• Like
  • Comment
  • Favorite

Antofagasta's Shine Clouded by Middle East Conflict -- Market Talk

Dow Jones03-20 20:09

1209 GMT - Antofagasta investors could be looking for the exit if the war in the Middle East continues, RBC Capital Markets analysts write. The Chilean copper miner is at risk of a lower valuation as a prolonged war could weigh on global economic growth and sour investor sentiment, they add. Copper prices and shares in miners of the metal have risen sharply in the past year given its vital importance in data centers and electrification efforts. With oil flows out of the Middle East disrupted, prices are rising. The mining industry will face significant cost pressures but Antofagasta is relatively well-shielded for now, they say. The analysts cut the stock's rating to underperform from sector perform. Shares fall 0.9% to 3,244 pence. (adam.whittaker@wsj.com)

 

(END) Dow Jones Newswires

March 20, 2026 08:09 ET (12:09 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24