Loading
Nevada Copper announces $71m financing to navigate financial difficulty
Nevada Copper plans to raise, through a bought deal offering of 643.7 million units of the company at C$0.15 per unit, approximately C$97 million (about $71 million) to address the company’s “serious financial difficulty.” The US-focused copper miner has entered into...
Copper price near 2-year high after Chinese imports rocket
In March, the bellwether metal briefly traded below $2.00, levels last seen during the global financial crisis of 2008-2009, but has now recovered by nearly 50%. Customs data released overnight showed China’s unwrought copper imports (anodes and cathodes) in June rose...
Overview Market Close – July 14, 2020
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 26,642.59 +556.79 +2.13% S&P 500 INDEX 3,197.52 +42.30 +1.34% NASDAQ COMPOSITE INDEX 10,488.58 +97.73 +0.94% NYSE COMPOSITE INDEX 12,204.21 +189.54 +1.58% S&P/TSX COMPOSITE INDEX 15,908.45 +269.04...
Labor tensions add to copper’s steady drumbeat of supply threats
The steady stream of supply news fueling copper’s rally continued on Monday, with one Chilean mine reportedly cutting its workforce and another facing a strike. Lundin Mining Corp.’s Candelaria is reducing its headcount by 7% as the coronavirus pandemic spreads in the...