Research company slashes its 2023 copper price forecast and predicts a return to $10,000-plus levels only in 2027 as long term structural deficits emerge.
The company said it will repurchase the shares over the remainder of this year and will allocate 75% of its excess cash for more buybacks in 2023 and 2024.
Investing in mineral-rich countries would be easier than building new mines in the US, said Benchmark Mineral Intelligence Executive Editor Henry Sanderson in an interview.