Canadian Copper Assumes Control of Caribou Complex as Murray Brook EIA Review Advances

[SMM Analysis: Off-Season Demand Combined with High Copper Prices Puts July Copper Wire and Cable Production Under Pressure] In July, the operating rate of the copper wire and cable industry recorded 69.82%, down 2.4 percentage points MoM and down 1.79 percentage points YoY. Among them, the operating rate of large enterprises was 75.13%, that of medium-sized enterprises was 47.75%, and that of small-sized enterprises was 46.93%......

On August 5, 2026, after communicating with major enterprises and filing with the National Development and Reform Commission, the Sulphuric Acid Association and the Phosphate and Compound Fertilizer Association jointly decided: to ensure fair and relatively stable prices, the "latest copper concentrate TCs" in the original guidance price formula was revised to the "average of the past three months' copper concentrate TCs". After careful consideration, the copper concentrate TCs used in the calculation are based on the SMM Copper Concentrate Index. Calculated based on the new formula, the August smelting sulphuric acid guidance price is 1,555 yuan/mt. Historical guidance prices were May (1,406 yuan/mt), June (1,456 yuan/mt), and July (1,574 yuan/mt).

Prysmian will use approximately 10,000 tonnes of fully traceable recycled copper supplied by La Farga for the UK’s 505-kilometre Eastern Green Link 2 subsea cable project. The use of recycled copper is expected to avoid around 56,675 tonnes of CO₂-equivalent emissions compared with primary copper.