According to Bloomberg, Glencore is buying Russian copper on the London Metal Exchange (LME) with the intention of delivering it to China. This indicates a drop in the metal's reserves in the world's largest consumer.
Canada's Ivanhoe Mines has suspended underground operations at its Kamoa-Kakula copper mine in the Democratic Republic of Congo (DRC) following renewed seismic activity.
A decrease of the indicator value may contribute to the fall in quotes of Copper.
On Friday, Polish Finance Minister Andrzej Domanski announced a cut in the country's copper mining tax from 2026. He said the initiative will support national producers by lowering their costs.
Central Asia Metals announced the acquisition of Australian-listed copper producer New World Resources in a deal valued $119 million. Analysts at RBC Capital Markets believe this will increase Central Asia Metals’ long-term copper production profile.
The USD publication is expected
CPI (YoY)
2.3%
-0.1%GMT -12
GMT -11
GMT -10
GMT -09
GMT -08
GMT -07
GMT -06
GMT -05
GMT -04
GMT -03
GMT -02
GMT -01
GMT +00
GMT +01
GMT +02
GMT +03
GMT +04
GMT +05
GMT +06
GMT +07
GMT +08
GMT +09
GMT +10
GMT +11
GMT +12