Trilogy Metals said that the Ambler Access Project is a proposed 211-mile, industrial-use-only road from the Upper Kobuk Mineral Projects to the Dalton Highway.
Freeport-McMoRan (FCX) reported Q1 FY25 results with revenue of $5.73 billion, exceeding consensus. Copper sales were 872 million lbs, beating estimates. Operating income was $1.303 billion and the company expects sales of 4.0B lbs of copper in 2025.
JP Morgan upgraded FCX to Overweight with price target of $52 from $48, citing sustained premium pricing and supply constraints, and potential protective measures for US copper imports.
Freeport-McMoRan Inc. (NYSE: FCX) reports strong Q3 FY24 results, with higher revenues, copper and gold sales, and operating income. Optimistic outlook for 2024 with expected growth in sales and operating cash flow.
With only a few days left, September, known for being a weak month for markets, is on track to wrap up as a positive month. Rate-cut optimism buoyed the stock market in the final weeks. Here is a look at the ETFs that were the leaders for the month.
The US dollar is (still) one of the most important safe-haven currencies. When economic times get tough, the US currency usually sees increased demand and a rise in price. Indicators seem to point towards a rise in the US dollar.
Multinational miner BHP's bid for Anglo American may not be enough as other miners are likely to make rival bids for copper assets. Global demand for copper is expected to increase for clean energy.
In a recent shift, Wall Street is demonstrating an increased interest in copper, a trend driven by the metal's growing use in data centers, which are essential for artificial intelligence (AI) operations.
Copper prices rise on supply shortages and optimism about the broader economy, making it a leading economic indicator. Chinese economy and interest rates also play a role.
We aren't yet at the top, but the air is to be getting thinner in the weeks and months ahead, because equities will get more selective, and the degree of earnings and guidance surprises of Q1 won't be repeated.
The copper market is tightening, with Chinese smelter maintenance set to peak in April and May, which could hurt refined copper production, thereby pushing the price higher.
