The world's biggest publicly traded copper producer has beat expectations despite major strikes, and copper producers are looking to brighter results.
Barclays Capital may have weathered spectacular losses by two of its copper traders, but the market is no stranger to maverick dealers.
It has been a roller-coaster year for copper, rattled by the Eurozone crisis and a slowdown in China. But supply remains tight as output is shaky.
Bloomberg reported that an improved joblessness outlook and economic data boosted prices for copper for a third straight day.
Reuters reported that copper prices remained steady to end a week of increases.
Bloomberg reported that an increase in US housing starts boosted prices for copper.
Bloomberg reported that Euro zone debt concerns prompted losses in copper markets.
Bloomberg reported that lower copper prices cost Antofagasta (LSE:ANTO) almost $300 million in third quarter.
Reuters reported that copper prices stabilized although weekly losses are expected.
With its Rock Creek mine one step closer to becoming a reality, the outlook for Revett Minerals looks bright in the eyes of analysts and executives.
Wednesday, January 25, 2012