Commodity Prices: As a copper producer, COZ.MU's profitability and stock value are heavily influenced by global copper prices. Higher prices boost revenue.

Production Volume: COZ.MU's copper production levels directly impact revenue. Lower production can negatively affect earnings and the stock price.

Operating Costs: Rising costs, such as labor, energy, or equipment, can erode profitability, putting downward pressure on the stock.

Economic Growth: Global economic growth, particularly in China and other developing nations, drives copper demand, influencing the stock. Slower growth can decrease demand.

Interest Rates: Higher interest rates can increase borrowing costs for COZ.MU, potentially impacting expansion plans and stock valuation.

Exchange Rates: Currency fluctuations, especially between the Zambian Kwacha (where they operate) and major currencies, affect revenue reported in foreign currencies.

Government Regulations: Changes in mining regulations, royalties, or environmental policies in Zambia can impact COZ.MU's operating costs and profitability.

Political Stability: Political instability or policy uncertainty in Zambia can create risks for investors, leading to stock price volatility.

Company News: Announcements regarding exploration results, project developments, mergers, or acquisitions can all significantly affect investor sentiment and the stock price.

Market Sentiment: General market trends and investor sentiment toward the mining sector can influence the demand for COZ.MU shares, regardless of the company's specific performance.