PengXin Resources Forecasts 2025 Net Profit Turnaround on Higher Output, Prices

【SMM News Flash】Citi Warns of Rising Risks in Commodity Markets - Despite Analysts' View of Weak Fundamentals in Copper Market, Copper Prices Surged Significantly This Week, While Crude Oil and Gold Markets Also Experienced Unusual Movements Due to Escalating Tensions in the Middle East. Tom Mulqueen, Head of Metals Research at Citi, Stated in a Report First Released on Thursday That, Driven by Capital Inflows Following the Rally in Precious Metals and a Weakening US Dollar, Copper Prices Could Climb to $15,000-16,000/mt in the Coming Weeks.

【SMM News Flash】Glencore, one of the world's largest mining and commodity trading groups, is expected to prioritize the development of its copper production operations in the Democratic Republic of the Congo (DRC) in 2026 and adjust its production plans accordingly. As export restrictions continue to weigh on the country's cobalt exports, this move by Glencore underscores how market control and the global energy transition are reshaping mining strategies in Africa. The company stated that it has issued production guidance for the coming year but has not yet provided a cobalt production forecast due to high uncertainty. Although the company continues to mine cobalt in the DRC, exports remain restricted due to a quota system implemented by the Congolese government to manage supply surplus and stabilize prices.