Starting on July 30, the LME will start providing a set of synthetic monthly prices for the six main base metals — copper, aluminum, zinc, lead, nickel and tin.
The base metals producer said that, while it has not yet received a formal offer from Lundin, the bid announced Monday the bid ignores the fundamental value of the company and its assets.
A common target for the thieves is Antofagasta Plc’s logistics unit Grupo FCAB, which owns and operates about 700 kilometers of railway lines used to transport cathode and semi-processed copper.
Thieves leap from trucks onto trains as they roll through Chile’s Atacama Desert, before throwing 80-kilo slabs of copper to the ground and disappearing.
