JJC
iPath Series B Bloomberg Copper Subindex Total Return ETN·Financial Services
19.56
1.242%(+0.24)
Market ClosedLast Updated: — ET
52W L: $17.9652W H: $21.99
iPath Series B Bloomberg Copper Subindex Total Return ETN·Financial Services
Market Peers
Chilean copper producer Codelco (COBRE.UL) and global miner Anglo American plan to submit separate environmental studies to regulators for their planned shared copper mine in Chile, documents seen by Reuters show, using what they called an "unprecedented" twin-track to streamline the approval process.
Anglo Asian Mining Plc (LSE:AAZ, OTC:AGXKF, FRA:A4A) told investors that first-quarter copper production surged almost sevenfold as its Demirli mine helped drive a sharp step-up in output, while stronger sales and lower debt pushed the group deeper into net cash. The Azerbaijan-focused producer turned out 3,711 tonnes of copper in the three months to 31 March, up from 534 tonnes a year earlier.
Miners like Freeport-McMoRan should rally if Iran fears fade and copper rebounds. Gold miners look Newmont may pop as well.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Shares in Bezant Resources PLC (AIM:BZT) rose 11% to 0.075p after the company reported a sevenfold increase in the open-pitable mineral resource at its Hope and Gorob copper-gold project in Namibia, extending the life of mine from one year to 7.5 years. The updated estimate, prepared by independent consultants Sound Mining under the JORC Code (2012), puts the gross open-pitable resource at more than 3.0 million tonnes, up from 0.41 million tonnes in the 2023 estimate, grading 1.24% copper, with silver and gold credits.
Panama's government aims to finalize a resolution by Tuesday authorizing the removal of material from First Quantum Minerals' shuttered copper mine known as Cobre Panama, the country's trade minister Julio Molto said on Monday.