KGHM CEO Seeks Mine Investments in Europe, Morocco to Secure Supply and Cut Costs

The US auto assembly annual rate fell from 10.4 million units in February to 9.98 million units in March.arch.

[SMM Shanghai Spot Copper] The Shanghai-Guangdong price spread showed signs of further widening during the day, with the price spread already approaching 150 yuan/mt. Although no significant cross-regional arbitrage between the two areas has emerged, the strong premiums in Guangdong are expected to also push up premium levels in Shanghai and other regions.

The Democratic Republic of Congo has raised planned copper sales to the United States to 500,000 tonnes through a state-backed marketing venture, marking a fivefold increase from its initial January commitment. The deal, first reported by Semafor, is led by state miner Gécamines and marketed through a joint venture with Mercuria Energy Group, with backing from the US International Development Finance Corporation. It targets copper output from Gécamines’ minority stakes in major operations, including Kamoto Copper Company and Tenke Fungurume.