Lower prices, stubborn costs could weigh on copper miners' quarterly results
Yahoo Finance -

Freeport-McMoRan and Canada's Teck Resources are expected to post a combined adjusted net income of $666.3 million, according to LSEG estimates, compared with $1.43 billion in the year-ago quarter. Copper prices touched a multi-year high last month after major Chinese copper smelters agreed to limit capacity expansion. Despite the late rally, average benchmark copper prices were down about 5% during the quarter compared to last year, weighed by concerns over demand in top-consumer China and...

Related Articles

Latest in News

More from Yahoo Finance | Teck Resources Copper prices copper miners LSEG Freeport-McMoRan lower prices earnings estimates earnings this week Earnings NYSE:FCX