Shuangli Mining Memulai Ekspansi Tambang Besi No. 2, Menargetkan 870.000 Ton Konsentrat Besi per Tahun

U.S. critical mineral refiner Nth Cycle said on July 22 that it would go public through a SPAC merger with Kensington Capital Acquisition Corp. VI, in a deal valuing the company at about US$585 million. Nth Cycle processes rare earths, copper and battery materials from both mined and recycled feedstock through its modular OYSTER system.

SMM Morning Meeting Summary: Overnight, LME copper opened at $13,883.5/mt, rose to $13,888/mt at the start of the session, then drifted lower all the way, dipped to $13,800/mt near the close, and finally settled at $13,806.5/mt, down 0.17%. Trading volume reached 19,200 lots, and open interest stood at 246,000 lots, an increase of 1,752 lots from the previous trading day, reflecting an increase in bear positions. Overnight, the most-traded SHFE copper 2609 contract opened at 106,000 yuan/mt, touched a high of 106,190 yuan/mt at the start of the session, then saw its price center shift lower to touch 105,810 yuan/mt. After wild swings, it finally closed at 105,940 yuan/mt, down 0.16%. Trading volume reached 26,600 lots, and open interest stood at 224,000 lots, a decrease of 3,512 lots from the previous trading day, reflecting a reduction in bull positions.