Copper Giant Amman Mineral Set to See Profits Explode 223% as New Mining Era Begins

JAKARTA, Investortrust.id — PT Amman Mineral Internasional Tbk (AMMN), one of Indonesia’s largest copper and gold mining heavyweights, is entering a hyper-growth supercycle that has analysts predicting a massive 100% stock price explosion.

Equity research firm KB Valbury Sekuritas officially slapped a "Buy" rating on the stock with a screaming price target of Rp 6,500 ($0.41) per share. This bullish outlook comes as the company successfully normalizes mining operations at its high-grade Phase 8 expansion, a move set to trigger a structural transformation in the company’s output capacity just as global copper markets face an acute deficit.

Amman Mineral represents a pure-play vehicle to ride the structural tailwinds of the global artificial intelligence (AI) data center boom and the ongoing electric vehicle (EV) revolution. With copper demand projected to leap 24% to over 47 million short tons by 2035, AMMN is unlocking massive production volumes at the perfect time. Furthermore, because copper and gold prices are breaking records due to geopolitical anxieties and central bank buying, the company is positioned to capture expanded margins on every ounce it extracts.

Production Volumes Set to Explode

The primary catalyst behind the company's valuation rerating is the operational turnaround at Phase 8, an expansive reserve holding 487 million short tons of ore that accounts for 63% of the miner's total resource base. Having finally cleared away the low-grade topsoil overburden, AMMN is unlocking highly concentrated, high-margin ore bodies.

Total mining volume is expected to rocket 79.1% year-on-year to roughly 882,000 short tons in 2026. This immense throughput will translate into an estimated 430 million pounds of copper and 510,000 ounces of gold.

Stunning Financial Rerating Ahead

This volume explosion, combined with the maiden full-year operational launch of its domestic downstream processing facilities, will fundamentally rewrite the company’s balance sheet. Downstream copper products are expected to generate over 50% of the conglomerate's total consolidated revenue moving forward.

"With a combination of increased production and downstream product contributions, AMMN's revenue is projected to reach $3.79 billion in 2026, or a 105.2% jump compared to the previous year," noted KB Valbury Sekuritas analysts Ashalia Fitri Yuliana and Naufal Rafi Kamal in their research briefing published Tuesday morning. The analysts further estimated that revenue will continue its upward march to hit $4.18 billion by 2027.

The bottom-line expansion is even more explosive. The company’s EBITDA is tracking toward $1.94 billion this year, while net profit is projected to jump 223.7% annually to hit $806 million. Looking further ahead into 2027, net profit is forecast to advance another 11.5% to touch $899 million.

Riding the AI and Electrification Wave

The structural copper deficit expected to hit global metals markets starting this year will act as an earnings multiplier for the Indonesian miner. Demand is accelerating rapidly due to the massive electrical grid upgrades required to power generative AI applications and industrial automation across major western and Asian economies.

"On the other hand, AMMN is considered to be in an advantageous position to capitalize on the gold market outlook," the KB Valbury research team added in their Tuesday report. They emphasized that global geopolitical instability and steady central bank accumulation will act as a permanent floor for gold prices, protecting the company's auxiliary revenues. However, analysts cautioned that investors must monitor baseline execution risks, including potential downstream project delays, unexpected regulatory changes in Jakarta, or sudden drops in global spot commodity prices.