coppermining
First Quantum Minerals (TSX:FM,OTC Pink:FQVLF) reported its Q1 results on Tuesday (April 23), revealing a net loss of US$159 million (US$0.21 per share) and an adjusted loss of US$154 million (US$0.20 per share). The company's gross profit came in at US$156 million, with EBITDA at US$180 million, both lower than last year. These downturns have been attributed to disruptions at First Quantum's Cobre Panama mine, which led to it being taken offline and placed in a preservation and safe management phase in November 2023. With those circumstances in mind, First Quantum emphasized its commitment to...
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Copper is the third most-used metal in the world, and experts believe demand for this important commodity is set to rise in the coming years. At the same time, the supply situation is expected to tighten up. For that reason, market watchers may be asking, “When will copper go up?” The general consensus is that while prices may not break out in the near term, they will rise once the market truly starts to enter a deficit. This is already being seen in 2024 as copper prices climb. “Most analysts are modeling growing deficits in the copper market balance by 2027-2028, with a near-term forecast (2...
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