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Peru's Las Bambas copper mine is stopping production due to ongoing protests, removing another 2% of global supply, according to Reuters. The residents who are protesting at the mine are demanding compensation for its usage. This stoppage further exacerbates Peru’s production and sales problems, as nearly 20% of Peruvian copper exports are out of action due to another mine closure earlier this year, according to Bloomberg. |
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Consumers who are concerned about their copper input costs should consider financial swaps or purchasing call options. Such positions are standard for consumer hedging, but they can result in opportunity costs or cash costs if metal prices decline. Please contact AEGIS for specific strategies that fit your operations. (4/20/2022) |
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Note: Clients with AEGIS Platform access can see this and other research, plus hedge portfolio reporting and tools here. |
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AEGIS Insights |
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04/13/2022: AEGIS Factor Matrices: Most important variables affecting metals prices 04/05/2022: Russian Metals Production and Related News: Most Recent Developments (AEGIS Reference) |
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| Important Headlines | ||
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4/18/2022: China March crude steel output slips 6.4% on year, hurt by COVID outbreak 4/18/2022: China March aluminium imports down 4.6% year over year amid high overseas prices 4/18/2022: MMG's Las Bambas copper mine in Peru to suspend operations after protest |
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| Important Disclosure: Indicative prices are provided for information purposes only, and do not represent a commitment from AEGIS Hedging Solutions LLC ("Aegis") to assist any client to transact at those prices, or at any price, in the future. Aegis makes no guarantee to the accuracy or completeness of such information. Aegis and/or its trading principals do not offer a trading program to clients, nor do they propose guiding or directing a commodity interest account for any client based on any such trading program.
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