LME Copper Cash
End-of-day quote - 07/18
6068
-1.2%

Materials Shares Higher; Copper Bounces Bank -- Materials Roundup

Envoyer par e-mail
07/12/2018 | 10:56 pm


Shares of commodities producers edged higher as some commodities prices rose. Copper prices bounced back after nearing bear-market territory a day earlier, with some analysts suggesting recent selling on trade threats might have been overdone. Market participants were also weighing news that Indonesia, Freeport-McMoRan and Rio Tinto reached a tentative $3.85 billion agreement to give Jakarta majority control of the world's second-biggest copper mine, potentially advancing a deal amid a yearslong conflict that has spooked mining investors and threatened metal supplies. Freeport's share of the payment would be $350 million, while Rio Tinto would take $3.5 billion for its stake. ([email protected])





Envoyer par e-mail