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Amerigo Resources Ltd T.ARG

Alternate Symbol(s):  ARREF

Amerigo Resources Ltd. is a Canada-based copper producer. The Company owns a 100% interest in Minera Valle Central S.A. (MVC), a producer of copper concentrates. MVC, located in Chile, has a long-term contract with the El Teniente Division (DET) of Corporacion Nacional del Cobre de Chile (Codelco) to process fresh and historic tailings from El Teniente. The Company operates in one segment, the production of copper concentrates under a tolling agreement with DET.


TSX:ARG - Post by User

Post by downwithdotcom1on Jun 17, 2024 10:22am
160 Views
Post# 36091952

1st nickel and now copper...

1st nickel and now copper...

As posted before with what happened with nickel and now we have meddling once again by a certain asian super power to influence and lower the price of copper..WORST PART is we actually listen rely to there spew of data??? Easy come, easy go and its just SO WRONG...dwdc


"Copper added to four straight weeks of declines after economic data from China highlighted continued weak spots in the metal’s biggest market.

Copper fell 0.9 per cent to US$9,655 a ton by 2:42 p.m. in Shanghai, heading for its lowest close on the London Metal Exchange in two months. The world’s second-biggest economy released figures on Monday that bolstered concerns over a disappointing demand recovery. While retail sales were stronger in May, industrial output and fixed-asset investment both posted slower growth, and the housing slump deepened.

President Xi Jinping’s government has rolled out various measures to steady growth and stabilize the property sector, but Monday’s data triggered calls for more powerful action. Declines in real estate investment and home prices both gathered pace in May.

“The Chinese property sector continues to weaken despite a series of easing policies,” said Wang Yingying, an analyst with Galaxy Futures Co. “People are very pessimistic about the property market.”

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