Approaching the Chinese New Year, spot copper cathode transactions in Henan tightened.

Officials from Sichuan Liwu Copper Industry Co., Ltd. visited Sichuan Gold Group for discussions and signed a strategic cooperation agreement. According to the agreement, the two sides will engage in in-depth cooperation in key areas such as mineral resource acquisition, exploration and development, mining technical services, scientific and technological innovation, and talent exchange. By integrating their respective advantages in capital, technology, management, and resources, they aim to achieve a powerful synergy between "gold" and "copper," jointly enhance the comprehensive development efficiency of regional mineral resources, and work together to set a new benchmark for win-win cooperation among state-owned mining enterprises in Sichuan.

Canadian exploration company Midnight Sun Mining has just announced the initial resource estimate for the central region of the Zambia-Congo Copper Belt: the Kajiba deposit, located in the dome area of the Solwezi project, is a small part of this shallow copper system. The deposit has proven reserves of 2.33 million tons with a copper grade of 1.41%, containing 72.4 million pounds of copper.

On the afternoon of February 6th Beijing time, the groundbreaking ceremony for the Komakao Copper Mine expansion project in Botswana was grandly held in Maun, Botswana. This project is the first major investment initiative launched by China Minmetals in the "15th Five-Year Plan" period, as well as the first significant resource expansion project. SMM anticipates that the first production of concentrate will occur in 2028. The copper output target for 2029 has been revised from the previous 40,000 metal tons to 100,000 metal tons, while the target for 2030 has been adjusted from 40,000 metal tons to 130,000 metal tons.