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Tag: copper price

Copper trades on a number of different metal exchanges, including the London Metal Exchange (LME), the COMEX in New York and the Shanghai Metal Exchange (SHMETX), and copper prices may be found via these exchanges. Unlike precious metals prices, which are consistently denominated by the ounce across various exchanges, copper prices are denominated by the pound when traded on the COMEX and by the kilogram when traded on the LME.

Furthermore, spot copper prices represent the current price for the metal, while copper futures represent copper priced for delivery at a future date. For example, copper for delivery in three months would be priced differently than spot copper. As with any commodity, supply and demand dynamics are key drivers for the copper price. While copper inventories on metal exchanges are commonly looked to as an indicator of copper supply, there are many other factors to be considered.

Mine production, scrap copper supply and unknown stores of copper in China, the world’s top consumer of the metal, are all key considerations when looking at whether there is a surplus or deficit for copper.

Amerigo Announces Q1-2018 Production Results

Amerigo Resources (TSX:ARG) announced today production results for Q1-2018 from Minera Valle Central (“MVC”), the Company’s 100% owned operation located near Rancagua, Chile.
As quoted in the press release:

Rob Henderson, Amerigo’s President and CEO, stated “With construction of the Cauquenes Phase Two project over the half-way mark and MVC’s production continuing

Amerigo Announces Annual 2017 and Q4-2017 Financial Results

Amerigo Resources Ltd. (TSX: ARG) (“Amerigo” or the “Company”) announced today financial results for the year 2017.  Stronger copper prices and increased copper production resulted in a 47% increase in revenue in the year. The Company posted revenue of $134.0 million and net income of $8.0 million. Cash of $26.4 millionwas generated from operations before

Find Out How Geopolitics Will Affect Precious Metals in 2018.

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Copper Price Update: Q1 2018 in Review