Chinalco Acquires Peru's Los Calatos Copper-Molybdenum Project in Deal Worth Over US$200 Million

Published: Jul 7, 2026 09:29

Save

According to foreign media reports, China's state-owned Chinalco has completed the acquisition of Minera Hampton in a transaction valued at more than US$200 million. Minera Hampton owns the Los Calatos copper-molybdenum project in Peru's Moquegua region, one of the country's most advanced greenfield copper projects and among those closest to entering the construction stage. The transaction has received Phase I merger clearance from Peru's competition authority (INDECOPI).

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 for 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

1 hour ago

Nan Ya Raises Copper Clad Laminates Prices by 20% Amid Rising Raw Material Costs and AI Demand

On August 14, Nan Ya issued another price increase notice. Driven by rising raw material costs for copper foil, fiberglass cloth, and resin, as well as tight supply and demand in electronic materials fueled by AI computing demand, prices of copper clad laminates and base materials will be raised by 20% effective September 1. Nan Ya stated that the electronic materials industry is currently in a golden cycle, with capital expansion by US cloud vendors and AI server demand driving demand for mid-to-high-end materials, while limited new capacity has created a supply-demand gap. The news pushed Nan Ya's stock to the daily limit intraday.

1 hour ago

High Copper Prices Lead to Reduced Cable and Wire Inventories, Operating Rates Expected to Fall Further

In terms of cable and wire inventories this week, constrained by high copper prices, cable and wire enterprises generally adopted a rigid-demand purchasing strategy, locking in prices for small restocking only during minor copper price pullbacks. As a result, raw material inventories edged down 0.49% month-on-month. To ease inventory pressure, downstream enterprises prioritized drawing down finished goods inventories, which fell 2.33% month-on-month. Looking ahead to next week, the weak demand pattern across all segments is unlikely to reverse, and the industry lacks short-term recovery momentum. Under the dual pressure of high copper prices and off-season demand, SMM expects the copper cable and wire operating rate to fall a further 1.18 percentage points month-on-month to 61.08% next week (August 14–August 20), representing a year-on-year decline of 7.8 percentage points.

1 hour ago

Copper Cable and Wire Operating Rate Falls to 62.25% Amid High Prices and Weak Demand

This week (August 7–August 13), SMM's copper cable and wire enterprise operating rate came in at 62.25%, down 1.4 percentage points month-on-month and 7.05 percentage points year-on-year. Copper prices remained elevated throughout the week, continuing to suppress downstream purchasing enthusiasm. Combined with overall weak terminal orders and no substantive improvement on the demand side, the industry's production load continued to decline.

1 hour ago