The copper experienced a decline of 0.7% in the first hours of this Monday, according to the board of the London Metal Exchange (BML). According to the initial estimate for this week, the raw material was traded at US$4,614 per pound, averaging US$4,509 so far this year, with an increase of 17.8%. Juan Ortiz Godoy, […]
Tag: copper
Dollar: exchange rate reached 15 maximum falls so far in 2022
The dollar has lost 7.17% against the Peruvian sol so far in 2022, after a dreadful 2021 that was marked by the pandemicinflation and political uncertainty that reigned during and after the electoral process. Despite this, the exchange rate price It already registers a total of 15 maximum falls in 2022, accompanying the downward trend, […]
Conflict in Ukraine boosts copper price
The war in Ukraine has pushed copper prices higher in the last two weeks. Last Monday, March 7, the red metal closed with a new high of US$10,730 a tonne, on the London Metal Exchange (LME), as a result of the uncertainty regarding its provision. The malleable price has increased by 55% since April 3, […]
Las Bambas: mining company does not send copper to the port of Matarani since March 1
Due to the blockade carried out by protesters from the community of Urinsaya in the Cusco province of Espinar, the mining company MMG Las Bambas has not sent copper to the port of Matarani in Arequipa, according to the Bloomberg agency. However, the source cited by the agency explained that copper production remains at normal […]
Chile’s mining production falls 6.3% in January due to lower activity
According to the National Institute of Statistics (INE) of Chile, lmining production fell 6.3% in January compared to the same month in 2021 due to lower activity in metal mining. The entity of the southern country highlighted that the production in the metal mining fell 8.1% “as a result of a drop in the extraction […]
War in Ukraine: impacts of the rise in the price of copper in Peru
The intensity of the war in Ukraine caused a great impact on the financial markets this Monday, March 7, after the prices of the metals broke new records. One of them was the copper pricewhich reached a record high of US$ 10,845 a ton on the London Metal Exchange (LME), before closing at US$10,730, a […]
War in Ukraine: Peru will benefit from high metal prices, according to Fitchs
Fitch Ratings pointed out, this last Monday, March 7, that the impact of the high prices of raw materials such as the highest of metals will benefit Chile (A-/Stable) and Peru (BBB/Stable) (although a major shock to global growth could cause prices to fall), but as importers of Petroleumthe benefit will be offset by higher […]
War in Ukraine: gold and copper accumulate profits, red metal exceeded US $ 10,800
The war in Ukraine intensifies, and this last Monday, March 7, metals such as gold and the copper they have accumulated new price gains in the face of the general advance due to a fear in the supply of these and the sanctions on Russia. The gold futures rose above $2,000 an ounce for the […]
Codelco profits increased by 256%
The Chilean state-owned Codelco reported that during 2021 it obtained benefits of US$7,394 million, which means 256% more than in 2020; thus achieving its best result in 9 years, as a result of the favorable situation for copper. Octavio Araneda, executive president of Codelco, explained that this result was the result of the increase in […]
Codelco recorded US$ 7,394 million in profits in 2021 due to a solid copper price
The Chilean state Codelco records US$ 7,394 million in profits in 2021, 256% more than in 2020 and reached its best result in 9 years, due to the favorable situation for copper. According to Octavio Araneda, executive president of Codelcothis success was due to the “strong impact on the increase in the average price of […]