Hello Share Consumers. It’s blindingly obvious that planet Earth is getting more electrical by the minute. What with electric cars, mobile phone obsession and artificial intelligence. And these are only a few examples of the march of electricity. And what does electricity production need most? Copper, that’s what.
Hello Share Wallowers. The old punter has drawn your wise attention to copper in a few fairly recent articles. The fact is that it’s used widely in the production of electricity. And it’s useful in both dirty ways of producing power and in the green revolution. Its conductive powers are going to be in increasing demand. Which leads me to Antofagasta (ANTO), which owns several copper mines in South America.
Hello, Share Scrapers. Many commodities are rising in value as the world returns slowly to normal after covid. One of the world’s most useful metals is copper, especially in the plumbing and electrical areas. Think electric cars, for example. Therefore a company which produces and sells the stuff is probably going to see a rise in its profits and consequently its share price.
John Meyer of SP Angel this morning comments on Antofagasta (ANTO), BHP Billiton (BLT), Ortac Resources (OTC), Polymetal International (POLY), Premier African Minerals (PREM) & Sirius Minerals (SXX) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
The three Cs of Crisis, China and Collateral have proved to be a potent negative combination over recent months with the copper price down nearly 15% year-to-date. Fears of a Chinese growth slowdown due to aggressive (and necessary) internal economic reform measures, combined with the alleged use of copper as a means of collateral in ‘shadow banking’ deals, has overhung the metal which is used widely in a variety of industrial and construction applications.
Antofagasta has announced its March quarter production figures. The group produced 183.8 kt of copper, 2.6kt of molybdenum and 86.2k oz of gold for the quarter.









