SHFE-BC Copper Contract Price Spread Widens to Inverted -317 Yuan/mt

Sims Ltd has upgraded its FY2026 EBIT guidance to A$420-435 million. The revision reflects stronger performance in recycling operations and improving conditions across metals recovery markets.

Bougainville Copper Ltd. has lost its exploration licence for the Panguna copper-gold project in Papua New Guinea’s Autonomous Region of Bougainville after local authorities revoked the permit. A new 25-year mining licence has been granted to Bougainville Minerals Ltd., a company controlled by the Autonomous Bougainville Government and local landowners. Panguna is one of the world's largest undeveloped copper-gold deposits, containing an estimated 5.3 million tonnes of copper and 19.3 million ounces of gold. The licence transfer could significantly influence the future development pathway of the project while highlighting the growing role of local stakeholders and resource ownership issues in major mining developments.

Hudbay announced the pricing of US$52 million in municipal bonds for its Copper World project in Arizona. The financing marks another step forward for one of the largest new copper developments in the United States and reflects growing efforts to strengthen domestic copper supply.