Trump tariffs: FTSE 100 holds steady as pharma and metals brace for levies Markets The FTSE 100 opened 22 points up this morning, despite threats of pharma and metals tariffs with stark implications for major stocks on the blue chip index. President Trump has said that an announcement is coming “very soon” on pharmaceutical tariffs – with a possible 200 per cent rate landing in “about a year”. Major [...]
Antofagasta: Copper miner’s profit jumps amid booming demand mining Mining giant Antofagasta has reported a five per cent increase in revenue for 2024, driven by higher copper prices, although growth was partially offset by lower sales volumes. The group posted revenue of $6.6bn (£5.2bn) while earnings before interest, tax, depreciation and amortisation (EBITDA) rose 11 per cent to $3.4bn. Profit before tax climbed five [...]
Former Trump ally Mike Pompeo joins London-listed copper firm Industrials Former US secretary of state and one-time Trump ally Mike Pompeo has joined London-listed copper miner ACG, bolstering its board as it plots a deals offensive and international expansion. ACG, led by a former executive at Russia’s biggest aluminium miner, said the former CIA director would join as a non-executive director and bring “valued strategic [...]
BHP: World’s largest miner reports profit slump due to ‘uneven’ China recovery August 27, 2024 "In the near term, we expect volatility in global commodity markets," BHP said.
Rio Tinto profit edges higher as miner eyes copper takeover July 31, 2024 Rio Tinto's profit edged up 1.8 per cent during the first half of the year, as the miner has begun to eye a takeover in the copper space.
London-listed mining group plots copper spree after £223m Turkey deal July 18, 2024 London listed mining group ACG is gearing up for a global deals spree after snapping up a Turkish copper mine for $290m (£223m) today.
Copper prices have been hitting record highs – why? May 26, 2024 The price of copper has surged to an all time high this week, and in doing so broke the $11,000-per-ton mark for the first time ever. Why?
Diamond glut sees London-listed miner Anglo American cut gem production April 23, 2024 London-listed miner Anglo American said it decreased diamond production through the first quarter by almost one quarter.
Trafigura: AI and data centre construction could lead to copper shortages April 9, 2024 Trafigura's chief economist said that an additional 1m tons of copper have not been factored into a lot of supply and demand balances.
Why are investors flocking to copper? April 5, 2024 If Chinese smelters agree collective production cuts, global supply will likely tighten significantly