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Antofagasta Says Third-Quarter Copper Slump Cost $297 Million
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.
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Commodities | |||
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Gold | 2325.72 | -28.86 | |
Silver | 27.67 | -0.50 | |
Copper | 4.26 | -0.03 | |
Oil | 85.54 | +0.31 | |
Heating Oil | 2.70 | +0.02 | |
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