CMOC to Invest $1.08B in KFM Copper Mine Expansion in DRC, Launch Phase II in 2027

According to the latest report from the Central Meteorological Observatory today, the center of this year’s 9th typhoon “Bavi” (super typhoon level) was located on the sea surface about 1,650 kilometers east-southeast of Keelung City, Taiwan at 5 a.m. today (8th), with maximum wind force near the center reaching level 17 (60 m/s). Zhejiang meteorological authorities assessed that “Bavi” was highly likely to brush past or make landfall along the northern coast of Taiwan Island from the post-midnight hours of the 10th to the daytime of the 11th, and to land along the Zhejiang-Fujian coast from the night of the 11th to the morning of the 12th. Affected by this, downstream copper semis processors in Jiangsu and Zhejiang regions worried that logistics and transportation would be hindered after the typhoon’s landfall this weekend and that weekend cargo pick-up would be impossible, which significantly heated up market sentiment. In early trading, domestic standard-quality copper quoted at a premium of 70 yuan/mt saw deals completed within seconds, and then low-priced supply became difficult to find. Suppliers held prices firm with strong determination, and the actual transaction center moved up to a premium of 100 yuan/mt and above.

Marimaca Copper reported additional step-out drilling results from the Pampa Medina deposit in Chile. Hole SPRD-07 extended the high-grade bornite zone 300 metres south of previous drilling, returning 20 metres at 2.65% copper and 13.9 g/t silver, including 6 metres at 6.11% copper and 24.0 g/t silver.

Trekor Metals has submitted a Detailed Project Description for its 100%-owned Yellowhead open-pit copper project in British Columbia. The submission marks a key milestone in the provincial environmental assessment process, while an economic impact study estimates total Canadian economic output of approximately C$47 billion.