Copper
Anglo American and Teck Announce Merger
An Ruwaito ta hanyar AI
Anglo American and Teck Resources have agreed to a $50 billion merger in the copper sector. The deal aims to create a major player in global mining.
Copper price surpasses US$5 for first time in London
The copper price hit US$5.02 per pound on the London Metal Exchange this Wednesday, breaking the US$5 barrier for the first time in nominal terms. This marks the highest nominal historical value and the second highest in real terms since 2011. Experts attribute the rise to energy transition demands and supply constraints.
Copper price hits historical record on us-china agreement
Copper prices hit a new historical high of US$4,983 per pound, driven by a preliminary US-China agreement to suspend tariffs. This sparked global optimism that lifted Chile's Ipsa and boosted stocks of firms exposed to Argentina following Javier Milei's victory. US markets also rose, with Nasdaq gaining 1.86%.