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Antofagasta Says Third-Quarter Copper Slump Cost $297 Million

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Bloomberg reported that lower copper prices cost Antofagasta (LSE:ANTO) almost $300 million in third quarter.

Bloomberg reported that lower copper prices cost Antofagasta (LSE:ANTO) almost $300 million in third quarter.

As quoted in the market news:

Antofagasta adjusted the price of 142,100 metric tons of its production to 318.3 cents a pound compared with the provisional contract price of 409.8 cents, it said in a statement today. The company earned $96.3 million from the adjustment in the same period last year. Output in the first nine months rose by 15 percent to 453,500 tons.

Click here to read the full Bloomberg report.

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