Copper Inventories in Domestic Bonded Zones Dip 2,600 mt from November 4

Glencore expects to submit the environmental impact assessment for its El Pachón copper-molybdenum project in San Juan, Argentina, in 2027, advancing permitting under the country's RIGI investment regime. El Pachón is a district-scale porphyry with roughly 6 billion tonnes of resources at 0.43% Cu, at the feasibility stage, designed for about 280,000 t/y of copper over a 30-year life with Phase 1 capex of US$8.5–10.5 billion (US$9.5 billion midpoint for the RIGI filing). Glencore pairs it with Agua Rica–MARA in Catamarca to build roughly 1 Mt/y of Argentine copper within 10–15 years, initially about 500,000 t/y. The EIA filing is a pivotal licensing step shaping South America's medium-term concentrate supply.

BHP Metals Exploration and Canada's Kobrea Exploration have formed an exploration alliance across Kobrea's seven Western Malargüe copper projects in Mendoza province, Argentina. BHP will pay a one-time US$3 million advance and fund at least US$5 million over an initial two-year project-generation phase. For each selected project, BHP may earn a 75% interest by sole-funding at least US$40 million of exploration over eight years, with up to four projects advancing to joint ventures (BHP 75%, Kobrea 25%). The land package spans 73,334 hectares over prospective copper-gold-molybdenum porphyry terrain. Kobrea's earlier El Perdido campaign completed six holes totalling 2,358 m confirming porphyry mineralisation, and a US$4 million BHP-funded 2026/2027 program with diamond drilling at El Destino has been approved.

Errington Metals has released a maiden mineral resource estimate for its Sudbury Basin Project in Ontario, totalling 14.2 million tonnes of measured and indicated copper, zinc, lead, gold and silver across the Errington, Vermillion and Balfour deposits. The 5,600-hectare property lies about 25 km northwest of Greater Sudbury and was held by Glencore Canada and predecessors until it went dormant in 2014; Errington acquired it in 2025 and launched exploration. The company is now executing a fully funded drilling program of up to 55,000 m through 2027 to expand the resource base and advance metallurgical studies. All three deposits remain open along strike and at depth, positioning the project as a potential new Canadian supplier of copper, zinc and by-product metals.