A multibillion-pound copper mining specialist. You will be hard-pressed to find someone who knows more about copper than Antofagasta.
The good period didnt last long… It’s now in a free fall
Depends how you define long. It’s been going up for over a year, it’s only just rolling over now.
“last long enough”… for me personally, I’ve only been on it for the last 6 weeks’ish
The proposed levy on mining royalties in Chile is not good for Anto and whilst this seemed unlikely some months back it is becoming more plausible as the political landscape shifts. If the proposed royalty bill goes through it is likely to be negative future investment in Chilean copper production and costly for miners who operate there. On the other hand it could be very positive for copper prices.
Looks like £15.30’ish could be just about it’s bottom price