Newmont's copper project revenues surged in 2024 due to a combination of factors:
- Strong Copper Prices: Copper prices have been rising due to global supply disruptions and increased demand for the metal. China, the world's leading supplier of copper, has experienced supply disruptions in its copper smelters, leading to a lower supply and higher prices1. This favorable market conditions significantly contributed to Newmont's revenue growth.
- Increased Production: Newmont exceeded its production guidance, delivering over 150,000 tonnes of copper in 20242. This increase in production volume, coupled with higher prices, resulted in higher revenues from copper sales.
In summary, the surge in Newmont's copper project revenues in 2024 can be attributed to strong copper prices and increased production volumes.
4/1/2025 03:31am
