Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Antofagasta plc    ANTO   GB0000456144

ANTOFAGASTA PLC

(ANTO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

London copper rises on U.S. stimulus hopes

share with twitter share with LinkedIn share with facebook
07/27/2020 | 03:07am EDT

SINGAPORE, July 27 (Reuters) - London copper prices rose on Monday on hopes that the U.S. Congress would soon agree on a coronavirus relief deal, although gains were capped due to slowing Chinese demand.

Three-month copper on the London Metal Exchange rose 0.5% to $6,446.50 a tonne by 0703 GMT, while the most-traded September copper contract on the Shanghai Futures Exchange tracked overnight losses in London to close 0.4% lower at 51,600 yuan ($7,373.85) a tonne.

U.S. President Donald Trump's top aides agreed in principle with Senate Republicans on a $1-trillion coronavirus relief package, paving the way to negotiate with Democrats.

"This buying (in metals) looks to be related to the U.S. Senate agreeing in principle to the terms of the coronavirus aid bill," said Malcolm Freeman, a director at UK broker Kingdom Futures.

But analysts have warned about weak demand in China.

"Downstream purchase interest remains weak (in China). Copper consumers say weak season has arrived," said an analyst based in China.

Also weighing on prices were U.S.-China tensions and non-materialisation of potential labour strikes in top copper producer Chile.

Antofagasta's avoided a strike at Zaldivar copper mine in Chile, while mediation talks at its Centinela mine were extended in a last-ditch effort to stave off a strike.

FUNDAMENTALS

* OTHER PRICES: LME aluminium rose 0.2% to $1,702.50 a tonne, nickel advanced 0.6% to $13,735 a tonne. ShFE nickel jumped 2% to 110,140 yuan a tonne and tin climbed 2.8% to 146,510 yuan a tonne.

* COPPER: An unprecedented drop in lead demand from the auto battery sector led to massive surpluses, which is only the tip of the iceberg, analysts say.

* ALUMINIUM: China's primary aluminium imports in June rose more than 570% from May.

* For the top stories in metals and other news, click or

($1 = 6.9977 yuan) (Reporting by Mai Nguyen; Editing by Vinay Dwivedi and Uttaresh.V)


Stocks mentioned in the article
ChangeLast1st jan.
ANTOFAGASTA PLC -3.09% 1014.5 Delayed Quote.13.00%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.25% 6.72822 Delayed Quote.-3.48%
share with twitter share with LinkedIn share with facebook
All news about ANTOFAGASTA PLC
10/27EUROPE : European stocks hit one-month low as virus fears dominate
RE
10/27European stocks hit one-month low as virus fears dominate
RE
10/22EXCLUSIVE : Biden campaign tells miners it supports domestic production of EV me..
RE
10/22Biden mining stance seen boosting glencore, antofagasta unit copper projects ..
RE
10/21ANTOFAGASTA : reports third-quarter copper output fall but keeps guidance
RE
10/21Copper moves above $7,000 for the first time since June 2018
RE
10/21ANTOFAGASTA : Quarterly Production Report - Q3 2020
PU
10/09ANTOFAGASTA : announces pricing of bond
PU
10/09ANTOFAGASTA : announces pricing of bond
PU
10/08Enel Green Power Chile to Build Solar Plant for $164 Million
DJ
More news
Financials (USD)
Sales 2020 4 583 M - -
Net income 2020 426 M - -
Net Debt 2020 287 M - -
P/E ratio 2020 29,3x
Yield 2020 1,70%
Capitalization 13 308 M 13 352 M -
EV / Sales 2020 2,97x
EV / Sales 2021 2,61x
Nbr of Employees 6 532
Free-Float 33,9%
Chart ANTOFAGASTA PLC
Duration : Period :
Antofagasta plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ANTOFAGASTA PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 13,22 $
Last Close Price 13,50 $
Spread / Highest target 24,4%
Spread / Average Target -2,10%
Spread / Lowest Target -25,1%
EPS Revisions
Managers
NameTitle
IvŠn Arriagada Herrera Group Chief Executive Officer
Jean-Paul Luksic Fontbona Non-Executive Chairman
HernŠn Menares Vice President-Operations
Mauricio Ortiz Group Chief Financial Officer
Ramon F. Jara Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ANTOFAGASTA PLC13.00%13 352
FIRST QUANTUM MINERALS LTD.7.82%7 417
KGHM POLSKA MIEDZ S.A.31.67%6 504
JIANGXI COPPER COMPANY LIMITED-14.83%6 159
VEDANTA LIMITED-32.76%5 154
KAZ MINERALS PLC7.41%3 525