Data: SHFE, DCE market movement (Mar 26)

On March 24, the load trial of the 650mm copper strip double-side milling unit for copper strip at Huazhong Copper Co., Ltd. was successfully completed, with all operating indicators of the equipment meeting the design standards.

Rio Tinto plans to begin operations at its Resolution Copper project in Arizona by the mid-2030s, but may export part of the concentrate due to challenging smelting economics in the US, a senior executive said. The company recently secured the necessary land after a long legal battle with the San Carlos Apache tribe. Resolution is expected to produce over 18 million tonnes of copper over its lifetime. Separately, Rio Tinto’s Diavik diamond mine in Canada has closed after 23 years of operation, with closure activities continuing through 2029.