SANTIAGO, July 18 (Reuters) - Codelco Chairman Maximo Pacheco said on Thursday that the state-run copper giant expects production this year to outdo 2023, with recovery expected in the second half of the year. We have reaffirmed our commitment for 2024 production to surpass 2023, he told reporters at an event. He added that about two dozen companies have so...

11:08 AM EDT, 07/18/2024 (MT Newswires) -- The lithium market will remain in surplus in the foreseeable future unless major producers significantly cut supply, Deutsche Bank said in a Thursday note. The bank expects the growing lithium surplus to last until year-end 2028 before the market could then revert into a deficit in the later years of this decade. According...

Opko Health, Inc. ( OPK ) shares are trading higher Thursday after the company announced a $100 million share repurchase program. The Details: Opko said it expects to fund the repurchase program from existing cash and cash equivalents, and future cash flows. The company had approximately 697 million shares outstanding as of June 30, 2024, and the new authorization represents...

Blackstone Inc ( BX ) shares are trading higher after it reported second-quarter fiscal year 2024 adjusted revenues of $2.796 billion, beating the consensus of $2.619 billion.  Distributable earnings (DE) rose 3% Y/Y to $1.25 billion. Fee-related earnings fell 3% Y/Y to $1.11 billion. Fee-related earnings fell 18% Y/Y in the Real Estate while rising 29% in the Credit & Insurance business and 1% Y/Y in the Private Equity segments. Net accrued performance revenue declined...