Forget the gold price, copper was most profitable covid-19 trade
Investing in top copper mining stocks during the covid-19 meltdown handily beat returns on gold majors – FCX surged 92% in four months.
Frik Els
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
Freeport CEO says no change of plans despite copper price rally
US copper giant Freeport McMoRan swings to profit in second quarter after cost-cutting program.
Map shows global mining “relatively unscathed” by pandemic
"It’s likely that miners will need to boost investment in local communities for some time as the full impact of covid-19 continues to play out."
Copper price surges to two-year high
Copper price rallies as hedge funds continue to build bullish positions and world's top copper miner warns of steep fall in production.
Cobalt price: BMW avoids the Congo conundrum – for now
German firm's unique deal with world's only primary cobalt mine avoids DRC human rights problems entirely, something no cellphone or carmaker can claim.
Lithium price: MINING.COM EV Metal Index bounces back
Value of battery metals in newly-sold electric cars around the world jumps despite slump in lithium, cobalt, graphite prices.
Covid-19 disrupts $8.8 billion of global mining output
In total, $8.84 billion in mining revenue is at-risk, with disruptions to 275 mine sites in 36 countries.
Iron ore price jumps to year high as Chinese imports soar
Chinese iron ore imports hit 33-month high in June, on pace for record year.
Copper price near 2-year high after Chinese imports rocket
China's June copper imports surge by 50% compared to previous month to highest on record.
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Copper price snaps back as China imports soar 81%
Copper price surges by more than 3% Monday as top consumer China gorges on metal.