Hints and tips:
...Other companies: PepsiCo, Freeport McMoran, Halliburton, GE Aerospace, RTX, Lockheed Martin, NextEra Energy, UPS, Philip Morris, Spotify, General Motors and Kimberly-Clark are reporting earnings before the...
...and BHP, said Anglo would need to push for a higher price from BHP or offer up another proposal that could involve selling assets and combining with similar-sized industry peers such as Teck Resources, Freeport-McMoRan...
...Its 5 times multiple of forward ebitda, before BHP’s approach, was about 15 per cent below BHP and Glencore, and 40 per cent under US-listed Freeport-McMoRan....
...The jump handed some US-listed copper stocks their biggest one-day gains since November 2022, with Freeport-McMoRan jumping 7.8 per cent and Southern Copper leaping 10.6 per cent....
...Anglo could also go on the offensive by proposing a merger with the second rung of mining groups such as Teck Resources, Freeport-McMoRan or South32, as it seeks to sell other assets....
...Both mines were sold to CMOC by US copper mine Freeport McMoran after pressure from activist investor Carl Icahn....
...Earnings: Tobacco manufacturer Philip Morris, carrier American Airlines, telecommunications company AT&T, mining company Freeport-McMoran, and regional bank Western Alliance are all reporting before the...
...Kathleen Quirk, president of Freeport-McMoran, the largest US copper producer, said that higher copper prices alone would not be enough to secure enough metal needed for the world to go green....
...Here is a chart of Freeport-McMoRan — a very big, very copper-focused miner — versus the price of copper itself and the S&P 500 over the past quarter century or so: With all that said, if you believe the...
...BHP’s main listing is now Sydney, but it is also a top 10 global producer, while the biggest copper miner of all is America’s Freeport-McMoRan.”...
...The energy company Marathon Oil, health insurer Cigna, mining group Freeport-McMoRan and a group of company directors including the audit committee chairs of Beyond Meat, Verizon and Whirlpool were among...
...Richard Adkerson, chief executive and chair of US mining group Freeport-McMoRan, said surging global demand for copper for the rapid rollout of electric cars, renewable electricity and power lines would...
...Rio is the world’s eighth-largest miner of the metal, behind copper giants such as US-listed Freeport-McMoRan and Codelco of Chile....
...Other earnings: Telecommunications group AT&T, personal care goods manufacturer Kimberly-Clark, petroleum refiner Hess and miner Freeport-McMoRan will report before the opening bell....
...“It has shifted between where we were that perceptions were bad and on-the-ground was good, to now perceptions are better but on-the-ground is uncertain,” said Richard Adkerson, chief executive of Freeport-McMoRan...
...Freeport-McMoRan, which operates Cerro Verde, Peru’s largest copper mine, said in an earnings call two weeks ago that it had reduced ore extraction by 10-15 per cent at the site to about 350,000 tonnes per...
...Boeing and General Dynamics will continue the aerospace and defence earnings and telecoms group AT&T, personal care goods manufacturer Kimberly-Clark, petroleum refiner Hess, miner Freeport-McMoran all report...
...US miner Freeport-McMoRan has looked at the relationship between copper and diesel fuel prices over the past 16 years....
...These are not employees of CMOC, the Chinese operator that bought the mine from US rival Freeport-McMoran in 2016....
...Bristow has previously weighed a bid for Freeport McMoran, the world’s biggest independent copper producer, but did not press ahead with a deal....
...Freeport LNG’s massive liquefied natural gas export plant in Texas could be firing back up again soon....
...However, the burgeoning new sector could be hit by copper shortages, according to the head of US mining group Freeport-McMoRan....
...Other US companies: Flight operators Alaska Air and American Airlines, mining company Freeport-McMoRan, cigarette manufacturer Philip Morris, commodity chemical company Dow, diagnostic information servicer...
...Analysts expect further insights into the state of the 23mn tonne-a-year copper market and supply when Freeport-McMoRan and Anglo American issue production updates on Thursday followed by Glencore on Friday...
...Earnings: More than 30 companies on the S&P 500 are due to report results including Boeing, Freeport-McMoRan, Intel, AT&T, Kimberly-Clark, Tesla, Whirlpool and Las Vegas Sands....
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