1. Limited diversification - First Quantum Minerals Ltd may have a narrower range of products or services compared to its peers, which could limit its ability to adapt to changing market conditions or take advantage of new opportunities.

2. Geographic concentration - The company's operations may be concentrated in a specific region or country, making it more vulnerable to political, economic, or regulatory risks in that particular area.

3. Higher debt levels - First Quantum Minerals Ltd may have higher levels of debt compared to its peers, which could increase its financial risk and limit its ability to invest in growth initiatives or withstand economic downturns.

4. Reliance on commodity prices - The company's profitability may be heavily dependent on the prices of commodities it produces, such as copper or nickel. Fluctuations in commodity prices could significantly impact its financial performance.

5. Environmental and social risks - First Quantum Minerals Ltd may face challenges related to environmental sustainability and social responsibility, which could lead to reputational damage or increased regulatory scrutiny.

6. Limited economies of scale - The company's smaller size compared to its peers may result in limited economies of scale, making it less cost-efficient and potentially less competitive in terms of pricing or operational efficiency.