Main sea freight index at Baltic Exchange bounces back from recent lows

Poland's copper and silver producer KGHM adopted a new strategy on Friday, committing to invest more than 32 billion zloty ($8.55 billion) by 2030 while setting new production and profit targets.The plan, called "Strategy 2055+", targets payable copper production of 730,000 mt and silver production of 1,290 mt from 2026 to 2030.The company's chief executive officer, Remigiusz Paszkiewicz, said, "After 2035, we hope KGHM becomes a modern, multi-raw-material industrial group."He added that the company plans to build a new mine called "KGHM2.0" in Poland.

An internal company document shows that Chilean copper miner Antofagasta plans to submit an environmental application in Q4 this year to expand exploration activities at its Encierro and Volcanes projects.The move marks an important step forward for two of Antofagasta’s long-term copper growth options. Currently, major global miners are racing to replenish their copper project pipelines, while in Chile, the top copper-producing country, they face challenges including permitting processes, water restrictions, and aging deposits.

Análise SMM: Preços do cobre se recuperam no final da semana, melhora marginal na oferta de sucata de cobre] Na primeira semana de julho (30 de junho a 3 de julho), o mercado de sucata de cobre operou sob três fatores sobrepostos: a segunda semana após a implementação da regulamentação de faturamento reverso, o início da baixa temporada de altas temperaturas e os preços do cobre mantendo a marca de 100.000 yuans. A fraqueza geral de oferta e demanda iniciada em junho persistiu. O contrato de cobre mais negociado na SHFE oscilou lateralmente na faixa de 102.020–103.070 yuans por tonelada, sem nunca romper o nível psicológico de 100.000 yuans por tonelada, enquanto o sentimento de espera entre os usuários finais permaneceu inalterado...