The short-term copper price is wavering, but the long-term outlook is more bullish than ever
The near-term copper outlook remains uncertain, but longer-term it's a different story
Company
Antofagasta PLC
LON:ANTO
Antofagasta is a Chilean-based copper mining group with interests in transport and water distribution. It is listed on the London Stock Exchange and has been a constituent of the FTSE-100 index since 2004.The Group creates value for its shareholders through the discovery, development and operation of copper mining operations. It is committed to sustainable development, embedding safety and sustainability throughout its operations. In the conduct of its activities, it places great importance on health and safety, management of human resources, community relations and environmental matters.
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Coronavirus has thus far had a limited effect on production, says Antofagasta
Antofagasta is one of the world's leading copper producers
Antofagasta production hits record levels, operations not yet affected by coronavirus
Antofagasta is the biggest copper producer listed in London
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FTSE 100 closes up on stimulus efforts; UK chancellor unveils £330bn rescue package
Britain's blue chip index closed up over 143 points, or 2.8%, at 5,294, just before the UK Prime Minister’s daily briefing
Antofagasta, Ferguson and uncertainty on Tuesday's agenda
“Key will be outlook, which we expect to be highly uncertain due to Covid-1,” analysts said, a comment that stands for almost all companies reporting
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RBC downgrades Antofagasta and Rio Tinto as coronavirus weighs on metal demand
“Mining equities and commodities could remain under pressure in the near term as the market digests the impact of the coronavirus outbreak”
Coronavirus drops lead Deutsche Bank to raise ratings for both Antofagasta and KAZ Minerals
Analysts at the German bank raised Antofagasta to ‘hold’ from ‘sell’ with an increased target price of 850p from 840p
Antofagasta says production to be disrupted by Chile protests but guidance remains in-line
Full-year production is expected to be between 750,000 and 790,000 tonnes of copper as per guidance
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FTSE 100 closes in red as mining stocks weigh
FTSE 100 closed in the red on Wednesday as miners weighed after a sell-off in iron ore in China
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ITV investors watching for Love Island effect as new boy enters villa
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ITV investors hope for Love Island boost amid tough ad market
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Antofagasta and Barrick Gold JV wins $5.84bn in damages over Pakistan's Reko Diq dispute
The pair's 50:50 joint venture Tethyan Copper had filed an arbitration claim in 2011 after it was denied a mining lease for one of the largest undeveloped copper and gold deposits in the world
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FTSE 100 closes in red on day but higher over the week as US jobs rebound in June
The UK's premier share index closed down around 51 points at 7,552 on the day, but over the week as a whole the index added around 1.7%.
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FTSE 100 closes firmly higher; Ashtead Group top dog
Britain's blue-chip benchmark closed up nearly 86 points at 7,443, while the FTSE 250 added over 154 points at 19,311
Liberum ups blue chip miner Antofagasta to ‘hold’ from ‘sell’, says would not now be short of copper equities
“Copper prices have been weighed down by negative global growth sentiment, driven by the continuing trade war between the US and China and the weakness in global manufacturing purchasing managers indices"
Investments and investor services
FTSE 100 closes higher as trade tensions ease
The UK's index of leading shares finished the first day of the trading week around 46 points higher at 7,378
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FTSE 100 closes down after latest Trump trade war stunt
The Dow Jones suffered a 300 point fall in the first half hour of trading
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FTSE 100 closes below its opening benchmark as trade war concerns cloud market sentiment
The UK blue-chip index ended 7.78 points lower at 7,265.98, just off the day's worst level of 7,263.80 after a topsy-turvey session which saw it hit a session high of 7,314.85 early on
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FTSE 100 ends lower as US stocks retreat after mixed tech earnings
The FTSE 100 index closed 37.62 points, or 0.5% lower at 7,434.13, albeit above the session low of 7,405.99 as US stocks continued to post big falls on Thursday