Tartana Minerals Advances Copper Sulphate Restart with Heap Restack Completion

SMM Morning Meeting Summary: LME copper: opened at $14,668.5/mt, hit a high of $14,691.5/mt, a low of $14,568.5/mt, and closed at $14,632/mt, down 0.1%. Trading volume was 10,000 lots, with open interest at 262,000 lots, an increase of 419 lots from the previous trading day, indicating bearish positioning. The most-traded SHFE copper 2610 contract: closed for the Mid-Autumn Festival holiday.

Peru's Energy and Mines Minister Guillermo Shinno said the country expects to add about 1 million tonnes of annual copper production within five to six years through new mining projects. The world's third-largest copper producer anticipates 2026 output of 2.5 to 2.7 million tonnes, roughly unchanged from 2023 as declining ore grades and recurring social conflicts weigh on supply. The newly elected government is seeking to reverse that stagnation by cutting red tape; in the two months since taking office, mining companies have stepped up engagement with the ministry. Shinno said officials have identified 27 permits that could be eliminated from roughly 100 mining-sector requirements, without lowering environmenta