- Reuters
UPDATE 1-Southern Copper's copper output seen above 1 mln tons in 2027, says Grupo Mexico
Grupo Mexico expects its Southern Copper mining arm to produce over 1 million metric tons of copper by 2027, the division's finance chief said on Friday, pointing to better-than-expected production from its portfolio of projects. The company also edged up its forecasts for this year, predicting output of 949,000 tons, said Leonardo Contreras, the unit's chief financial officer, in an earnings call. Earlier this year, Grupo Mexico predicted output of 935,900 tons of copper for 2024, up from the 911,014 tons produced last year.
- Bloomberg
Southern Copper Lifts Output Forecast Amid Tight Metal Market
(Bloomberg) -- Southern Copper Corp. raised its annual production guidance as ore quality improves and the company resolves water supply issues in Mexico, offering a little relief for a tightening global copper market. Most Read from BloombergPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldWall Street Humbled as Fast-Reversing Markets Confound the ProsT
- Barrons.com
Anglo American and Other Copper Stocks Have Surged. Time to Sell.
Copper stocks and commodity prices have surged. Anglo American a London-based diversified miner that derived about a quarter of its 2023 sales of $24.3 billion from copper, has confirmed and turned down a $39 billion offer from Australian mining firm BHP Group. Anglo American stock is up about 20% since news of the offer broke.
