• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks
    copper investing

    VIDEO - Base Metals Update April 2019

    Olivia Da Silva
    May. 06, 2019 02:50PM PST
    Base Metals Investing
    ASX:ICGplay icon

    April 2019, in the base metals sector saw lots of cash exchange hands, disruptive protests come to a halt and one really big storm.

    In April, the base metals sector saw notable boosts from significant financial investments and strike resolutions, though some companies found their operations impacted by rough weather.

    For more on the news that affected the sector, watch the video above or read the transcript below.

    Over the last month, copper has seen the spotlight for all the right reasons. Ongoing protests at MMG’s (ASX:MMG,HKEX:1208) Las Bambas mine were resolved in early April after over a month of disrupted transportation to and from the Peruvian mine.

    In terms of M&A, Lundin Mining (TSX:LUN,OTC Pink:LUNMF) entered an agreement to buy the Chapada copper-gold mine in Brazil from Yamana Gold (TSX:YRI,NYSE:AUY) — a deal that will ultimately cost over US$1 billion.

    Capping off the month was a major investment from CITIC Metal (OTC Pink:CTPCF,HKEX:0267), which contributed C$612 million to Ivanhoe Mines (TSX:IVN,OTCQX:IVPAF), giving CITIC a 29.9 percent stake in the company.

    As of April 26, the red metal was trading at US$6,392 per tonne on the London Metal Exchange.

    In iron ore, major miner Rio Tinto (ASX:RIO,LSE:RIO,NYSE:RIO) reduced its yearly guidance after Cyclone Veronica hit Western Australia in late March, impacting the company’s operations in the Pilbara region.

    Shipments from the area were 14 percent lower in Q1 versus the same period in 2018, while iron ore production was down 9 percent.

    BHP (ASX:BHP,NYSE:BHP,LSE:BHP) was also affected by the cyclone, and, while its operations in Western Australia saw no significant damage, the company’s preventative shutdown efforts led to production losses of 6 to 8 million tonnes.

    As for zinc, April Fool’s Day saw Inca Minerals (ASX:ICG) and South32 (ASX:S32,OTC Pink:SHTLF) execute an earn-in agreement for the former’s Riqueza zinc-silver–lead asset in Peru.

    Later in the month, Trafigura Group announced it would be taking control of European zinc smelter Nyrstar (OTC Pink:NYRSY,EBR:NYR) to save it from bankruptcy, which came with a US$250 million payout to keep operations going.

    As of April 26, zinc was trading at US$2,915 per tonne on the London Metal Exchange.

    Don’t forget to follow us @INN_Resource for real-time updates!

    Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.

    cyclone veronicaasx:icghkex:0267ebr:nyrcitic metalasx:mmgasx:s32asx:riocopper investing
    The Conversation (0)

    Latest News

    Questcorp Mining Receives Permit Exemption for IP Survey at North Island Copper

    Ex-Reunion Gold Team Joins & New Targets Defined

    Cloncurry Gold Project Financing Milestone

    Sinomine and Cobre Execute Investment Agreement in Botswana

    Cobre Limited: Unlocking Copper and Critical Minerals for a Low-carbon Future

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Base Metals Investing Stocks

    Empire Metals

    EPMLF

    Corazon Mining

    CZN:AU

    Blackstone Minerals

    BSX:AU

    Osisko Metals: Pure Potential

    OM:CA

    Los Andes Copper

    LA:CA

    Questcorp Mining

    QQQ:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×