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Copper return brings Atalaya back into contention

Supply concerns in South America means a stable European producer is a good option for investors
Copper return brings Atalaya back into contention

There have been two important numbers for copper miners this month. The first is China’s production figures for copper cathode, a finished product that is sold on to manufacturers.

IC TIP: Buy at 166p
Tip style
Growth
Risk rating
High
Timescale
Medium Term
Bull points

Copper recovering 

Expansion at Riotinto completed

Offers European supply

 

Bear points

Higher cost than competitors 

Uncertainty over Touro project 

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