirements and investment plans. While it has paid dividends in some years, there have also been periods where payouts were suspended to secure capital for growth projects.

A dividend yield of approximately 1.5% is expected for 2025, based on current market conditions and the company's strategic direction. However, investors should consider the volatility of commodity markets and the company's investment plans when assessing the reliability of dividend payments.