Análisis del precio del cobre del primer semestre del 2020
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Fecha
2020
Autores
Profesor/a Guía
Facultad/escuela
Idioma
es
Título de la revista
ISSN de la revista
Título del volumen
Editor
Universidad Andrés Bello
Nombre de Curso
Licencia CC
Licencia CC
Resumen
El presente trabajo de investigación da a conocer al lector cómo ha variado el precio del
cobre debido a eventos producidos en el primer semestre, entre los eventos encontramos
el tratado fase 1 entre Estados Unidos y China además de la pandemia generada por el
COVID-19.
El COVID-19 surgió en Wuhan, China. Al ser un virus altamente contagioso y peligroso
para personas con enfermedades respiratorias y adultos mayores, se tomaron medidas
restrictivas como lo son: cuarentenas obligatorias, distancia social, restricciones de
movilidad, entre otras. A consecuencia de estas medidas varios sectores industriales y
comerciales de China debieron paralizarse, como lo fue en el caso de las fundiciones, lo
que generó acumulación de inventario, disminución en los precios de los metales y
desconfianza del mercado por parte de los inversionistas.
Producto de la baja en los precios de los metales y la desconfianza que existía por parte
de los inversionistas, un sin número de empresas mineras a nivel mundial se vieron
afectadas, obteniendo menores ganancias o incluso perdidas, obligando al despido de
trabajadores o paralización de nuevos proyectos, ejemplo de ello son las empresas Teck,
Antofagasta minerals y Anglo american PLC.
Comparando la baja de precio influenciada por el COVID-19 versus la producida por la
crisis SubPrime, se obtuvo que en la crisis Subprime el cobre presentó una baja de 49.9%
en su precio, mientras en la crisis por COVID-19 ocurrió una baja de 11,6%.
El precio promedio del cobre en el primer semestre del 2020 presentó un baja de 0,3
US/lb, respecto al mismo semestre del año anterior, de igual forma el Cash Cost presentó
una baja de un 0,24 US/lb, mitigando el impacto de la baja súbita del metal rojo.
This research work informs the reader how the price of copper has changed due to events that occurred in the first semester, among the events we find the phase 1 treaty between the United States and China in addition to the pandemic generated by COVID-19. COVID-19 emerged in Wuhan, China. As it is a highly contagious and dangerous virus for people with respiratory diseases and older adults, restrictive measures were taken such as: mandatory quarantines, social distance, mobility restrictions, among others. As a result of these measures, several industrial and commercial sectors in China had to be paralyzed, as was the case in the foundries, which generated an accumulation of inventory, a decrease in metal prices and market distrust on the part of investors. As a result of the drop in metal prices and the distrust that existed on the part of investors, a number of mining companies worldwide were affected, obtaining lower profits or even losses, forcing the dismissal of workers or the stoppage of new projects, examples of which are the companies Teck, Antofagasta minerals and Anglo American PLC. Comparing the price drop influenced by COVID-19 versus that produced by the SubPrime crisis, it was obtained that in the Subprime crisis, copper presented a 49.9% drop in its price, while in the COVID-19 crisis there was a drop of 11.6%. The average price of copper in the first semester of 2020 presented a decrease of 0.3 US/lb, compared to the same semester of the previous year, in the same way the Cash Cost presented a decrease of 0.24 US/lb, mitigating the impact of the sudden downturn of the red metal.
This research work informs the reader how the price of copper has changed due to events that occurred in the first semester, among the events we find the phase 1 treaty between the United States and China in addition to the pandemic generated by COVID-19. COVID-19 emerged in Wuhan, China. As it is a highly contagious and dangerous virus for people with respiratory diseases and older adults, restrictive measures were taken such as: mandatory quarantines, social distance, mobility restrictions, among others. As a result of these measures, several industrial and commercial sectors in China had to be paralyzed, as was the case in the foundries, which generated an accumulation of inventory, a decrease in metal prices and market distrust on the part of investors. As a result of the drop in metal prices and the distrust that existed on the part of investors, a number of mining companies worldwide were affected, obtaining lower profits or even losses, forcing the dismissal of workers or the stoppage of new projects, examples of which are the companies Teck, Antofagasta minerals and Anglo American PLC. Comparing the price drop influenced by COVID-19 versus that produced by the SubPrime crisis, it was obtained that in the Subprime crisis, copper presented a 49.9% drop in its price, while in the COVID-19 crisis there was a drop of 11.6%. The average price of copper in the first semester of 2020 presented a decrease of 0.3 US/lb, compared to the same semester of the previous year, in the same way the Cash Cost presented a decrease of 0.24 US/lb, mitigating the impact of the sudden downturn of the red metal.
Notas
Memoria (Ingeniero Civil en Minas)
Palabras clave
Cobre, Precio, 2020