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Ivanhoe Maintains 2026 Copper Guidance as Kamoa-Kakula Output Set to Rebound in H2

Published: Jul 9, 2026 09:49
Ivanhoe Mines said copper production at its flagship Kamoa-Kakula complex in the Democratic Republic of Congo is expected to increase significantly in the second half of 2026, while maintaining its full-year production guidance of 290,000-330,000 tonnes. The operation produced 64,328 tonnes of copper in the second quarter, bringing first-half output to 135,745 tonnes. The company expects mining rates at the Kakula mine to increase by about 30% in H2, supported by the planned drawdown of up to 10,000 tonnes of inventory. Ivanhoe also noted that sulphuric acid prices remain exceptionally strong, with July sales contracts reaching approximately US$840 per tonne, a record high.

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