Mariana Minerals Secures $310 Million to Advance Copper Mine Restart
Mariana Minerals completed a $310 million Series B round, reaching a $1.5 billion valuation.
Mariana Minerals completed a $310 million Series B round, reaching a $1.5 billion valuation.
US copper imports surged to a record high, with the market awaiting Trump's tariff decision.
JCHX discloses that the Lonshi copper mine east zone will use underground mining, with designed annual capacity of 2.5 million to 3.5 million tonnes.
London Metal Exchange (LME) data shows copper inventories fell by 5,825 tonnes.
Kazakhstan has approved a $1.58 billion copper smelter project, with construction scheduled to begin in 2027.
A severe storm in Chile has halted copper mine production, adding fresh pressure on global copper supply.
Copper demand expected to rise 70% by 2050; IEA warns of 25% supply gap by 2035.
Copper supply expectations continue to be revised downward, while tin and molybdenum prices are poised to challenge new highs.
Overseas copper mining majors reported mixed first-quarter production, with Freeport-McMoRan and Glencore seeing notable declines.
El Niño may impact half of the world's copper mines, prompting miners to brace for hydropower shortages.
Western Mining expects the Yulong Phase III project to start production at end-2026, with the Chating copper mine planned to be completed and commissioned in 2030.
Hercules Metals has brought in the executive team that was instrumental in Hudbay's US$2 billion acquisition.
A brokerage initiated coverage on Zangge Mining, noting Julong Copper Phase II has started production and the Mamisu lithium mine is expected to be commissioned in Q3 2026.
Global copper mine supply is under pressure, with several major producers experiencing declining output and ongoing shutdowns.
Resolution Copper completed repairs to the deepest single-lift shaft in the U.S. and signed a maintenance contract through 2030.
Vale raised its 2026 copper output guidance floor by 10,000 mt to 360,000 mt, and its nickel floor to 185,000 mt.
Zambia's copper output in H1 2026 was 447,181 mt, up slightly year on year.
IEA warns copper and lithium supply gaps to persist through 2035.