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Copper: price hovers around seven-week lows amid concerns over China’s economy and rising supply
Copper prices hovered around seven-week lows today, Wednesday, 16 August, amid concerns about the health of China's economy, the main metal consumer, and easing supply concerns. Three-month copper on the London Metal Exchange settled at $8,186/mt at 8:38 a.m. local...
Outokumpu seeks to expand after second quarter decline
Although nickel prices rose by more than 8 per cent in July, today, 16 August, LME quotations fell to a new low since September 2022, also breking down June's lows at $20.545/mt, settling at 07:35 (Italian time) in the $19.745/mt area. According to the recent earnings...
Copper: Antofagasta’s profit rises despite falling prices and increases dividend
Chilean miner Antofagasta has reported a 7.5% increase in half-year profits, thanks to higher copper sales that more than offset falling prices for the metal, which is considered essential for the world's transition to a greener economy. Earnings before interest,...
Glencore acquires 56.25 percent stake in Mara Copper and Gold project
Multinational mining and commodities trading group Glencore will acquire a 56.25 percent stake in the Mara Copper and Gold project in Argentina. The Swiss group finalized the deal with Canada's Pan America. In a move to boost Glencore's shares, this agreement gives it...