After a poor end to 2024, copper futures recently started to climb again. We expect copper prices to strengthen from here in response to global growth. Sandfire increased group copper equivalent production to 75,100 tonnes in the first half of fiscal year 2025, representing 49 per cent of annual guidance. The company has significantly reduced debt since the end of fiscal year 2024. The share price charts were recently showing an upside breakout, which should see SFR trending higher from here.