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 In Response to a Steady Fed, Southeast Asia Adjusts Rates to Safeguard Currencies READ MORE Western Nations Struggle to Dent China's Rare Earth Monopoly READ MORE July PCE Data Reinforces Powell's Stance on Potential Rate Cuts READ MORE Gold Price Tests $2,500 Levels READ MORE HSBC Introduces Groundbreaking Tokenized Gold in Hong Kong READ MORE Add a Comment Cancel replyYour email address will not be published.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