First Quantum in fashion
    
    
      
    
  

  
    
        Global copper producer First
        Quantum Minerals will be reentering
        the INK Canadian Insider Index during the
        Index's quarterly rebalancing on Friday.
        First Quantum could be a winner in
        a G-economy scenario
        of government-led inflation.
        Increased government spending around
        the world could help
        boost the demand for copper.
        Meanwhile, the metal may have
        something else going in its favour.
        According to a report in the Economist,
        copper appears to neutralize
        the coronavirus quicker
        than some other materials like
        plastic and stainless steel.
        If COVID-19 lingers, copper could be
        one of the more fashionable materials
        with consumers.
        However, First Quantum is
        not immune to COVID-19.
        The company has placed
        its Cobre Panama operation onto
        care and maintenance in response
        to local health authority rules.
        Fortunately, the bulk of
        First Quantum's production
        is from two mines in
        Zambia where the number of known cases
        of COVID-19 remains relatively low,
        and the mine operations
        continue uninterrupted.
        Nevertheless, due to the stoppage in Panama,
        First Quantum lowered
        its 2020 copper production guidance by
        75,000 tonnes and gold by 30,000 ounces.
        Insiders were buying during
        the sell-off in March,
        including Jiangxi Copper which
        is a 10% holder.
        Get our full report via INKResearch.com or
        the Canadian Insider Club at
        CanadianInsider.com.
        This report is not
        a recommendation to buy or sell securities.