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COPP

Sprott Funds Trust.

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Freeport-McMoRan (NYSE:FCX) reported strong Q2 FY24 earnings, beating revenue and EPS estimates despite shipping delays in Indonesia. Copper and gold sales were down year-over-year, but the company remains optimistic about future production and pricing. Investors can also gain exposure through Sprott Copper Miners ETF (NASDAQ:COPP) and Exchange Traded Concepts Trust Optica Rare Earths & Critical Materials ETF (NYSE:CRIT).

Portfolio Pulse from Lekha Gupta

July 23, 2024 | 4:24 pm

BHP Group's nearly $40 billion bid for Anglo American may spark a bidding war for the copper-rich company, as demand for copper surges with the global shift towards clean energy. BHP's offer, seen as low by analysts, could lead to higher bids from rivals like Glencore, Vale, and Rio Tinto. The deal highlights the increasing value of copper assets amid a global scramble for resources essential to the clean energy transition.

Portfolio Pulse from Matt Whittaker

April 25, 2024 | 9:53 pm

Freeport-McMoRan Inc. (NYSE:FCX) reported first-quarter FY24 results with revenue of $6.32 billion and adjusted EPS of $0.32, both surpassing consensus estimates. Copper and gold sales increased significantly, with operating income and cash flow showing improvement. The company provided positive outlooks for Q2 FY24 and the full year, expecting strong sales volumes and operating cash flows. Despite the positive results and outlook, FCX shares are trading lower. Exposure to FCX can be gained through Sprott Copper Miners ETF (NASDAQ:COPP) and Exchange Traded Concepts Trust Optica Rare Earths & Critical Materials ETF (NYSE:CRIT).

Portfolio Pulse from Lekha Gupta

April 23, 2024 | 5:35 pm

Wall Street is increasingly bullish on copper due to its growing use in AI and data center operations, with predictions of demand surging and prices rising. Jefferies forecasts a significant jump in copper demand by 2030, while Morgan Stanley expects copper prices to increase by 12% by year-end. Investors are advised to look at stocks like Solaris Resources and Filo Mining, and ETFs such as Global X Copper Miners ETF, Sprott Copper Miners ETF, and iShares Copper and Metals Mining ETF.

Portfolio Pulse from Benzinga Neuro

April 15, 2024 | 3:18 am

Copper prices have been rising, signaling optimism about the global economy, particularly with expectations of China's economic recovery. Supply disruptions and lower mine output have contributed to the price increase, with futures hitting an 11-month high. Companies like First Quantum Minerals, Anglo American, Teck Resources, and Southern Copper Corp. have reduced production outlooks. Analysts predict copper prices could reach $10,000 per metric ton by year-end, benefiting miners like Freeport-McMoRan Inc. and ETFs focused on copper mining.

Portfolio Pulse from Matt Whittaker

April 04, 2024 | 12:57 pm

Goldman Sachs has shifted to a bullish stance on commodities, forecasting a 15% increase in raw material prices due to lower borrowing costs, a recovering manufacturing sector, and geopolitical tensions. The bank highlights copper, aluminum, gold, and oil products as commodities with potential gains, with specific year-end price forecasts provided for copper, aluminum, and gold. This outlook is supported by other analysts and factors such as central bank rate cuts, China's economic recovery efforts, and supply constraints in the copper market. Investors are advised to be selective, as not all commodities may see uniform gains. The article also mentions Sprott's newly launched Copper Miners ETF (NASDAQ:COPP) as an investment option.

Portfolio Pulse from Stjepan Kalinic

March 27, 2024 | 2:31 pm

Ecuador announced a $3.2 billion investment in SolGold's Cascabel copper-gold project, marking a significant move in the country's mining sector. This investment aims to leverage the growing copper market amid supply constraints. SolGold, which saw its shares surge 23%, also revealed a reduction in upfront costs for the project and signed an MoU for a potential carbon-neutral power supply. Major stakeholders in SolGold include BHP, Newmont, and Jiangxi Copper, with the Sprott Copper Miners ETF also related to the copper industry.

Portfolio Pulse from Stjepan Kalinic

March 07, 2024 | 2:29 pm

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