Tighter supplies to create tailwind for copper prices
Mining News Pro - Mine closures and disruptions have rapidly changed the landscape for copper supplies and prompted analysts to lower their forecasts for surpluses in a positive signal for prices of the industrial metal.
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Freeport-McMoRan to slow expansions amid inflation, weak copper prices
Mining News Pro - Copper miner Freeport-McMoRan posted a better-than-expected third-quarter profit on Thursday, but said it would slow expansion plans due to inflation and slumping prices for the red metal used across the global economy.
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Antofagasta profit jumps despite lower copper prices, boosts dividend
Mining News Pro - Chilean miner Antofagasta (LON: ANTO) posted on Thursday a 7.5% increase in half-year profit as higher copper sales more than offset lower prices for the metal, considered essential for the world’s transition to a greener economy.
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Smaller miners’ hunger for cash grows as copper prices fall
Mining News Pro - A fall in copper prices is having an outsized impact on small and mid-sized miners, forcing many to cut output, and some are now open to raising funds from new investors to ride out the current downtrend, several company executives told Reuters.
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Copper price outlook for next year
Copper prices — traditionally a barometer for the global economy — are expected to soar next year
Mining News Pro - The metal has endured a tough 2022 due to tighter U.S. monetary policy, the energy crisis arising from Russia’s war in Ukraine and China’s combination of strict Covid-19 lockdowns and a weak property market.
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Consensus forecast is for two years of stagnant copper prices
Mining News Pro - The consensus forecast for average copper prices in 2023 is below current levels at around $7,660 per tonne, according to FocusEconomics with the lowest prediction at just $5,430 per tonne and the top end at an uninspiring $8,775 per tonne.
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Copper prices, company valuation multiples too low for sufficient supply response
Mining News Pro - The current and consensus forecast copper price levels are insufficient to incentivize additional supplies to come online in response to the approaching wall of demand as the world moves to a fully electrified economy, a senior Stifel GMB analyst tells The Northern Miner.
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Antofagasta profit, dividend hit records on soaring copper prices
Mining News Pro - Antofagasta saw profits surge to the highest ever last year on soaring copper and molybdenum prices, allowing it to pay the biggest dividend in the Chilean miner’s 134-year history.
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Rising copper prices boost Freeport-McMoRan profit
Mining News Pro - Copper miner Freeport-McMoRan Inc on Wednesday reported a 56% jump in quarterly profit that matched expectations as supply concerns and the global economic recovery from the pandemic drove up prices of the red metal.
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Mining stocks carnage as iron ore, copper prices fall
Mining News Pro - Iron ore extended its slump below $100 a tonne and copper prices dropped in New York on Monday as China stepped up restrictions on industrial activity and fears about the collapse of the country’s largest property developer intensified.
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Teck quarterly profit rises 4% on higher copper prices
Mining News Pro - Canadian miner Teck Resources said on Tuesday that quarterly adjusted profit rose 4% sequentially, driven by record-high copper prices.
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Freeport-McMoRan profit beats estimates on higher copper prices
Mining News Pro - Freeport-McMoRan Inc beat Wall Street’s expectations for second-quarter earnings on Thursday as the copper producer, one of world’s largest, benefited from higher demand and increased prices for the red metal.
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Freeport-McMoRan swings to quarterly profit on higher copper prices
Mining News Pro - Freeport-McMoRan on Thursday reported a first-quarter profit, compared with a year-ago loss, as the world's largest publicly traded copper producer benefited from higher prices for the red metal from improving global economic recovery prospects.
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Nickel, copper prices near new highs as China powers on
Mining News Pro - The copper price was once again within sight of more than two-year highs on Monday and nickel reached an 11-month peak after Chinese data showed growth in the world’s second-largest economy is gathering momentum.
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Freeport’s Grasberg go-go days back as gold, copper prices rally
Mining News Pro - Phoenix-based Freeport McMoRan’s iconic Grasberg mine in the Papua province of Indonesia will become an entirely underground operation in a little over a year – nearly doubling copper and gold output in the process.
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Copper prices soar as Codelco workers fall sick
Mining News Pro - Copper prices have continued their resurgence, finishing yesterday’s trading on the London Metal Exchange worth $US6112.50 ($8781) a tonne.
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Iron ore, copper prices surge despite China factory data shock
Mining News Pro - Copper and iron ore prices surged on Monday on hopes that China, responsible for more than 70% of the world’s seaborne iron ore trade and half the world’s copper consumption, will spend massively on infrastructure and manufacturing to revive an economy devastated by the coronavirus.
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Trade war has copper prices artificially low
Mining News Pro - The phase-one trade deal between the US and China may bring some relief to copper exporters, helping shore up the finances of Chilean State-run producer Codelco, Mining Minister Baldo Prokurica said.
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Weak Chinese industrial data drives copper prices lower
Mining News Pro - Copper clocked a third consecutive weekly fall on Friday after weaker than expected Chinese industrial data dampened expectations of demand from the largest metals consumer.
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Rising copper prices unlike iron and zinc by 2020
Mining News Pro - According to the latest forecast by the Australian Industry Organization, it is expected that iron and steel prices will decrease by 2020, but copper prices will increase.
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Sudden rise in copper prices
Mining News - Escondida Workers Strike with Police in March 2017
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Copper prices up on USD depreciation
Mining News Agency -According to the report, due to the US dollar index dropped these days, the international metal price went up. LME copper price rose over USD$7,000/ton over night from decline.
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Iron ore, copper prices recover after record Chinese imports
Mining News Agency - Copper and iron ore prices bounced back on Friday after customs data showing a sharp increase in imports by China as the country`s winter anti-pollution program cuts down domestic refinery and blast furnace production.
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