Copper prices (HG=F) have soared to an 11-month high, fueling a rally in mining stocks. RBC Capital Markets Mining Analyst Sam Crittenden joins Yahoo Finance Live to discuss his bullish outlook on the precious metal. According to Crittenden, the copper rally "has been expected for a few months now." He highlights that supply disruptions during the fourth quarter of 2023 transformed what was anticipated to be a surplus in 2024 into a deficit, which has "driven these higher prices." While sluggish demand from regions like China has been a concern, he notes that as the summer construction season approaches, typically a "strong period," demand concerns could potentially abate, driving copper prices even higher. However, Crittenden explains that the energy transition stands to be the biggest driver of copper demand going forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Ivanhoe Mines recognized profit of $303 million, record normalized profit of $388 million and record adjusted EBITDA of $604 million in 2023Kamoa-Kakula recognized record annual revenue of $2.70 billion and record EBITDA of $1.68 billion in 2023Kamoa-Kakula milled a record 8.54 million tonnes in 2023 at an average grade of 5.23% copperKamoa-Kakula produced 393,551 tonnes of copper in concentrate in 2023, achieving its production guidance range despite intermittent grid instabilityKamoa-Kakula re
Toronto, Ontario--(Newsfile Corp. - February 16, 2024) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) will release its fourth quarter and full year 2023 financial results before market open on Monday, February 26, 2024, which is the first day of the 33rd BMO Global Metals & Mining Conference in Hollywood, Florida.The company will hold an investor conference call to discuss the results at 10:30 a.m. Eastern time / 7:30 a.m. Pacific time on the same ...