Codelco to raise copper production by 10,000 tonnes; RBC flags $6/lb valuation gap
Codelco plans to boost its copper production to 1.344 million metric tonnes in 2026, adding roughly 10,000 t versus last year. RBC Capital Markets notes spot copper has topped US$6/lb while long-term implied futures trade at US$4.39–4.49/lb, highlighting valuation gaps that may influence copper ETF returns.
Related News
WMT
Walmart Set for Q1 EPS of $0.66 on $175B Revenue; Value Outlook Tempered
WMT•
NVDA
NVIDIA Forecasts Zero China Data Center Revenue, Targets $20B Vera CPU Sales
NVDA•
NVDL
GraniteShares 2x Daily Nvidia ETF Gains 172%, Tops $4 Billion AUM
NVDL•
DE
Menon Bearings Posts 23% Revenue Gain, 51 New Parts for Deere Supply
DE•
GS
Oil Prices Rebound to $99–$106 After Trump Iran Deal Comments, Inventories Drop
GS•
Sources
RP