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Prices & Quotes - UK Markets - Antofagasta (ANTO)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 1,426.00p
Change Today:
14.00p
Market Cap:
14,058m
Sector:
Mining

Copper prices rally after Antofagasta miners vote to strike

By Abigail Townsend

Date: Monday 13 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Copper prices spiked on Monday on possible supply issues, after workers at a Chilean mine owned by Antofagasta voted in favour of strike action.
On Friday, workers at the Zaldivar copper mine voted to strike after 99% of union members rejected a pay offer.

The union said in a statement to Reuters: "We cannot accept mine owners exploitation. If the company does not recognise our contribution and sacrifice, it will face an extensive strike that will completely stop production."

In response, the blue chip miner told Reuters: "We hope to reach an agreement through dialogue, considering the conditions of Zaldivar mine's business and its projections."

It is understood that government mediation will now take place, ahead of a strike date set for 15 July.

Traders were less optimistic, however, and by 0945 BST on Monday, benchmark copper on the London Metal Exchange had hit $6,553 a tonne, a near 2% jump. Earlier they touched $6,633, the highest since June 2018.

Also weighing on the price was the prospect of flooding in China. The country's Jiangxi province - a major copper cathode producing region - has issued flood warnings after being hit with torrential rain.

In March, copper tumbled to a four-year low because of the Covid-19 pandemic and its impact on global demand. Prices have been steadily improving in recent weeks, however, as lockdown measures ease and the global economy starts to pick up again.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Antofagasta Market Data

Currency UK Pounds
Price 1,426.00p
Change Today 14.00p
52 Week High 1,925.00p
52 Week Low 902.20p
Volume 342,417
Shares Issued 985.86m
Market Cap 14,058m

Performance Indicators

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What The Brokers Say

Strong Buy 2
Buy 1
Neutral 8
Sell 0
Strong Sell 8
Total 19
sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Antofagasta Dividends

  Latest Previous
  Final Interim
Ex-Div 22-Apr-21 03-Sep-20
Paid 14-May-21 02-Oct-20
Amount 48.50¢ 6.20¢

Trades for 22-Jun-2021

Time Volume / Share Price
15:55 260 @ 1,426.00p
15:55 65 @ 1,426.00p
15:54 542 @ 1,426.00p
15:54 26 @ 1,426.00p
15:53 136 @ 1,426.00p

Antofagasta Key Personnel

Chair Jean-Paul Luksic