Hot News in this Week
Jul 4, 2025
Marimaca Copper's shares soared to a new 15-year high after releasing drill results from its Pampa Medina project in Chile, including intercepts of up to 6 meters grading 12% copper and 26 meters at 4.1% copper. Analyst Dalton Baretto called the results a "game changer," citing the potential for a larger scale copper system and synergies with the company's main Marimaca Oxide Deposit. The company is working on a feasibility study for its main project, expected to be released by the fourth quarter, and has received C$24.4 million in financing to fund the study.
Source: www.mining.com
Copper prices surged to a three-month high on Tuesday, driven by supply constraints and improving investor sentiment due to signs of easing U.S.-China trade tensions, with prices reaching $9,960 per tonne on the LME and $5.1925 per pound on the Comex market, and Goldman Sachs forecasting a potential reach of $10,050 per tonne in August.
Source: www.miningfeeds.com
The Democratic Republic of Congo, the world's largest cobalt producer, has extended its export ban on the metal for another three months in a bid to gain greater economic leverage over the global supply chain, but the move has had limited market impact due to ongoing challenges with oversupply and shifting demand dynamics.
Source: www.miningfeeds.com
The rest of this article is reserved for signed-in users.
Sign in or create your free account to read the full article.
Disclaimer: This content is generated by AI and may contain errors. We encourage you to verify any information presented.