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European copper producer Atalaya Mining announced on October 12 that its Proyecto Touro copper project in Galicia, Spain, has been designated a Strategic Project by the European Commission under the EU Critical Raw Materials Act (CRMA). The designation follows the project's earlier recognition as a Strategic Industrial Project by the Galician government in 2024. Atalaya stated that the environmental permitting process is approaching completion, while the company continues working toward obtaining the necessary approvals. The EU designation strengthens the project's strategic position within Europe's copper supply chain and may facilitate permitting coordination and policy support. However, it does not constitute final development approval. The project could eventually contribute additional domestic copper concentrate supply to Europe, although no confirmed commissioning date or revised production guidance was disclosed.

Philippine-owned Materials Nova Global Phils. Inc. plans to invest PHP 100 million in a copper processing and materials recovery facility at the Suntrust Ecotown Tanza Special Economic Zone in Cavite. Operations are expected to begin in January 2027, following an agreement formalized with the Philippine Economic Zone Authority (PEZA) on September 21. The facility will process copper-bearing materials into high-purity copper nodules, ingots, metal shot, wires and cables. The company plans to export 70% of its production to China, Japan, India, Singapore and South Korea, with the remaining 30% serving domestic manufacturers. The project could strengthen the Philippines' copper processing and recovery capabilities. However, annual processing capacity, feedstock specifications and expected copper output have not yet been disclosed.

Ringkasan Rapat Pagi SMM: Tembaga LME: Dibuka pada $14.611,5/mt, mencapai puncak $14.700/mt, menyentuh dasar $14.425/mt, dan ditutup pada $14.436/mt, turun 0,82%. Volume perdagangan mencapai 21.000 lot, dengan open interest sebesar 265.000 lot, naik 816 lot dari hari perdagangan sebelumnya, didorong oleh peningkatan posisi bearish. Kontrak tembaga SHFE 2611 yang paling aktif diperdagangkan: Dibuka pada 110.780 yuan/mt, mencapai puncak 110.800 yuan/mt, menyentuh dasar 109.900 yuan/mt, dan ditutup pada 110.110 yuan/mt, turun 0,81%. Volume perdagangan mencapai 41.400 lot, dengan open interest sebesar 195.000 lot, turun 2.076 lot dari hari perdagangan sebelumnya, didorong oleh pengurangan posisi bullish.