⭐ Start off 2025 with a powerful boost to your portfolio: January’s freshest AI-picked stocksUnlock stocks

Copper execs expect balanced market but warn on regulation

Published 11/29/2017, 09:28 AM
© Reuters.  Copper execs expect balanced market but warn on regulation
ANTO
-
TECK
-
FCX
-
HG
-
VALE
-
SCCO
-
RIO
-
BHP
-
JJC
-
CPER
-
CUPM
-
  • The global copper market will be balanced for the foreseeable future even as mine supplies tighten and demand from China remains strong, copper executives tell the Asia Copper Conference.
  • But execs also warn that rising environmental regulation in Chile, the world’s top producer, and China, the world’s top consumer, are raising production costs for smelters and miners.
  • Antofagasta (LON:ANTO) (OTC:ANFGF) CEO Ivan Arriagada says refined copper demand is growing at a "healthy" 4% this year and new production “has largely already been absorbed in the market.”
  • Copper prices need to remain at least $6,600/ton to encourage investment in new mines to replace falling ore grades in some of the world’s oldest mines in Chile, the execs say; prices are currently ~$7K/ton.
  • Relevant tickers include RIO, BHP, VALE, FCX, SCCO, TECK
  • ETFs: JJC, CPER, CUPM
  • Now read: 2018 Is Coming - A Change In Quarterly Reports For Commodities

Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.