Precious Metals

[gfp927z]

Derf, With SCCO, it looks like China is cutting their production (article excerpt below), so SCCO and FCX are way up today. Nice move :o) -


>>> Copper and Miner Shares Jump After China Output Cut


Wall Street Journal

by Bob Henderson

3-13-24


https://www.wsj.com/livecoverage/stock-market-today-dow-jones-03-13-2024/card/copper-and-miner-shares-jump-after-china-output-cut-N6dm8hihs8R9lQZOIZBZ?siteid=yhoof2


Copper futures and shares of mining companies popped Wednesday after some of China's smelters agreed to cut production.

Copper futures for March delivery gained 3.25% to close at $4.05 a pound, their highest settlement value in nearly 11 months. Shares of diggers Freeport-McMoRan and Southern Copper were recently up 7.9% and 11%, respectively.

The production cuts were reported by Reuters, which said China's top smelters agreed Wednesday to reduce production at some loss-making plants to cope with a shortage of raw material...

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