Finance
Copper Costs Turn Negative for Southern, Vale as Gold and Silver Byproducts Soar
For copper miners Southern Copper Corp. and Vale SA, surging prices of byproducts like gold and silver are creating an unusual situation: The cost of producing the red metal has turned negative.
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Bloomberg
May 1, 2026·1 min read

Image: Bloomberg
For copper miners Southern Copper Corp. and Vale SA, surging prices of byproducts like gold and silver are creating an unusual situation: The cost of producing the red metal has turned negative.
Original article
Copper Costs Turn Negative for Southern, Vale as Gold and Silver Byproducts Soar
Published by Bloomberg