The optimism stems from a global trend towards renewable energy transformation, in which copper is an essential metal.

One of the largest zinc mining companies in the world, the company reported consolidated net revenue of $722 million, compared to $603 million in the same period of 2020.

Both Anglo American and Antofagasta have reported drops in production due to water availability issues exacerbated by a historic drought that's affected the country for more than a decade.

Miner renewed its nickel hedging program in 2022 to protect against huge price swings, but ended up losing out on $75 million in potential gains from the metal’s unprecedented rally.

Las Bambas suspended operations on April 20 after communities had settled inside the mine.

The SEC’s complaint, filed in federal court in Brooklyn, is seeking civil penalties, ill-gotten gains plus interest.

Glencore Plc is the latest giant miner to pare back production forecasts, in what’s turning out to be a difficult start to the year for companies.