Copper Miners Face Earnings Squeeze Amid Falling Prices and High Costs North American copper miners, including Freeport-McMoRan and Teck Resources, are anticipated to show a significant drop in their first-quarter earnings due to declining copper prices and ongoing high operational costs. Despite copper prices reaching multi-year highs last month following capacity expansion limits by major Chinese smelters, the average benchmark prices fell around 5% during the quarter. This decline is attributed to concerns over reduced demand from China, the top consumer of copper, and worries about rising interest rates affecting the market. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Oil Prices Waver Amid Economic Uncertainty and Interest Rate Speculation READ MORE Persistent Inflation Challenges Eurozone, Core Prices Higher Than Anticipated READ MORE Potential Shift in Fed's Interest Rate Committee Dynamics in 2024 READ MORE Yahoo Finance Chartbook: 10 Charts That Show the Economic Forces Staving Off Recession READ MORE The $10 Trillion Defense Dilemma: Calls for Doubling NATO Defense Spending READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment