Copper Stocks Articles

Top Stocks of the day: Southern Copper Corp. (NYSE:SCCO) - The News Journal

Tue, 19 Apr 2016 06:47PM / James Banner

Amid the topmost stocks in today's market is Southern Copper Corp. (NYSE:SCCO). Southern Copper Corp. had a market cap of 21691.43, indicating that it has a good hold on the market value of the shares outstanding. The current market cap of Southern Copper Corp. exhibits the basic determinant of asset allocation and risk-return parameters for its stocks.The P/E of Southern Copper Corp. is currently...Read More

Delays in rollout of autonomous technology forces Rio Tinto to cut iron ore guidance

Apr. 19, 2016, 2:33 AM / Cecilia Jamasmie

A delay in the rollout of Rio Tinto's (LON, ASX:RIO) much-anticipated autonomous railway system has forced the miner to cut its iron ore production guidance for 2017 by as much as 20 million tonnes.Delivering its first quarter results Tuesday, the world's No. 2 iron ore producer said that despite the holdup it remains on track to meet output target for this year, which is expected to hit a record...Read More

PE opportunities switching to base metals

18 Apr 2016 10:34 / Mining Journal

As a result, the need to complete deals in order to secure much needed funds has become less urgent.Isser Elishis, chief investment officer of North America's Waterton Global Resource Management told Bloomberg the best investment opportunities are currently in base metals and that he expects to do half-a-dozen transactions in this space this year.The copper price is up a less impressive 3.5% this...Read More

Fortune Minerals announces appointment of former Minister David Ramsay to the Board of Directors

Apr. 18, 2016, 9:43 AM / Fortune Minerals

LONDON, ON, April 18, 2016 /CNW/ - Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) announces the appointment of former minister of the Government of the Northwest Territories ("GNWT") Mr. David Ramsay to the Company's board of directors. Mr. Ramsay has more than 20 years of elected public office experience in the Northwest Territories, which...Read More

World's largest underground copper mine remains shut on heavy rains, mudslides

Apr. 18, 2016, 7:25 AM / Cecilia Jamasmie

Chile's Codelco, the world's No.1 copper producer, said Monday that its El Teniente mine will remain closed until at least Thursday, following torrential rains that hit the central part of the country over the weekend, causing major damages and leaving an estimated 4 million people without drinking water.Codelco warned that for each day the mine remains inactive, it loses about 1,500 tonnes of cop...Read More

Community opposition forces Newmont to abandon Conga project in Peru

Apr. 18, 2016, 3:18 AM / Cecilia Jamasmie

Output from Conga was supposed to replace production from the nearby Yanacocha mine (pictured), which is running out of gold. (Image from archives)Newmont Mining Corp's (NYSE:NEM), the world's 2nd largest gold miner, is walking away from its $5 billion Conga copper and gold project in Peru after year of relentless community opposition.In its annual filing with the U.S. Securities and Exchange Comm...Read More

Heavy rains shut down copper mines in Chile

Apr. 17, 2016, 3:44 PM / Andrew Topf

Operations at two of the world's largest copper mines have been suspended following a weekend deluge in central Chile.Bloomberg reported on Sunday that Codelco's El Teniente underground mine put a halt to mining activities after the Cachapoal River broke its banks."Service restoration work to resume production is estimated to take at least three days, equivalent to 5,000 metric tons of copper prod...Read More

Apple got $40 million in gold from recycled iPhones last year

Apr. 15, 2016, 3:53 AM / Cecilia Jamasmie

Ever since Apple launched its 18-karat gold case watch, speculation about the technology giant and its interest in acquiring large amounts of the precious metal has mounted.Apple recovered last year over 61 million pounds of steel, aluminum, glass, and other materials, including 2,204 pounds of gold.The latest rumour indicates that the California-based company just raked $40 million worth of gold...Read More

Afghan mineral wealth being looted by strongmen, experts say

Apr. 15, 2016, 12:30 AM / Associated Press

The brilliant blue stone lapis lazuli, prized for millennia, is almost uniquely found in Afghanistan, a key part of the extensive mineral wealth that is seen as the best hope for funding development of one of the world's poorest nations.Instead, the stone has become a source of income for the Taliban, smugglers and local warlords, emblematic of the central government's struggle to gain control ove...Read More

Spill at Teck's plant in Canada now contained, no risks to human health

Apr. 14, 2016, 4:45 AM / Cecilia Jamasmie

Shares in Teck Resources (TSX: TCK.B) (NYSE:TCK), Canada's largest diversified miner, were trading moderately lower Thursday after the company confirmed a spill of metal-contaminated water at its Trail smelting and refining plant in British Columbia.The stock was down 0.37% $8.52 in New York at 9:39 am, but it has had an amazing 2016 so far - it has climbed almost 120% since January.In February th...Read More

Could Record Chinese Copper Imports Support Freeport-McMoRan? - Market Realist

Wed, 13 Apr 2016 05:18PM / Mark O'Hara

Record Chinese copper importsChina isn't self-sufficient when it comes to raw material needs, and is thereby the world's largest copper consumer. China needs to import raw copper for its smelters and refining plants. While copper mining is concentrated in Latin America (ILF) (ECH), more than half of the world's copper is consumed in Asia. China is the largest importer of copper ores, anodes, and r...Read More

Did BHP just call the bottom of the mining cycle?

Apr. 13, 2016, 4:53 PM / Frik Els

BHP Billiton chief executive Andrew Mackenzie was upbeat about the outlook for the world's top mining company in an interview published Saturday in the The Australian.A turnaround in the prices of the commodities the Melbourne-based giant produces would be volatile and prolonged and in some cases markets will take "a very long time" to come back into balance Mackenzie told the newspaper."If you l...Read More

Key Stocks of the Day: Southern Copper Corp. (NYSE:SCCO) - The News Journal

Wed, 13 Apr 2016 04:09PM / Adam Costello

As it reflects the theoretical cost of buying the company's shares, the market cap of Southern Copper Corp. (NYSE:SCCO) is currently rolling at 20895.88, making it one of the key stocks in today's market. Hence, the existing market cap indicates a preferable measure in comprehending the size of the company rather than its worth.Southern Copper Corp.'s P/E ratio is measuring at 29.57 with a forward...Read More

Here's how much Canadian miners are currently making

Apr. 13, 2016, 11:05 AM / CareerMine

Canadians working in the mining industry, one of the country's largest industrial sectors, are the highest paid, surpassing the average earnings of workers in forestry, manufacturing, finance and construction.After a recent salary survey, mining jobs and employment opportunities leader CareerMine found that miners in Canada earn over $110,000 a year, or about $31,000 to $46,000 more than the avera...Read More

Copper price jumps on record Chinese imports

Apr. 13, 2016, 10:13 AM / Frik Els

In New York trade on Wednesday copper for delivery in May gained for the fourth day in a row after customs data from top consumer China showed a huge jump in imports of the red metal.May copper futures jumped to $2.18 per pound or around $4,805 a tonne, up 1.5% from Tuesday's close before paring some of those gains by lunchtime. The price of copper is up 12.6% from a seven-year low hit mid-January...Read More

Canada's mining industry backs national carbon price

Apr. 13, 2016, 5:05 AM / Cecilia Jamasmie

Canada's largest mining companies have endorsed the federal government's effort to establish a national price on carbon pollution, publishing Wednesday a series of principles local miners believe should be part of a national policy on climate change.In its proposal, the Mining Association of Canada (MAC) recommends, among others, the adoption of a broad-based carbon price applicable to all sectors...Read More

Lucrative Stocks in today's market:Southern Copper Corp., (NYSE:SCCO) - The News Journal

Tue, 12 Apr 2016 06:37PM / James Banner

With the amassed value of the company based on its existing stock price alongside the total amount of outstanding stocks, today's market cap for Southern Copper Corp. is valued at 20244.32. The value of the Market cap relatively ensures a stable and secure position for the company, and can be easily considered a blue chip in today's market. Southern Copper Corp.'s market capitalization will expect...Read More

Will China Pull Copper ETFs Down? - Zacks.com

Tue, 12 Apr 2016 06:05PM / Zacks Investment Research

Last week, copper prices witnessed the biggest weekly decline since January on oversupply concerns in China and sluggish demand growth. After a stressful stretch in 2015 due to softness in China's manufacturing sector, global growth worries, a stronger U.S. dollar and surplus supplies, the red metal had shown recovery in 2016 (read: ETFs to Gain from China's Added Stimulus). But the trend took a...Read More

Altius Minerals takes advantage of market weakness

Apr. 12, 2016, 2:50 PM / The Gold Report

Adrian Day of Adrian Day Asset Management discusses Altius Minerals, one of his core holdings, including how it has continued to make progress through the resources bear market.Altius Minerals Corp. (ALS:TSX.V, 11.81) has continued to make progress through the bear market in resources. Most recently, it has entered into a metal purchase agreement with Yamana Gold to purchase some of the future cop...Read More

IMF warns of another 14% drop in metal prices this year

Apr. 12, 2016, 10:56 AM / Frik Els

The International Monetary Fund in its World Economic Outlook published today cut its global economic growth forecast for the fourth time in the past year.The Fund expects the world economy would grow at 3.2% in 2016 compared to its previous forecast of 3.4% in January. Next year growth will pick up slightly to average 3.5% according to the institution.Source: World BankThe IMF upped its Chinese g...Read More

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