Hints and tips:
...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....
...Both mines were sold to CMOC by US copper mine Freeport McMoran after pressure from activist investor Carl Icahn....
...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....
...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....
...Rio is the world’s eighth-largest miner of the metal, behind copper giants such as US-listed Freeport-McMoRan and Codelco of Chile....
...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...
...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...
...Freeport LNG is majority owned by Michael Smith, a billionaire who first made a fortune selling oil and gas producer Basin Exploration for $410mn in 2001....
...“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...
...US miner Freeport-McMoRan has looked at the relationship between copper and diesel fuel prices over the past 16 years....
...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...
...Repsol will sell a 25 per cent stake in its exploration and production business to US investment group EIG for $4.8bn as Spain’s biggest oil company seeks to raise funds for renewables investments to pivot...
...Alongside London-listed Hochschild, Anglo American, Newmont, Glencore, and Freeport-McMoRan operate mines in the country, as do Chinese-controlled companies including MMG and Chinalco and local producers...
...American Airlines, Freeport-McMoRan, Philip Morris, and Dow Inc also report earnings....
...Anglo American, Newmont, Glencore and Freeport-McMoRan also operate mines in the country, as do Chinese-controlled companies including MMG and Chinalco and local producers such as Buenaventura....
...Anglo American, Newmont, Glencore and Freeport-McMoRan also operate mines in Chile, as do Chinese-controlled companies including MMG and Chinalco and local producers such as Buenaventura....
...Groups including 3M, Freeport-McMoRan and General Dynamics similarly hailed their ability to overcome their supply chain challenges, but others reported unexpectedly serious fourth-quarter deteriorations...
...Short-term loans made through the iPhone maker’s new Apple Pay Later service will be made through a wholly owned subsidiary, Apple Financing LLC....
...Technology — either through innovation in extraction technology or exploration — could also boost supplies....
...Richard Adkerson, chairman and chief executive of Freeport-McMoRan, said stocks were already at their lowest level since the mid-2000s even though many big economies were still hampered by Covid....
...We had some pretty bullish statements from General Dynamics, 3M, the mining company Freeport-McMoRan....
...Polymetal trades at a value, including debt, of seven times its underlying earnings before interest, tax, depreciation and amortisation, against 14 times for US copper miner Freeport-McMoRan, according to...
...So in our view the world needs companies like Freeport-McMoRan. Electric cars are another good example....
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