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Stock impact report

Adani's Billion Dollar Copper Play Slows Amid Mining Shortfall [BNN Bloomberg (Canada)]

Hudbay Minerals Inc. Ordinary Shares (Canada) (HBM) 
Last hudbay minerals inc. ordinary shares (canada) earnings: 2/20 05:35 pm Check Earnings Report
Company Research Source: BNN Bloomberg
Adani Enterprises Ltd. is likely to start processing the first copper concentrates or ore at its plant in the western Indian state of Gujarat in November and will build up slowly from there, according to people familiar with the matter who asked not to be named because the information was private. The 500,000-ton-a-year Kutch smelter is part of a copper-producing complex that billionaire Adani aims to expand into the world's biggest single-site custom processor of the metal and should go a long way in alleviating India's reliance on imports of refined metal. Adani kicked off copper refining earlier this year but will slowly build up smelting at the plant with the market currently experiencing its most acute shortfall of concentrate supply in decades. Alongside the Adani project, new smelters starting up in Indonesia and China this year have created a huge mismatch between the demand and the availability of mined ore. Processing of mined copper into commodity-grade cathodes happ Show less Read more
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