March 12, 2015

New Thomson Reuters service brings new depth to copper mine analytics

GFMS Mine Economics provides new levels of detailed data on two-thirds of global copper production

LONDON – Thomson Reuters, the world’s leading source of information for businesses and professionals, now offers detailed mine-by-mine analysis of the world’s copper production to users of its flagship desktop, Eikon.

Launching this month, GFMS Mine Economics (Copper) gathers up-to-date data from individual copper mining companies on their activity, enabling analysts to base their investment decisions on detailed data. It also includes the new Copper Cost service, which provides comprehensive global copper industry cost data so analysts can add another layer of fundamental research to copper market analysis.

The service, now part of the GFMS Mine Economics Package, combines analytical insight plus in-depth company information on global copper, sourced by the GFMS base metals research team using current operating and cost data, sourced direct from each company. Analysts no longer need to resort to asset-level estimates and assumptions.

“Mine Economics enables our customers to analyze production not only by companies but also by their individual mines,” said Rhona O’Connell, head of metals research and forecasts at GFMS, Thomson Reuters. “Using Eikon, it is possible to analyze the global copper mining industry to see how the underlying copper price might influence global copper mine supply. It all adds another data-rich layer of fundamental research to our customers’ copper market analyses.”

GFMS Mine Economics data currently covers 26 of the largest copper producing companies, controlling 87 copper mines across 23 countries: just over two-thirds of global copper production. Content includes: quarterly production trends; cash costs and total costs by region; an analysis of supply curve quartiles and margins; company rankings based on attributable production; and company pages with mine-by-mine production and cost data.

Eikon users can also access the latest Reuters News stories linked to specific mines and companies.

The new service complements other Thomson Reuters tools for metals analysts, including the Gold Mine Economics Service, a wide range of very detailed supply-demand analyses looking out over one and three years for the copper market and one, three and ten years for the precious sector, with more base metals analysis to follow. Eikon pages also include frequent pieces of market analysis from members of the GFMS team, which is based around the world and which has a comprehensive range of authoritative contacts across the metals and related markets.

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