Previous close | 1.8600 |
Open | 1.8830 |
Bid | 1.8650 x N/A |
Ask | 1.9260 x N/A |
Day's range | 1.8570 - 1.8630 |
52-week range | 1.1450 - 1.9370 |
Volume | |
Avg. volume | 0 |
Market cap | N/A |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | 26 Apr 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
LONDON/TORONTO (Reuters) -Executives from Canadian miner First Quantum Minerals met with Chinese government officials last week to discuss funding and business options involving top investor Jiangxi Copper Co, three sources with knowledge of the matter said. The talks in Jiangxi province included topics such as the potential for state-run Jiangxi Copper, China's leading producer, to gain influence on First Quantum's board decisions, two of the sources said. Also discussed was the future of First Quantum's Zambian assets and the prospect of Jiangxi buying its disputed copper concentrates inventory from Panama, they said.
A year after Canada tightened foreign investment rules for the critical minerals sector, Chinese money has continued to pour into Toronto-listed miners, according to proprietary research conducted by the University of Alberta. The inbound flow is raising hopes among some junior miners that it will be easier to find Chinese funding. Canada had forced three Chinese investors to sell their stakes in Canadian critical mineral companies in 2022.
Miner Freeport-McMoRan reached agreement on Friday with Chinese smelter Jiangxi Copper for 2024 copper concentrate treatment and refining charges at $80 a metric ton and 8 cents per pound, a source said.