Why the Oz Minerals (ASX:OZL) share price is up 78% in 2020

South Australia’s Oz Minerals Limited (ASX: OZL) is rounding off an exceptional year. With the Oz Minerals share price up 78%, it’s the ninth best performer on the S&P/ASX 200 Index (ASX: XJO) in 2020.

The broader ASX 200 is flat over that same period.

How has the Oz Minerals share price outperformed?

The remarkable 78% year-to-date gains for the Oz Minerals share price come despite the company’s shares having plunged 41% earlier this year during the pandemic-fuelled market panic.

Oz Minerals shares bottomed at $5.99 on 23 March before staging a mighty rebound, gaining 213% since that low to today’s $18.72 per share (at the time of writing).

Shareholders have much to thank for Oz Minerals’ success this year, including…