29Metals Soars as Copper Prices Near All-Time Highs

29Metals (ASX:29M) shares rose 4.76% on August 10, 2026, as copper prices hovered near all-time highs.

This move is a welcome relief for the company, which has spent years rebuilding investor trust after a costly flood at its Capricorn Copper mine.

The rally comes just days after 29Metals presented at the Diggers and Dealers Mining Forum in Kalgoorlie and roughly three weeks after its June quarter production report.

Copper miners tend to move together when the metal is rallying, and 29Metals, as a pure-play copper-and-base-metals producer with high operational leverage to the copper price, caught a bid on this day.