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Future copper supply imperiled by project freeze at top producer
The pandemic is raising questions over the biggest copper producer’s ability to maintain output levels in the coming years and satisfy growing global demand. Like many of its private-sector peers, state-owned Codelco has largely given up on project development for the...
Freeport CEO says no change of plans despite copper price rally
Shares in US copper giant Freeport McMoRan declined by as much as 2.3% in New York trading on Thursday after the company released results that disappointed markets despite a swing to profit. The company announced net income attributable to common stock of $53 million,...
Teck’s Chile expansion delayed by up to six months
Teck Resources, Canada’s largest diversified miner, could see its Quebrada Blanca Phase 2 (QB2) expansion project in Chile delayed by up to six month due to covid-19 disruptions. Delivering results for the second-quarter, in which Teck recorded a $149 million-loss,...
Overview Market Close – July 23, 2020
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 26,652.33 -353.51 -1.31% S&P 500 INDEX 3,235.66 -40.36 -1.23% NASDAQ COMPOSITE INDEX 10,461.42 -244.71 -2.29% NYSE COMPOSITE INDEX 12,510.87 -58.20 -0.46% S&P/TSX COMPOSITE INDEX 16,018.65 -152.41...