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First Quantum Minerals Ltd (FM.TO) — chart, structure and Closelook read

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Company snapshot — First Quantum Minerals Ltd

FM.TO in five paragraphs: what it makes and sells, where it sits in the Closelook stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
First Quantum Minerals explores for and produces copper, alongside gold, nickel, silver and zinc, through mining and processing operations. Its main project, Kansanshi in Zambia, is wholly owned by the company. It is based in Vancouver, Canada, and operates the mines that yield these metals rather than trading them.
Where it sits in the stack
First Quantum holds no seat in Closelook's Rubin or Halo indices. It sits in our Basic Materials sleeve, under the Copper industry heading, among the Canada-listed miners tracked in the same part of the universe.
Who it is priced against
Closelook groups it with other Basic Materials names based in Canada, including Barrick Gold, Lundin Mining, Capstone Mining, Dundee Precious Metals, Lundin Gold, G Mining Ventures, China Gold International Resources and Discovery Silver; the wider market comparison is Freeport-McMoRan, another large copper producer.
Why Closelook tracks it
First Quantum carries a Closelook score built from seven modules, with the momentum module reading strongest and the quality module weakest. It has no seat in Rubin or Halo and has not featured in the diary's editions.
What the diary watches
The diary watches whether the quality module recovers alongside the stronger momentum reading, and whether output from the Kansanshi project keeps supporting the copper exposure behind the score.

First Quantum Minerals Ltd (FM.TO) trades on the TO exchange in Canada.

Written from the company’s public profile and Closelook’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

Signals for this name

Every Closelook reading that exists for FM.TO, from the same nightly bakes the boards use. Research diary readings, not advice.

Who it is priced against Copper · Canada · 3 names with week and year-to-date

Peer group

Copper · Canada

This name carries no Closelook score, so its cohort ranks on trend state — distance to the 50- and 200-day averages — never on a score it does not have.

Compared against FM.TO on the nightly bakes; the Peers tab ranks the cohort on the Closelook scores where it exists.

Weather around the name 3 macro readings: Money Temperature, Factor regime, Sovereign pressure

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 50/100 · S&P 500 fund at 49, above its 50- and 200-day averagesEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-09-18
  • Factor regime Momentum leading — risk appetite buildingMomentum against low volatility (SPMO / SPLV): above its 50-day trend, 97th percentile of the window, +4.9% over 20 sessions. Factor regime → 2026-09-18
  • Sovereign pressure Index 0.07 · down 0.41 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-09-18

FAQ · from the current data · as of 2026-09-19

Quick answers

What is First Quantum Minerals Ltd (FM.TO)?

First Quantum Minerals Ltd trades as FM.TO on the TO exchange (Canada) in the Closelook research universe, as of the registry build of 2026-09-19.

Is FM.TO in a Closelook index?

Not currently — First Quantum Minerals Ltd is tracked in the Closelook research universe but is not a constituent of a Closelook functional index as of 2026-09-19.

Where does FM.TO trade against its moving averages?

Uptrend stack intact: Trades +2.5% vs the 50-day and +13% vs the 200-day average, 11.6% below the 52-week high and +67.1% off the 52-week low. Computed from daily closes. As of 2026-09-18 — a technical state from the nightly Closelook bake, not advice. The Technical tab carries the full row.

What does First Quantum Minerals Ltd do?

First Quantum Minerals explores for and produces copper, alongside gold, nickel, silver and zinc, through mining and processing operations. Its main project, Kansanshi in Zambia, is wholly owned by the company. It is based in Vancouver, Canada, and operates the mines that yield these metals rather than trading them. Closelook groups it with other Basic Materials names based in Canada, including Barrick Gold, Lundin Mining, Capstone Mining, Dundee Precious Metals, Lundin Gold, G Mining Ventures, China Gold International Resources and Discovery Silver; the wider market comparison is Freeport-McMoRan, another large copper producer.

Where does First Quantum Minerals Ltd sit in the AI build-out?

First Quantum holds no seat in Closelook's Rubin or Halo indices. It sits in our Basic Materials sleeve, under the Copper industry heading, among the Canada-listed miners tracked in the same part of the universe. First Quantum carries a Closelook score built from seven modules, with the momentum module reading strongest and the quality module weakest. It has no seat in Rubin or Halo and has not featured in the diary's editions.

What does this page show?

A live price chart with SMA overlays and drawing tools for FM.TO, performance metrics, index-membership context and the Closelook structure read — an investment research diary view, not investment advice.

Related in the Closelook universe

then Copper, then Basic Materials. Scored names rank on their Closelook score; names without one rank on trend state — above or below their 50- and 200-day averages — never on a score they do not carry.