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Suncor Energy Inc :SARNIA REFINERY, ONTARIO, CANADA REPORTS FLARING DUE TO PROCESS INTERRUPTION SOURCE: COMMUNITY ALERTREFINERY CAPACITY: 85,000 BARRELS PER DAY
Barclays analyst Amos Fletcher maintains a Buy rating on Rio Tinto with a price target of £54.50. Fletcher, a 3-star analyst, has an average return of 2.8% and a 56.11% success rate. J.P. Morgan also issued a Buy rating, while RBC Capital maintained a Hold rating. Fletcher covers the Basic Materials sector, including stocks like Vale SA and FRESNILLO.
Gunnison Copper Corp. announced that Rio Tinto has produced the first copper from the Johnson Camp mine in Arizona using Nuton® Technology. This marks a significant advancement in copper processing, utilizing bioleaching technology developed over 30 years. The project aims to produce 30,000 tonnes of refined copper over four years. Gunnison Copper shares are up 2 cents at $0.39.
Copper prices are expected to rise due to supply concerns and increased demand from AI and renewable energy sectors. Gunnison Copper, Rio Tinto, Freeport-McMoRan, BHP Group, and Teck Resources are highlighted as top copper stocks. Gunnison Copper's Johnson Camp Mine, funded by Rio Tinto's Nuton LLC, has started production and received $13.9 million in tax credits to expand. Rio Tinto aims to enhance returns through operational excellence and project execution. Goldman Sachs raised its copper price forecast for early 2026, citing constrained supply and strong demand.
Shares of copper miners fall, tracking lower prices of the red metal Benchmark copper (CMCU3) on the London Metal Exchange down 0.7% at $11,401 a metric ton Copper prices dip as traders said the panic over tight supplies that caused a price spike this week had started to ease (MET/) Global mining giant Rio Tintodown 1.7% Southern Copperdown marginally and Freeport-McMoRan
