ANFGF News and Press, Antofagasta Plc From 07/15/22

Due to current market conditions in China, Russia's Udokan and Mongolia's Oyu Tolgoi pose significant risks to the prosperity of Chilean mining companies. Antofagasta looks like an obvious outsider, being overvalued relative to its peers in terms of valuation multiples, key operating ...

The U.S. Forest Service issued a draft environmental assessment on Thursday to lay the foundation for a proposed 20-year moratorium on copper-nickel mining upstream from the Boundary Waters Canoe Area Wilderness in Minnesota, AP reports. The plan could doom Antofagasta's (OTC:ANFGF) proposed ...

Copper and other industrial metals fell again on Friday, as renewed COVID-19 restrictions in China threaten to derail the economy's reopening. Three-month copper (HG1:COM) on the London Metal Exchange fell slightly to $9,583.50/metric ton after dropping 1.2% in the previous session, while LME...

Copper prices fell in early London trading on Thursday, as the renewal of some lockdown restrictions in China spark demand concerns, even as government data showed a faster than expected pickup in Chinese exports. Three-month copper (HG1:COM) on the London Metal Exchange -1.1% to $9,622/metri...

Chinese iron ore futures extended last week's strong gains to reach a 10-month high on Monday, Reuters reports, as shrinking stocks at Chinese ports boosted a rally sparked by optimism around the lifting of COVID-19 restrictions that have hurt steel demand. Coking coal also extended gains to ...

Comex copper +5.2% to $4.556/lb (HG1:COM) in Thursday's trading, as China's strict COVID-19 lockdowns appear to be on the wane and China's cabinet announced a package of fiscal, financial, investment and industrial policies to revive its pandemic-ravaged economy. Freeport McMoRan (NYSE:F...

Antofagasta plc offers a starting 7.5% dividend yield. The dividend payment is unstable and prone to external factors that management cannot control. The company has no competitive advantage and has a high production cost per unit. For further details see: Antofagasta: 7...

Top copper producers including BHP (NYSE:BHP) and Freeport McMoRan (NYSE:FCX) likely will avoid drastic changes in the way they conduct business in Chile, according to Bloomberg, as writers of the country's new constitution concluded deliberations on mining proposals. In a vote held over the ...

Copper and aluminum prices fell to three-month lows on Tuesday, on worries over softening demand in light of slowing manufacturing activities in China and the U.S., along with a stronger dollar, expected interest rate hikes in the U.S., and the war in Ukraine, which is pushing up energy price...

The Polaris International Equity Composite returned -5.24%. Now with ‘higher inflation for longer’ rhetoric, commodities have another leg up as in the past they have served as a hedge against inflation. We are considering the risks of a big slowdown in Europe, contin...