Copper had an eventful year in 2023. It started the year priced at US$9,450.11 per metric ton (MT), but was affected by events throughout the year.
Supply and demand was a primary driver. Though deficits had been expected throughout the year, falling demand from China on a cooling real estate market caused the price of the red metal to slump close to the US$8,000 mark.
Following the closure of First Quantum’s (TSX:FM,OTC Pink:FQVLF) Cobre Panamá mine in Mexico, copper prices rallied in the final quarter with prices rebounding towards the US$8,500 mark in December.
How has pricing affected the markets? Read on to find out which companies have seen the best performance throughout the year.
1. Minsud Resources (TSXV:MSR)
Year-to-date gain: 211.54 percent; market cap: C$132.91 million; current share price: C$0.81
Minsud Resources is an exploration company focused on operations in Argentina. Its primary…
