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☆ Another way to play the commodity breakout with a copper stock forming a 'bull flag' chart pattern
▼ + stars: | 2024-04-19 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

If you look at the other metals like copper and steel and their associated stocks you'll see breakouts as well, and in fact, they are showing more strength than gold stocks. Looking at a chart of copper we'll see a clear breakout above the early 2023 high of $4.35 with the 2022 highs of $5.00 targeted. Fundamentally speaking copper is an industrial metal heavily needed in China and India for infrastructure, transportation, and the green energy buildout. 'Bull flag' pattern The way I'm expressing this bullish thesis in copper is through my holdings in Southern Copper Corp (SCCO) in the dividend portfolio at Inside Edge Capital. That's not exactly cheap, but with the forecasted global demand of copper we think that multiple is justified.

Persons: There's, COPX, That's, Todd Gordon, Gordon, SCCO Organizations: Gold Miners, Copper Miners, Southern Copper Corp, Edge, Inside Edge, Inside Edge Capital Management Locations: China, India, Panama, GDX, COPX, Arizona

☆ These are the best stocks to play the 'explosive' up move in copper, according to Strategas
▼ + stars: | 2024-04-07 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Copper prices are in the midst of a sharp rally, and there are a few stocks investors could check out to play the trend, according to Strategas. In a Thursday report, he called out the "explosive move from copper" and identified stocks with exposure to the metal that are breaking out of their multi-year ranges. The average price target suggests downside of about 3% from current levels. The average price target suggests 29% downside from current levels. He also raised his price target to $130 from $91, implying that shares could rally about 17% from their Friday close.

Persons: Chris Verrone, Bernstein, Bob Brackett, Brackett, Jefferies, Alejandro Anibal Demichelis, Demichelis Organizations: Copper, Southern Locations: U.S, Freeport, McMoRan, McRoRan, Indonesia, Mexico

☆ Peru seeks mining investment revival with pledge to end 'chaos, disorder'
▼ + stars: | 2023-09-27 | by ( Marco Aquino | ) www.reuters.com time to read: +4 min

[1/2] Trucks remain stuck during a roadblock caused due to a demonstration by anti-government protestors demanding the resignation of Peru's President Dina Boluarte, in Condoroma in Cusco region, Peru February 4, 2023. REUTERS/Pilar Olivares/File Photo Acquire Licensing RightsSummaryCompanies Peru mining investment expected to drop 18% this yearMiners push to use contractorsGovernment aims to streamline environmental permittingLIMA, Sept 27 (Reuters) - Peru is looking to put the "chaos" of months-long protests earlier this year behind it to revitalize flagging mining investment in the world's no. As a mining conference in the southern Andean region of Arequipa got started this week, Prime Minister Alberto Otarola addressed concerns about political instability and protests that have led to an expected 18% drop in mining investment this year. The last major investment in Peru was Anglo American (AAL.L)'s $5 billion Quellaveco project, which came online last year and has helped buffer production figures. Reuters GraphicsReporting by Marco Aquino; Editing by Adam Jourdan and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Dina Boluarte, Pilar Olivares, Alberto Otarola, Otarola, Raúl Jacob, Pedro Castillo, Boluarte, Mines Oscar Vera, Victor Gobitz, Gobitz, Marco Aquino, Adam Jourdan, Sonali Paul Organizations: REUTERS, Companies, Miners, Reuters, Mining, Grupo Mexico's, Reuters Graphics, of Energy, Mines, BHP, Mitsubishi, Thomson Locations: Condoroma, Cusco region, Peru, Companies Peru, LIMA, Arequipa, American, Teck

☆ Analysis: Peru copper miners say red tape snarling red metal production ramp-up
▼ + stars: | 2023-07-07 | by ( Marco Aquino | ) www.reuters.com time to read: +4 min

[1/5] Trucks from the Las Bambas mine circulate along the mining corridor between Sayhua and Ccapacmarca, near Ccapacmarca, Peru, January 19, 2022. REUTERS/Sebastian Castaneda/File PhotoLIMA, July 7 (Reuters) - Copper miners in Peru, already battling political uncertainty and regular protests, say they have another hurdle to revving up stalled production of the red metal: too much red tape. 2 copper producer, has seen output plateau in the last five years as political instability, revolving governments and flagging investment has let rival producer Congo almost overtake it. 1 producer Chile has also seen production slide, dented by political uncertainty around taxes and regulation. Until that happens, mining executives said Peru's $53 billion mining investment pipeline, largely copper, would only move forward slowly, despite government hopes that some $7 billion of that being unlocked in 2023 and 2024.

Persons: Sebastian Castaneda, LIMA, Raul Jacob, Jorge Soto, it's, Víctor Gobitz, Tia Maria, Marco Aquino, Adam Jourdan, Sandra Maler Organizations: REUTERS, Congo, Reuters, World Bank, BHP, Newmont Corp, Thomson Locations: Sayhua, Ccapacmarca, Peru, Lima, Chile, Canada, Mexico

Small-scale copper miners are now challenging Big Copper for territorial control of rich deposits of the red metal. In Peru, artisanal mining permits have doubled to 80,000 since 2020, government records show. Peru's leftist administration presented a new framework for artisanal mining last week that declared artisanal mining is "as important" as big mining. "Where we have concessions we can't have (artisanal mining permits)," Rojas said. The number of valid artisanal mining permits in Tapairihua has fallen from 100 to 32 since May, according to government records.

☆ Contrabandişti de ţigări din Bistriţa-Năsăud şi Maramureş, reţinuţi de DIICOT. Prejudiciu de 616.000 de lei
▼ + stars: | 2020-11-13 | by ( ) adevarul.ro time to read: +3 min

Prejudiciu de 616.000 de leiPe raza judeţelor Bistriţa-Năsăud şi Maramureş au activat două grupări specializate în activităţi de contrabandă ce au cauzat un prejudiciu de aproximativ 616.000 lei. O parte dintre acestea, respectiv 320.000 ţigarete au fost capturate în cadrul activităţilor investigative desfăşurate”, arată comunicatul de presă al DIICOT. În cursul zilei de sâmbătă, un inculpat va fi prezentat Tribunalului Bistriţa-Năsăud cu propunere de arestare preventivă, pentru o perioadă de 30 de zile. „Acţiunea a beneficiat de sprijinul poliţiştilor din cadrul SCCO, SAS, SIC şi Poliţiei Municipiului Bistriţa din cadrul IPJ Bistriţa-Năsăud şi al poliţiştilor de frontieră din cadrul Inspectoratului Teritorial al Poliţiei de Frontieră Maramureş. Suportul de specialitate a fost asigurat de către Direcţia Operaţiuni Speciale.

Organizations: DIICOT, SAS Locations: DIICOT Bistriţa, Năsăud, Maramureş, Ucraina, România, Crasna, Bistriţa, Cluj, României, glonţ

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