Copper climbs on US dollar weakness
The price of copper rose on Thursday in London on the back of a weaker US dollar and ahead of the release of GDP figures in the US on Friday.
Spot copper closed 1.50% higher at US$4,705.50/t (US$2.134/lb) on the London Metal Exchange from Wednesday's US$4,636/t, according to Chilean state copper commission Cochilco.
The Wall Street Journal Index, which measures the greenback against a basket of 16 currencies, was down 0.22% to 87.37 on Thursday afternoon.
The US is set to release GDP growth figures for the first quarter on Friday. Analysts estimate that the US economy grew 0.9% between January and March, according to Capital Economics.
Aluminum closed 0.9% higher on Thursday at US$1,553/t while lead was up 1.3% at US$1,667/t and nickel rose 0.4 to US$8,375/t. Zinc climbed 3.4% to US$1,882.50/t, tin was 1.5% higher at US$15,725/t and molybdenum was flat at US$15,300/t.
Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.
News in: Mining & Metals
NGEx Minerals Extends Both the Alicanto (122m at 1.05% CuEq) and Fenix Zones (220m at 0.72% CuEq); Four Drills Acti...
NGEx Minerals Ltd. is pleased to report additional assay results from the Los Helados copper-gold project located in Region III, Chile.
At a glance: 5 Colombian gold projects
The yellow metal accounts for about 7.6% of total exports and 32.2% of mining exports from the South American country.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Mining & Metals
Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Cascabel (Alpala)
- Current stage:
- Updated:
3 weeks ago
- Project: Alacrán
- Current stage:
- Updated:
3 weeks ago
- Project: Cotabambas
- Current stage:
- Updated:
3 weeks ago
- Project: Oso Negro
- Current stage:
- Updated:
3 weeks ago
- Project: florida canyon
- Current stage:
- Updated:
3 weeks ago
- Project: Montagne d'Or (Paul Isnard)
- Current stage:
- Updated:
3 weeks ago
- Project: Romeral V
- Current stage:
- Updated:
3 weeks ago
- Project: Porvenir
- Current stage:
- Updated:
4 weeks ago
- Project: Los Pumas
- Current stage:
- Updated:
1 month ago
- Project: Yanacocha Sulfides
- Current stage:
- Updated:
4 weeks ago
Other companies in: Mining & Metals
Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Tecnova Engenharia Ltda
- Company: Sociedad Química y Minera de Chile S.A. (SQM)
-
Sociedad Química y Minera de Chile S.A. (SQM) is a Santiago-based non-metallic miner engaged in the production and distribution of specialty fertilizers. The company operates in...
- Company: Cordoba Minerals Corp. (Cordoba Minerals)
-
Cordoba Minerals Corp. is a Toronto-based resource exploration company focused on the acquisition, exploration, and development of precious and base metal properties. The firm i...
- Company: Empresa Construtora Brasil S.A. (ECB)
-
Empresa Construtora Brasil S.A. (ECB) works on engineering and construction of projects on road, railway, urban, industrial, port and airport, civil and mining infrastructure, n...
- Company: Mercantil Commodity S.A.C.
-
Mercantil Commodity S.A.C./Mercantil S.A. has 35 years of experience in distribution of sodium cyanide in Peru and Latin America. The company was the first in Peru to work under...
- Company: S&P Global Platts
-
Platts, subsidiary of S&P Global, is a company providing international market information relative to oil & gas, petrochemical, metals, agriculture, and maritime transport secto...
- Company: Consejo Minero de Chile A.G. (Consejo Minero)
-
Chile's Consejo Mineral is a trade association bringing together domestic and foreign-owned private and public copper, gold and silver producers operating in Chile. A mining cou...
- Company: Gold Fields Ltd. (Gold Fields)
-
Gold Fields Ltd. is a South African mining company engaged in gold mining and related activities, including exploration, extraction, processing and smelting. It is a producer of...
Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.
