Category: copper
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Copper market sees half chance of 10% US tariff by first quarter-end, Goldman says
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(Reuters) – The copper market is pricing in odds of about 50% that there will be a 10% U.S. tariff on the metal by the end of the first quarter of this year, Goldman Sachs said on Monday. The estimate is similar to their personal probability of 50% for an…
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Hudbay Receives Air Quality Permit for Copper World
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Jan 02, 2025 • 12 minute…
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Cygnus and Doré Copper Complete Merger
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Jan 01, 2025 • 13 minute…
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Copper Taps Ex-Goldman Executive as CEO in Strategy Pivot
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Breadcrumb links BMN Business Cryptocurrency custodian Copper Technologies Ltd. has appointed Ammar Kuchinad, former managing director of Goldman Sachs Group, to replace Dmitry Tokarev as group CEO, as it looks to secure more traditional financial companies as clients and make inroads into the US market. Article writer: Bloomberg News Emily…
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Copper Technical Analysis – Chinese big easing measures trigger a strong rally
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Basic overview Last week, the People’s Bank of China (PBoC) announced a lot of easing measures ranging from short-term and long-term interest rate cuts. Copper rose strongly as China accounts for more than 50% of copper demand. Things are starting to look better for the market as the Fed also…
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Freeport cranks up copper output as rivals scour for deals to grow By Reuters
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Written by Ernest Scheider (Reuters) – Freeport-McMoRan (NYSE:) is ramping up production across three continents with no plans to join the takeover frenzy sweeping the mining industry, a strategy analysts say puts the company in a good position to benefit from growing clean energy demand. On red metal. Widely used…
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Freeport cranks up copper output as rivals scour for deals to grow By Reuters
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Written by Ernest Scheider (Reuters) – Freeport-McMoRan (NYSE:) is ramping up production across three continents with no plans to join the takeover frenzy sweeping the mining industry, a strategy analysts say puts the company in a good position to benefit from growing clean energy demand. On red metal. Widely used…
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Copper Technical Analysis – The PBoC triggers a strong rally
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Basic Overview The People’s Bank of China announced a series of easing measures tonight, ranging from short-term to long-term interest rates. This was the catalyst for the rise in copper prices. Things are starting to look better for the market as we also got a 50bps rate cut from the…
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UK-based Copper adds custody, staking support for MINA
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Digital asset custody and collateral management provider Copper now offers custody and storage support for the Mina protocol. Cooper.co It was announced Bitcoin announced its support for the Mina protocol on August 21, noting that supporting the zero-knowledge blockchain platform’s native token expands digital asset options for institutional investors. The…
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UK-based Copper adds custody, staking support for MINA
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Digital asset custody and collateral management provider Copper now offers custody and storage support for the Mina protocol. Cooper.co It was announced Bitcoin announced its support for the Mina protocol on August 21, noting that supporting the zero-knowledge blockchain platform’s native token expands digital asset options for institutional investors. The…
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Union at BHP’s Escondida copper mine in Chile signs new deal, ending risk of strike By Reuters
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SANTIAGO (Reuters) – The union of workers at Chile’s Escondida mine, the world’s largest, signed a deal on Sunday with BHP, ending a strike that could have threatened global supplies of the red metal. The three-year deal includes changes to working conditions such as “initiatives to improve shift changes, increase…
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Updated 2024 outlook for copper stocks following a pullback By Investing.com
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Copper stocks have been under pressure in recent months, driven by a 16% drop in prices from record highs in May. Despite this correction, RBC Capital Markets analysts believe copper could find a floor near its current levels, at around $4.00 per pound. Analysts point out that while global economic…
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Freeport McMoran eyes $7.5B expansion of El Abra copper mine in Chile (NYSE:FCX)
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SimoneN/iStock via Getty Images Freeport McMoRanNYSE: FXX) Plan for Spent about $7.5 billion to expand the copper mine in Abra A project in Chile is expected to take seven to eight years to develop due to permitting requirements, Sonnet Chief Executive Kathleen Quirk said Tuesday, according to Reuters. In profits…
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Copper Technical Analysis – The bearish momentum has waned
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Basic Overview Copper has been rallying on key support recently and extended gains this week after China’s Caixin manufacturing PMI was released as the survey hit its highest level since May 2021. Over the past few weeks, the downward momentum has already appeared to be slowing as lower lows have…
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Pierre Andurand ditches oil in favor of copper and cocoa
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Pierre Andurand Famed oil trader Pierre Andurand is out of the oil market, at least for now. His main fund lost about 50% last year on bad bets on crude oil, and he is nervous about the sector and now has a “mixed” outlook. “We will re-engage in oil markets…
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Hedge Funds’ Bullish Copper Bets Run Into China’s Slowdown
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Breadcrumb links BMN Business Copper rose to a record high amid a wave of hedge fund money. The big question now for the bulls is when Chinese buyers will return. Article writer: Bloomberg News Bloomberg News Posted on June 23, 2024 • 6 minute read You can save this article…
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Copper prices to quadruple on soaring demand, top commodity trader Andurand says
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SimoneN/iStock via Getty Images Hedge fund manager Pierre Andurand, one of the world’s most famous commodities traders, believes that the rise in copper prices still has much further to go and could be close to… Four times as much as $40,000 per metric ton For the next few years, the…