KSH International Starts 5,000 t/y Copper Rod Facility to Support Closed-Loop Scrap Recycling

[SMM Analysis] Copper held its ground through China’s holiday, with falling LME stocks cushioning the early sell-off. Softer US data eased fears of further rate hikes but failed to spark a breakout. As China returns to work, the focus shifts to whether demand can absorb the metal accumulated during the shutdown. A sizeable inventory build would leave Shanghai copper lagging London.

Vedanta Copper targets 1 million tonnes/year of copper production across India and Saudi Arabia by the end of the decade, with a proposed Tuticorin smelter restart central to its domestic expansion plans.

EraNova Metals filed an NI 43-101 PEA technical report for its 100%-owned Adanac molybdenum project in Canada. The report confirms the August 6 results without material differences. The proposed 30,000-tpd operation has a 24-year mine life and targets average annual molybdenum output of 11.4 million lb (about 5,171 tonnes), with 270.1 million lb (about 122,515 tonnes) of payable molybdenum over the mine life. Initial capital is estimated at C$953.3 million. EraNova plans to initiate a feasibility study and advance environmental assessment and permitting. The PEA remains preliminary, with no final investment decision or production schedule.