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Freeport McMoRan ( FCX +2.5% ) nearly matches its 52-week high as copper inventories in warehouses tracked by the London Metal Exchange fell 2.3% to 107.5K tons, the lowest since August 2007, according to Bloomberg. More news on: Freeport-McMoRan Inc., Rio Tinto Group, BHP Group, Energy ...
Freeport McMoRan ( FCX +9% ) spikes to a 52-week high as copper prices surge after robust factory data in China raises hopes of a demand rebound in the world's top metals consuming country. More news on: Freeport-McMoRan Inc., Copper Futures, Rio Tinto Group, Commodities news, Stocks...
Anglo American's ( OTCQX:AAUKF , OTCPK:AAUKY ) South African iron ore business expects prices to ease " falling back to a level of $90/ton for the rest of the year , which is still a very good price," says Kumba Iron Ore head of marketing Timo Smit. More news on: Anglo American plc, Anglo...
London copper closed -1.7% to $6,386/ton as concerns fade for now over the outlook for supplies from South America. More news on: Antofagasta plc, Freeport-McMoRan Inc., Rio Tinto Group, Commodities news, News on ETFs, Read more ...
Copper prices ( HG1:COM ) spike to two-year highs , as supplies are threatened by potential strikes in top producer Chile and flooding in China. More news on: Copper Futures, Antofagasta plc, Freeport-McMoRan Inc., Commodities news, Stocks on the move, News on ETFs, Read more ...
It's no coincidence that the price of copper and coronavirus cases in Chile are climbing together , as the country that accounts for more than 25% of the world's copper supply suffers a surge in virus cases among its mineworkers. More news on: Freeport-McMoRan Inc., BHP Group, Rio Tinto G...
Iron ore continues to climb, reaching $103.55/ton, and has held above $100 nearly every day since late May as major supplier Brazil continues to struggle with its coronavirus outbreak, raising the risk of mine disruptions. More news on: Vale S.A., Rio Tinto Group, BHP Group, Commodities ne...
Dalian iron ore futures conclude a seventh consecutive weekly gain , as spot prices stayed near 10-month highs supported by strong demand underpinned by China's infrastructure development push to support the economy. More news on: Rio Tinto Group, BHP Group, Fortescue Metals Group Limited...
By Felipe Bijit There is a rather sensible notion that basic materials investments are good buys in uncertain times because they mine commodities that are a natural store of value like gold and silver, a hedge against inflation and international economic instability. Many commodities have ...
Copper miners including Freeport McMoRan ( FCX +3.2% ) and First Quantum Minerals ( OTCPK:FQVLF +0.7% ) likely will outperform the broader market if positive trends continue for the metal in the current "fertile" environment, Jeffries analysts Timothy Ward and Chris LaFemina say. More ...