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Antofagasta is relatively overvalued and has high production costs relative to peers. Management did a great job at building a strong balance sheet with net debt close to zero. We are neutral as Antofagasta does not fit the profile we look for; however, copper prices seem to remai...
SimoneN/iStock via Getty Images China says it will release national reserves of major base metals over the short term in an effort to stabilize surging commodities prices. China's National Food and Strategic Reserves Administration says it will release reserves including copper, aluminum and ...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Copper is one of the oldest metals known to humans. March 2020 saw the cash price of copper hit a multi-year low of $4,617 per ton on the London Metal Exchange. Since then, along with many asset classes, copper has surged t...
Iron ore prices (SCO:COM) jumped for the second straight day, helped by reports that Chinese steel hub Tangshan might ease restrictions of steel production at its mills.[[RIO]] +3.4%, [[VALE]] +3.4%, [[NGLOY]] +3.3%, [[GLNCY]] +3%, [[BHP]] +2.6%.Benchmark 62% Fe fines (TIOC:COM) imported into...
Legislation pending in Chile's senate bill to raise royalties on mining companies would put at risk more than 1M metric tons of annual copper production, Goldman Sachs says.The bill would impose a royalty as high as 75% on sales of copper, as prices rise to pay for social programs during the ...
Prices for Chinese steel and iron ore plunged overnight as the Chinese government continues efforts to tamp down soaring commodity prices, with the chairman of the Shanghai Futures Exchange telling a forum the bourse would "closely track market changes, vigorously investigate abnormal transac...
A U.S. district judge yesterday rejected another attempt by opponents of the proposed Twin Metals copper-nickel mine in Minnesota to invalidate the mineral rights leases needed for the project.New arguments raised by environmentalist groups in the 2020 lawsuit would not have changed the outco...
Metals and mining stocks are on watch after iron ore futures (SCO:COM) in Singapore and Dalian both rallied more than 8% overnight, extending their record highs well past $200/ton, as strong demand from top buyer China leaves supplies stretched."This sector is very, very hot, and just when Ch...
Prices hit over $9,600 per metric ton in late February but have since fallen back. Not surprisingly, Chinese smelters are putting plants onto maintenance until the situation improves. JPMorgan is forecasting copper prices to peak at $9,000 per ton this quarter and slide back to $7...
Workers at Antofagasta's (ANFGF) Los Pelambres copper mine in Chile have accepted a three-year contract offer, the local union says, averting a strike at the company's biggest operation.Members of the main union voted 71% in favor of the proposal after a lengthy negotiation that included two ...
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Over the past two decades, royalty and streaming companies have garnered considerable buzz in the precious metals industry. Industry giants like Franco-Nevada (TSX: FNV ,NYSE:FNV) and Wheaton Precious Metals (TSX: WPM ,NYSE:WPM) have market caps worth tens of billions of dolla...
If you believe in the so-called "clean energy transition," then you almost certainly believe that demand for copper is going to rise significantly in the decades to come. That's what major copper miners Freeport-McMoRan (NYSE: FCX) , Southern Copper (NYSE: SCCO) , and the U....