| | Publié le 18 septembre 2015 | Copper Stocks to Watch Post-Chile Earthquake |
|
Article
|
Commentaires
|
Commenter
|
Notation
|
♥
Suivre la société
|
|
| Copper Stocks to Watch Post-Chile Earthquake | |
| | |
|
Amid concerns about supply disruptions, after an 8.3 magnitude earthquake shook Chile and triggered tsunami alerts for Chile and Peru, copper prices soared to its highest in nearly two months.
The quake was the sixth-worst in Chile and the world’s strongest this year. The Chilean government has sprung into action to issue tsunami and mass evacuation alerts. The previous 8.8-magnitude quake in 2010 had claimed more than 500 lives, devastating large areas of the country.
With memories of the tragedy still raw, and considering that Chile and Peru are the two biggest copper suppliers in the world, the news lifted copper for three-month delivery on the London Metal Exchange to $5,440.50 a ton in early trading on Thursday. The figure was the highest since July and increased more than 10% from a six-year low hit last month. Analysts expected the catastrophe to damage mines and thus disrupt and delay shipments of copper out of Chile, which alone caters to a third of the world’s copper requirement.
Mining operations were suspended at two major copper mines in Chile operated by Codelco and Antofagasta for safety reasons as several aftershocks continue to shake the region after the initial earthquake. However, as reports started pouring in from Chilean miners that their workers were safe and operations were undamaged, copper prices retreated from the peak to settle at $5,341 per ton.
The Coquimbo port that suffered severe damage from the quake handles only small shipments of copper. There were no reports of major copper export ports being damaged, which quelled fears of supply disruption. Chilean state-controlled miner, Codelco announced that its Ventanas division has restarted, while Andina remains halted until inspections are concluded. Antofagasta stated that its flagship Los Pelambres mine which produced over 400,000 tons of copper last year, had no reports of damage and is expected to restart after completion of inspections. Thus the effect of the quake on the copper prices was not as expected.
Even if this copper price level persists, it will be beneficial for the red metal as the prices had been languishing near six-year lows so far, amid slowing demand from its top consumer China. Moreover, apprehensions surrounding Europe, continued U.S. dollar strength and weakness in commodity prices have kept copper prices under pressure. China’s shrinking appetite for copper has hit the metal particularly hard as the country is responsible for over 45% of copper consumption. Demand from China has declined by 3% so far this year, even as global production has increased 3%, according to the International Copper Study Group.
The International Copper Study Group has projected that the copper market, after five straight years of deficits, should swing into a 2015 production surplus of roughly 390,000 tons. According to ICSG projections for 2016, the copper market may show a second consecutive production surplus relative to demand. However, this is expected to be lower at 230,000 tons as demand growth outpaces production growth.
But global miners such as Glencore and Freeport-McMoRan Inc. FCX have announced cutbacks as some operations become uneconomic, hence tightening the supply and making certain analysts cautiously optimistic on the metal.
Copper is a major industrial metal playing a particularly important role in emerging countries. Given its varied applications, the trends in the copper market are often considered useful indicators of the state of the global economy. The economic outlook for 2015 is upbeat for the U.S. while the European economy is recovering slowly. We believe a pickup in economic activity will eventually drive copper demand.
Notwithstanding the current volatility in prices, we have a long-term bullish stance on copper, supported by its widespread use in transportation, manufacturing and construction, limited supplies from existing mines and the absence of new significant development projects. At this juncture, we suggest watching out for these companies with exposure to copper. Armed with a Zacks Rank #3 (Hold) we believe, these stocks are compelling investments given their strong fundamentals.
Freeport-McMoRan Inc.
Phoenix, AZ-based Freeport-McMoRan is a natural resource company, which engages in the acquisition of mineral assets, and oil and natural gas resources. It primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, as well as oil and gas.
Freeport has a positive long-term outlook for its business, considering the limited supplies of copper and the metal’s growing demand in the global economy. However, the company is attempting to cope with weak market conditions in the near term by delaying investments and adjusting operations to maximize its current cash flows.
BHP Billiton Limited BHP
Melbourne, Australia based BHP Billiton discovers, acquires, develops, and markets natural resources worldwide. It operates through Petroleum and Potash, Copper, Iron Ore, and Coal segments.
BHP Billiton announced that its Escondida mine, which is located in the Atacama Desert in northern Chile, has not been affected by the earthquake. Escondida, the world's largest copper-producing mine, accounts for around 5% of global copper production and around 15% of Chilean copper production. The company remains focused on improving its business through of cost-saving programs, strategic portfolio simplification and improved productivity.
Rio Tinto Plc RIO
Based in London, the United Kingdom, Rio Tinto plc, a mining and metals company, finds, mines, and processes mineral resources. The company mines and produces aluminum products, including bauxite, alumina, and aluminum; copper, gold, and silver.
Rio Tinto continuously strives to improve its financial fundamentals with the help of greater cost discipline, strategic capital-deployment programs and new growth projects.
Southern Copper Corp. SCCO
Based in Phoenix, AZ, Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. Southern Copper believes short-term copper demand is consistently improving. For 2015, the company expects the U.S. and Western Europe to drive copper demand globally. It is also seeing improvement in copper pricing. The company continues to work on developing its investment program to boost copper production capacity by about 89% to 1,165,000 tons by 2018 from its 2013 production level of 617,000 tons.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FREEPT MC COP-B (FCX): Free Stock Analysis Report BHP BILLITN LTD (BHP): Free Stock Analysis Report RIO TINTO-ADR (RIO): Free Stock Analysis Report SOUTHERN COPPER (SCCO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
|
|
|
VanEck Vectors Global Alternative Energy ETF
|
|
PRODUCTEUR |
CODE : BLT.L |
ISIN : GB0000566504 |
CUSIP : 05545E209 |
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
BHP Billiton est une société de production minière de nickel et de plomb basée au Royaume-Uni. BHP Billiton est productrice de nickel, de plomb, d'aluminum, d'argent, de bauxite, de cuivre, de diamants, de fer, de gaz, de manganese, de molybdène, d'or, de pétrole, de phosphate, de silica, de titane, d'uranium et de zinc au Bresil, au Canada, au Chili, au Perou, au Suriname, en Australie, en Afrique Du Sud, en Argentine et en Colombie, en développement de projets d'aluminum, d'argent, de cuivre, de fer, de gaz, de nickel, d'or, de pétrole et de silica au Suriname, aux Philippines, en Australie et en Equateur, et détient divers projets d'exploration au Botswana, au Canada, au Chili, au Guatemala, au Mexique, au Mozambique, au Pakistan, au Perou, au Salvador, en Australie, en Afrique Du Sud, en Argentine, en Chine, en Equateur, en Guyana, en Inde, en Mongolie, en Republique Democratique Du Congo, en Roumanie, en Sierra Leone, en Turquie, en Uruguay et en Zambie. Ses principaux projets en production sont CERRO COLORADO OXIDE, ESCONDIDA - OXIDE, PINTO VALLEY - LOW GRADE LEACH, SPENCE OXIDE, SPENCE, CANDELARIA CHILE 2, CERRO COLORADO SULPHIDE, ESCONDIDA SULPHIDE, ESCONDIDA SULPHIDE LEACH, SPENCE ROM, SPENCE SUPERGENE SULPHIDE, TRANSITIONAL SULPHIDE, PINTO VALLEY - SULPHIDE et PINTO VALLEY SULPHIDE STOCKPILE au Chili, OLYMPIC DAM - SULPHIDE, WORSLEY, CANNINGTON, PHOSPHATE HILL, GEMCO, MOUNT KEITH - OC, MT GOLDSWORTHY - NORTHERN, JIMBLEBAR - BKM, LEINSTER - OC, MT WHALEBACK, YARRIE MINE, YABULU, LEINSTER - SP, LEINSTER - SP OXIDISED, LEINSTER - UG, MOUNT KEITH - SP, YANDI MINE - CID, STYBARROW, OLYMPIC DAM - NON SULPHIDE AU ONLY, MT NEWMAN - BKM, MT NEWMAN - MM, MT GOLDSWORTHY AREA C - BKM, MT GOLDSWORTHY AREA C - MM, ANGOSTURA GAS et OREBODY 24 en Australie, ALUNORTE, SAMARCO, PINTO VALLEY MIAMI UNIT, TROMBETAS RIVER et MRN (BAUXITE MINING) au Bresil, SELBAIE, LES MINES (OPEN PIT) et BUFFER ZONE au Canada, MAMATWAN, RICHARDS BAY MINERALS OPERATION et WESSELS en Afrique Du Sud, CERRO MATOSO et CERREJON COAL en Colombie, ANTAMINA, ANTAMINA et ANTAMINA ZINC ORE au Perou, LELYDORP MINE (SURINAME) au Suriname et BAJO DE LA ALUMBRERA en Argentine, ses principaux projets en développement sont YAKABINDIE, HODGKINSON BASIN - TREGOORA, KIPPER, YANDI MINE - BKM, RAVENSTHORPE - SP et RAVENSTHORPE - LATERITE en Australie, ONVERDACHT au Suriname, PUJADA aux Philippines et MIRADOR en Equateur et ses principaux projets en exploration sont WALES ISLAND, ILLIAMNA - BRISTOL, CHURCHILL, MIRAGE BAY - BAFFIN ISLAND, FOXE BASIN BAFFIN ISLAND, RAILROAD, LAC GAYOT- VIRGINIA, CHIDIAK-BAFFIN ISLAND, QILALUGAQ, GABBRO LAKE, POLARIS MINE, SAN MANUEL MINE et STANLEIGH MINE au Canada, PILBARA, MUSGRAVE, SOLDIERS CAP, HAMMER HILL, CLIFFS - UG, HODGKINSON BASIN -ATRIC et JIMBLEBAR - MM en Australie, KASHIJI PLAIN en Zambie, CHONTA et LA GRANJA au Perou, RATHDOWNEY TREND / MOATE en Irlande, KALAHARI au Botswana, ALTO CUILO PROJECT en Angola, MIRADOR NORTE en Equateur, ACT (ADLAY CAGDIANAO TANDAWA NICKEL) aux Philippines, COERMOTIBO au Suriname, GAC PROJECT en Guinee et GAG ISLAND en Indonesie. BHP Billiton est cotée au Royaume-Uni, aux Etats-Unis D'Amerique, en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 114,5 milliards (137,0 milliards US$, 120,0 milliards €). La valeur de son action a atteint son plus bas niveau récent le 28 juin 2002 à 0,53 , et son plus haut niveau récent le 17 janvier 2022 à 2 412,50 . BHP Billiton possède 47 442 200 actions en circulation. |
Dans les médias de VanEck Vectors Global Alternative Energy ETF |
Rapports annuels de VanEck Vectors Global Alternative Energy ETF |
Financements de VanEck Vectors Global Alternative Energy ETF |
Nominations de VanEck Vectors Global Alternative Energy ETF |
Rapports Financiers de VanEck Vectors Global Alternative Energy ETF |
Projets de VanEck Vectors Global Alternative Energy ETF |
|
Communiqués de Presse de VanEck Vectors Global Alternative Energy ETF |
21/08/2016 | [$$] Mining companies sweat the big and small stuff |
08/08/2016 | BHP Billiton opens Mobile Application Hub in Shanghai |
14/07/2016 | Update: Samarco |
26/01/2016 | Why Are BHP’s Copper Volumes Falling? |
25/01/2016 | The Supply Side Doesn’t Have Good News for Iron Ore Prices i... |
25/01/2016 | BHP’s US Onshore Takes Another Hit—Is There More to Come? |
25/01/2016 | Analyzing BHP’s Expectations from Petroleum in Fiscal 2016 |
25/01/2016 | Samarco sensors gave warnings well before Brazil damburst -G... |
12/01/2016 | Top Analyst Upgrades and Downgrades: Apple, BHP Billiton, CA... |
08/01/2016 | Brazil dam burst tailings spill below early estimates |
24/12/2015 | Zacks Industry Outlook Highlights: BHP Billiton, Rio Tinto, ... |
23/12/2015 | Industrial Metals Stock Outlook - Jan 2016 |
18/12/2015 | Why puts are surging in BHP Billiton |
18/12/2015 | BHP May Have to Choose between Capex and Dividends |
18/12/2015 | Why Are These Five Stocks in the Spotlight Today? |
17/12/2015 | Miners Fell after the Interest Rate Hike but Recovered Later |
17/12/2015 | Depressed Iron Ore Prices Will Strain BHP Billiton’s Cash Fl... |
17/12/2015 | Will BHP’s Petroleum Division Need to Take on More Impairmen... |
17/12/2015 | How Could the Samarco Dam Failure Impact BHP Billiton? |
17/12/2015 | Could BHP Billiton’s Situation Worsen Going Forward? |
04/12/2015 | Tough job for BHP to keep credit rating intact |
02/12/2015 | Hedge Funds Are Betting On NIKE, Inc. (NKE) |
02/12/2015 | Should You Buy BHP Billiton Limited (ADR) (BHP)? |
01/12/2015 | LATAM WRAP-Vale, Samarco weaken over disaster costs |
30/11/2015 | BHP Billiton Faces Pricing & Currency Woes; Scopes Scant |
30/11/2015 | Update: Samarco |
28/11/2015 | Brazil to sue BHP, Vale for $ 5.2 billion for burst dam |
27/11/2015 | Joint Statement on Plans to Create Rio Doce Fund |
26/11/2015 | BHP Billiton Statement Tailings |
29/10/2015 | Will BHP Billiton Borrow to Maintain Progressive Dividends i... |
27/10/2015 | BHP shares sink amid natural gas weakness |
27/10/2015 | Assessing BHP Billiton’s Iron Ore Production Target in 1Q16 |
27/10/2015 | BHP Billiton’s Positive 1Q16 Results and Stock Reactions in ... |
20/10/2015 | BHP Billiton Operational Review for the Quarter Ended 30 Sep... |
20/10/2015 | Goldman Sachs issued $5 billion worth of high-grade bonds |
19/10/2015 | Rio Tinto’s Iron Ore Volumes Continue to Deliver in 3Q15 |
19/10/2015 | Cliffs Natural Resources Has Underperformed Iron Ore Peers S... |
15/10/2015 | What Impacts Iron Ore Miners’ Break-Even Costs? |
03/10/2015 | How Is Rio Tinto Trading Compared to Its Peers? |
30/09/2015 | How is Rio Tinto Weathering the Copper and Coal Price Downtu... |
30/09/2015 | Rio Tinto’s Iron Ore Division: Are More Cost Cuts Possible? |
29/09/2015 | BHP Billiton confident of robust portfolio despite climate c... |
29/09/2015 | Why the Outlook on Iron Ore Is Still Negative |
29/09/2015 | Is Glencore Too Big To Fail? |
29/09/2015 | BHP Billiton's split may have lessons for Alcoa |
28/09/2015 | Submission to Australia's Senate Economics References Commit... |
23/09/2015 | Weekly Three-Year Low Highlights: BHP Billiton, Qualcomm, Mo... |
23/09/2015 | BHP slumps as Australians asked to fund UK dividend |
23/09/2015 | Iron Ore Shipments Remain Strong for August |
22/09/2015 | BHP Billiton Releases First Economic Contribution and Paymen... |
21/09/2015 | China Iron Ore Port Inventory Remains Low |
21/09/2015 | Iron Ore Prices Are Holding Steady Thus Far |
18/09/2015 | Copper Stocks to Watch Post-Chile Earthquake |
10/09/2015 | What’s Driving Unit Cost Reduction for BHP’s Coal Segment? |
10/09/2015 | BHP’s Coal Segment Sees Record Production in Fiscal 2015 |
10/09/2015 | BHP Billiton and SaskPower Partner to Accelerate Development... |
10/09/2015 | How Much Lower Can BHP’s Unit Iron Ore Costs Go? |
10/09/2015 | Why BHP Delivered Record Iron Ore Production in Fiscal 2015 |
09/09/2015 | UK Market and EWU Rebounded after Panic over China |
09/09/2015 | BHP Billiton Petroleum Operational Excellence Underpins Valu... |
28/08/2015 | BHP Billiton Faces Pricing & Currency Woes; Scopes Scant |
28/08/2015 | Week in Review, August 29 |
26/08/2015 | RBC No Longer Hates BHP Billiton: Should You? |
26/08/2015 | BHP Billiton's FY15 Earnings Weak, Down Y/Y on Headwinds |
25/08/2015 | BHP posts 86 percent profit drop as commodity prices tumble |
18/08/2015 | Statement Senate Inquiry Into Corporate Tax |
13/08/2015 | Celebrating 130 Years of History |
12/08/2015 | China's Currency Move Devalues the Miners |
10/08/2015 | Polaris Capital Management Remains Bullish On Top Picks, Inc... |
05/08/2015 | Rio and BHP bounce after recent sell-off |
03/07/2015 | Which Iron Ore Companies Benefit from this Price Environment... |
03/06/2015 | Commodities' glut to drag on, BHP chief warns |
21/05/2015 | Australian government rejects iron ore inquiry |
20/05/2015 | BHP settles SEC probe into Beijing Olympics hospitality |
19/05/2015 | BHP slides in wake of South 32 split |
19/05/2015 | BHP chief blasts Australia iron ore inquiry plans |
04/05/2015 | Goldman Sachs May Sell Coal Mines --Energy Journal |
27/04/2015 | BHP Billiton faces A$522m Australian tax dispute |
27/04/2015 | Corporate Tax Inquiry |
22/04/2015 | BHP Billiton Prices EUR2.0 Billion Bond |
22/04/2015 | BHP Billiton taps the brakes on iron ore expansion |
20/04/2015 | BHP Spinoff's Tailspin Is Dream for X2's Mick Davis: Real M&... |
16/04/2015 | BHP Billiton Down to Hold on Hostile Pricing Environment - A... |
16/04/2015 | What Would South32 Look Like after the Demerger? |
16/04/2015 | Demerger Vote for BHP Billiton and South32 Is on May 6 |
14/04/2015 | How Are Iron Ore Companies Doing Amid Decade-Low Iron Ore Pr... |
14/04/2015 | Is Cheaper Australian Iron Ore Displacing Chinese Production... |
13/04/2015 | Oil shares lose appeal in income funds |
13/04/2015 | BHP, Rio Faulted by Barnett on Iron Ore as Citigroup Sees $3... |
13/04/2015 | BHP, Rio Faulted by Barnett on Iron as Citigroup Sees $30s |
03/04/2015 | Supporting Local Communities in Western Australia |
02/04/2015 | BHP hits bottom of FTSE as iron price drops |
30/03/2015 | BHP Billiton Provides Submission to the Productivity Commiss... |
30/03/2015 | BHP Billiton Submission to Productivity Commission Review of... |
26/02/2015 | BHP highlights shale productivity gains |
24/02/2015 | As FTSE Hits a Record, Scratch Beneath the Surface |
30/05/2013 | News Release |
28/05/2013 | News Release |
14/05/2013 | News Release |
08/05/2013 | News Release |
07/05/2013 | News Release |
29/04/2013 | News Release |
24/04/2013 | News Release |
18/04/2013 | News Release |
17/04/2013 | News Release |
11/04/2013 | News Release |
20/02/2013 | News Release |
20/02/2013 | News Release |
01/02/2013 | News Release |
30/01/2013 | News Release |
22/01/2013 | News Release |
12/12/2012 | News Release |
11/12/2012 | News Release |
13/11/2012 | News Release |
07/11/2012 | News Release |
17/10/2012 | News Release |
09/10/2012 | News Release |
30/09/2012 | News Release |
19/09/2012 | News Release |
18/09/2012 | News Release |
10/09/2012 | News Release |
10/09/2012 | News Release |
07/09/2012 | News Release |
04/09/2012 | News Release |
27/08/2012 | News Release |
27/06/2012 | News Release |
22/06/2012 | News Release |
22/05/2012 | News Release |
15/05/2012 | News Release |
14/05/2012 | News Release |
14/05/2012 | News Release |
10/05/2012 | News Release |
09/05/2012 | News Release |
08/05/2012 | News Release |
18/04/2012 | News Release |
11/04/2012 | News Release |
11/04/2012 | News Release |
05/03/2012 | News Release |
01/03/2012 | Petrohawk Form 10-K Filing With SEC |
23/02/2012 | News Release |
22/02/2012 | News Release |
21/02/2012 | News Release |
13/02/2012 | News Release |
13/02/2012 | News Release |
01/02/2012 | News Release |
01/02/2012 | News Release |
19/01/2012 | BHP Billiton Goonyella To Abbot Point Rail Project: On Track |
20/12/2011 | News Release |
13/12/2011 | News Release |
05/12/2011 | Petrohawk Form-10Q Filing With SEC |
29/11/2011 | News Release |
12/10/2011 | News Release |
10/10/2011 | News Release |
20/09/2011 | News Release |
12/09/2011 | News Release |
02/09/2011 | BHP Billiton Donates US$500,000 to the United Nations World ... |
23/08/2011 | Supporting the Illawarra Community |
21/08/2011 | News Release |
09/08/2011 | BHP Billiton to acquire HWE Mining subsidiaries |
26/07/2011 | BHP and Petrohawk Energy Announce Early Termination of Wai... |
22/07/2011 | BHP BILLITON PRODUCTION REPORT FOR THE YEAR ENDED 30 JUNE 20 |
14/06/2011 | BHP Billiton And University College London Launch Natural Re... |
01/06/2011 | BHP Billiton Successful In High Court On Australian Taxation... |
01/04/2011 | BHP Billiton Joins Marine Well Containment Company |
25/03/2011 | BHP Billiton today announced approval of a US$400 million in... |
25/03/2011 | (angl) BHP Billiton today approved three key metallurgical c... |
24/03/2011 | Further growth at Western Australia Iron Ore |
15/03/2011 | BHP Billiton Donates US$1 Million To Japanese Disaster Relie... |
14/03/2011 | 2011 Interim Dividend |
22/02/2011 | Announces Acquisition Of Chesapeake Energy Corporation's Fa... |
25/01/2011 | BHP Billiton Donates A$2 Million To Victorian Flood Relief |
23/01/2011 | Increases Donation To Queensland Prem's Disaster Relief Appe... |
31/12/2009 | Finalisation Of The Richards Bay Minerals BBBEE Transaction |
24/11/2009 | David Morgan Resigns as Director |
21/01/2009 | Changes to BHP Billiton's Nickel Business |
03/12/2008 | Approves The North West Shelf Cossack, Wanaea, Lambert, Herm... |
17/07/2008 | Mitsubishi Alliance Entered Into An Agreement To Acquire The... |
11/07/2008 | Completes Acquisition Of Anglo Potash Ltd |
14/09/2007 | Premier Morris Iemma Opens World-First Power Generation Proj... |
Publication de commentaires terminée |
|
|