|Bid||935.00 x 38000|
|Ask||978.50 x 120000|
|Day's Range||937.00 - 961.00|
|52 Week Range||473.00 - 961.00|
|PE Ratio (TTM)||59.00|
|Dividend & Yield||0.31 (2.68%)|
|1y Target Est||N/A|
Chilean copper producer Antofagasta said on Wednesday production in the first half rose 7.1 percent and kept its full-year cost and output guidance after talks to avert strike action. Copper prices have rallied this month as the global market is increasingly seen close to balanced, compared with expectations of a surplus at the start of the year, after an Indonesian strike and contract negotiations at Chile's Escondida interrupted supply from the world's top two mines. New labour laws in Chile, combined with still relatively low prices, have stoked fears of more widespread labour disputes, but Antofagasta averted strike action last week when it signed a wage deal with workers.
U.K. blue-chip stocks advance, with gains for miners and oil companies helping the market's benchmark chip away at a sharp loss logged in the previous session, as Jimmy Choo gains on Kors deal news.
Copper prices touched a five-month high Tuesday amid signs of stronger Chinese demand and lingering supply-side concerns.