copper prices
After getting a 10% share price boost on Wednesday, Freeport-McMoRan has added as much as another 3% in Thursday's premarket session.
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Freeport-McMoRan said it will cut its board size from 16 to nine and begin "a review of strategic alternatives for its oil and gas business."
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Glencore said Monday that it will suspend its dividend, issue $2.5 billion in new stock and sell assets, including a stake in its agricultural business.
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Activist investor Carl Icahn has revealed that he had acquired a more than 8% stake in copper and gold miner Freeport-McMoran.
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Freeport-McMoRan announced Thursday morning that it has revised its capital and operating plans in response to the recent decline in copper prices.
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The bull cycle in commodities ended months ago, and prices for metals have slipped by double-digit amounts. Some of that is due to the drop in crude oil prices.
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Source: ThinkstockCommodity metals are having a tough time lately. Investor enthusiasm for metals has fallen, and its only necessary look at the price of gold to see why. Equities are where investors...
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Mining giant BHP Billiton is working on a plan to spin off its underperforming assets. Shares of some of its competitors were higher Tuesday, as investors speculated the spin-off might prove...
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Source: ThinkstockThe weekend report that Chinese exports fell by 18.1% in February had a definite impact on equities trading in Asia overnight. Commodities also took their lumps, and the one getting...
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Source: ThinkstockThe government of Indonesia in January banned the export of all raw materials and then introduced an escalating export tax of 20% to 25% on copper concentrate sent out of the...
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Source: ThinkstockAs in 2013, the twin focus of the mining industry will be to lower costs and reduce capital spending. There are also likely to be some asset sales as the larger miners shed some of...
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Source: ThinkstockCommodity prices took a sharp downward turn in 2013, but the good news appears to be that it will not get any worse in 2014. According a recent report, analysts at Moody’s...
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Source: ThinkstockAt the annual London Metals Exchange (LME) Week, which began Monday, no one expects major changes to the way the exchange manages its warehousing system for aluminum, copper and...
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Source: ThinkstockIn what may be the last massive mining project we see for some time, Turquoise Hill Resources Ltd. (NYSE: TRQ) announced yesterday that the $6.2 billion Oyu Tolgoi copper and gold...
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Source: ThinkstockThere are a variety of ways to invest in precious metals. Buying gold or silver bars and coins is one. Exchange traded funds (ETFs) are another. A third way is by investing in...
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