An AI-based strategy to get the most out of raw materials🤖🤖🤖🤖🤖🤖🤖🤖
ProPicks’ AUMT10 strategy has generated a return of +5.01% between September 1 and 23, 2026, while the S&P/ASX 200 Materials fell by -6.01% over the same period, according to data from the platform. The difference—+11.02 percentage points of alpha—makes it one of the best-performing strategies of the month across the entire platform, alongside a group of Brazilian names.
AUMT10, a basket of ten Australian mining and industrial stocks managed by ProPicks, has direct exposure to copper in several of its components, which is key to understanding September’s divergence. Sandfire Resources (ASX: SFR), which Macquarie highlights as its preferred name in the Australian copper segment with a target price of 21 Australian dollars (according to Kalkine), is the most-cited company in the basket: the firm reported statutory net profit of 354 million Australian dollars in FY2026, 294% higher than the prior year, supported by production of 154.2 kilotonnes of copper equivalent from its Motheo and MATSA mines.
The backdrop is the red metal’s bullish streak. Copper on the London Metal Exchange hit an all-time high of $14,779 per tonne on September 8, 2026, up +48% year over year, driven by Chinese spending on electrical grids, demand from data centers and renewables, and 50% tariffs applied by the United States on certain copper products, according to the Institute for Energy Research.
$QQQ
ProPicks’ AUMT10 strategy has generated a return of +5.01% between September 1 and 23, 2026, while the S&P/ASX 200 Materials fell by -6.01% over the same period, according to data from the platform. The difference—+11.02 percentage points of alpha—makes it one of the best-performing strategies of the month across the entire platform, alongside a group of Brazilian names.
AUMT10, a basket of ten Australian mining and industrial stocks managed by ProPicks, has direct exposure to copper in several of its components, which is key to understanding September’s divergence. Sandfire Resources (ASX: SFR), which Macquarie highlights as its preferred name in the Australian copper segment with a target price of 21 Australian dollars (according to Kalkine), is the most-cited company in the basket: the firm reported statutory net profit of 354 million Australian dollars in FY2026, 294% higher than the prior year, supported by production of 154.2 kilotonnes of copper equivalent from its Motheo and MATSA mines.
The backdrop is the red metal’s bullish streak. Copper on the London Metal Exchange hit an all-time high of $14,779 per tonne on September 8, 2026, up +48% year over year, driven by Chinese spending on electrical grids, demand from data centers and renewables, and 50% tariffs applied by the United States on certain copper products, according to the Institute for Energy Research.
$QQQ
