# First Quantum Minerals (TSE: FM) Critical Minerals Exposure

First Quantum Minerals is linked to 2 critical minerals: a producer of copper and nickel. It is listed on the Toronto Stock Exchange as FM and based in Canada.

Source: https://www.stockatomics.com/companies/first-quantum-minerals-tse-fm
Exchange: TSE
Ticker: FM
Country: Canada
Production verified from filings: yes

## Critical minerals linked to First Quantum Minerals

| Mineral | Role | Price per kg (USD) | 1M change | Stocks |
| --- | --- | --- | --- | --- |
| [Copper](https://www.stockatomics.com/commodities/copper-price-us) | Producer | $13.92 per kg contained | +2.2% | [Copper stocks](https://www.stockatomics.com/commodities/copper-stocks) |
| [Nickel](https://www.stockatomics.com/commodities/nickel-price-us) | Producer | $17.24 per kg contained | −5.8% | [Nickel stocks](https://www.stockatomics.com/commodities/nickel-stocks) |

## Sectors First Quantum Minerals serves

- [AI](https://www.stockatomics.com/sectors/ai)
- [Batteries](https://www.stockatomics.com/sectors/batteries)
- [Defence](https://www.stockatomics.com/sectors/defence)
- [Electric Vehicles](https://www.stockatomics.com/sectors/electric-vehicles)
- [Power Grids](https://www.stockatomics.com/sectors/power-grids)
- [Robotics](https://www.stockatomics.com/sectors/robotics)
- [Semiconductors](https://www.stockatomics.com/sectors/semiconductors)

## About First Quantum Minerals

First Quantum Minerals is a Canadian copper miner whose largest assets are in Zambia, where it runs the Kansanshi and Sentinel mines. Its Cobre Panamá mine, one of the newest large copper mines in the world, stopped producing in late 2023 following a ruling by Panama's Supreme Court, and the company also mines nickel at Enterprise in Zambia.

## First Quantum Minerals' critical minerals business

Copper is First Quantum Minerals' main critical mineral, produced at Kansanshi and Sentinel in Zambia's Copperbelt. It also produces nickel at Enterprise, a sulphide deposit in Zambia, and has produced it in Western Australia at Ravensthorpe. Its Zambian copper goes mostly to smelters and buyers in Asia and the Middle East, feeding wiring, power infrastructure and electric vehicles.

## Where First Quantum Minerals operates

First Quantum Minerals' producing copper mines are Kansanshi and Sentinel in Zambia's North-Western Province, with nickel from Enterprise nearby. Cobre Panamá is in Colón province, Panama, and Ravensthorpe in Western Australia has been on care and maintenance.

## In the Stockatomics Terminal

Share price against its minerals, mineral exposure by value, the exposure score and its components, verified production with sources, downstream demand exposure and catalysts affecting First Quantum Minerals.

## FAQ

### Which critical minerals does First Quantum Minerals produce?

First Quantum Minerals is linked to 2 critical minerals: it is a producer of copper and nickel. Each mineral's price is on its page: [Copper](/commodities/copper-price-us), [Nickel](/commodities/nickel-price-us).

### Is First Quantum Minerals a copper stock?

Yes. First Quantum Minerals is a producer of copper, one of the 20 listed companies Stockatomics links to it. [See all copper stocks](/commodities/copper-stocks).

### Is First Quantum Minerals a nickel stock?

Yes. First Quantum Minerals is a producer of nickel, one of the 7 listed companies Stockatomics links to it. [See all nickel stocks](/commodities/nickel-stocks).

### Where is First Quantum Minerals listed?

First Quantum Minerals is listed on the Toronto Stock Exchange under the ticker FM (TSE: FM), and is based in Canada.

### What happened to Cobre Panamá?

The mine stopped producing in late 2023 after Panama's Supreme Court ruled its operating contract unconstitutional. Its future has since been the subject of talks between First Quantum Minerals and Panama's government.

### Where does First Quantum Minerals produce nickel?

At Enterprise, a nickel sulphide mine in Zambia next to its Sentinel copper mine.

## Related companies

- [Anglo American](https://www.stockatomics.com/companies/anglo-american-lon-aal) (LON: AAL): Copper, Manganese, Metallurgical coal, Nickel
- [Antofagasta](https://www.stockatomics.com/companies/antofagasta-lon-anto) (LON: ANTO): Copper
- [Barrick Mining](https://www.stockatomics.com/companies/barrick-mining-nyse-b) (NYSE: B): Copper
- [BHP](https://www.stockatomics.com/companies/bhp-nyse-bhp) (NYSE: BHP): Copper, Metallurgical coal
- [Boliden](https://www.stockatomics.com/companies/boliden-sto-bol) (STO: BOL): Copper, Lead, Nickel, Tellurium, Zinc
- [Capstone Copper](https://www.stockatomics.com/companies/capstone-copper-tse-cs) (TSE: CS): Copper
- [CMOC Group](https://www.stockatomics.com/companies/cmoc-group-hkg-3993) (HKG: 3993): Cobalt, Copper, Niobium, Phosphate, Tungsten
- [Freeport-McMoRan](https://www.stockatomics.com/companies/freeport-mcmoran-nyse-fcx) (NYSE: FCX): Copper
- [Glencore](https://www.stockatomics.com/companies/glencore-otc-glcnf) (OTC: GLCNF): Chromium, Cobalt, Copper, Lead, Metallurgical coal, Nickel, Silver, Vanadium, Zinc
- [Hudbay Minerals](https://www.stockatomics.com/companies/hudbay-minerals-tse-hbm) (TSE: HBM): Copper, Silver, Zinc
- [Ivanhoe Mines](https://www.stockatomics.com/companies/ivanhoe-mines-tse-ivn) (TSE: IVN): Copper, Zinc
- [KGHM Polska Miedz](https://www.stockatomics.com/companies/kghm-otc-kghpf) (OTC: KGHPF): Copper, Silver

## Sources

- Company filings: First Quantum Minerals’ minerals and its role in each.
- U.S. Geological Survey (USGS): the US critical minerals list.
- Stockatomics: each mineral’s benchmark price per kg.

Last updated 18 October 2026.