Mexican president proposes ban on open-pit mining

Ambassador Cong Peiwu said the Canadian government is “wrong” to prevent Chinese investors from buying majority stakes in domestic mining companies, like it did in 2022.

Coal miner is considering potential deals to acquire copper and manganese assets as part of its diversification strategy.

The news comes as major Chinese smelters scramble to secure raw material supplies after their profit margins were hit by shortages of copper ore.

Total options volume spiked to more than 52,000 contracts, according to exchange data.

KZK was paused last year when the Kaska Nation said the federal and Yukon governments didn’t address their concerns over wildlife.

Northwest Expo holds 40.3 million indicated tonnes grading 0.1% copper and 0.7 g/t gold for 100 million lb. copper and 871,000 oz. of gold.

China's biggest copper smelters have agreed to a symbolic cut in loss-making production, without specifying volumes and timing.

Executives from 19 smelters have agreed to re-arrange maintenance work, reduce runs and delay the startup of new projects.

Copper price on the Shanghai Futures Exchange hit a 22-month high following the news.