Panama to Allow First Quantum to Remove Copper Ore from Cobre Panama Mine

Published: Apr 7, 2026 18:08

Save

Panama’s government expects to issue a resolution by Tuesday allowing First Quantum Minerals to remove stockpiled ore from the closed Cobre Panama copper mine, Trade Minister Julio Molto said Monday.The mine holds about 38 million metric tons of stockpiled ore, which could yield roughly 70,000 tons of copper. First Quantum has said processing could begin about three months after formal approval and take around a year to complete.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

Indonesia Sees Copper Prices Rising Through 2032

Indonesia expects copper prices to rise through 2032, driven by persistent supply-demand imbalances and strong demand from energy transition and infrastructure sectors.

Common.Time.minsAgo

Goldman Sachs Warns on Copper Risks, Cuts Price Forecast

Goldman Sachs has trimmed its copper price forecast, warning that prolonged geopolitical tensions and higher energy costs could weaken demand and push prices lower.

Common.Time.minsAgo

Common.Time.hoursAgo

Hayland Copper Approved by U.S. Government, Overnight LME Copper and SHFE Copper Both Closed Lower [SMM Copper Morning Meeting Minutes]

SMM Morning Meeting Summary: Overnight, LME copper opened at $12,398/mt, touching a high of $12,398/mt at the start of the session. Copper prices then fluctuated downward, hitting a low of $12,280/mt, before moving sideways to finally close at $12,328.5/mt, down 0.16%. Trading volume reached 16,000 lots, and open interest stood at 294,000 lots, a decrease of 473 lots from the previous trading day, mainly driven by bulls reducing positions. Overnight, the most-traded SHFE copper 2605 contract opened at 96,040 yuan/mt, touching a high of 96,300 yuan/mt at the start of the session. Copper prices then shifted downward, hitting a low of 95,540 yuan/mt, before moving sideways to finally close at 95,850 yuan/mt, down 0.74%. Trading volume reached 33,000 lots, and open interest stood at 177,000 lots, an increase of 1,074 lots from the previous trading day, mainly driven by bears adding positions.

Common.Time.hoursAgo