PRECIOUS METALS | Rising Gold and Silver Prices Impact Copper Production Costs
Copper miners Southern Copper Corp. and Vale SA are experiencing a unique financial scenario as the prices of byproducts such as gold and silver soar. Bloomberg posted on X that this surge in byproduct prices has led to a situation where the cost of producing copper has effectively become negative. This development highlights the significant impact of precious metal market fluctuations on the copper mining industry.
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