Shanghai Spot Copper: This Month's Invoices Scarce, Price Spread with Next Month at 30-40 Yuan/mt

CoreX Holding completed the acquisition of BHP's Carajás copper mine assets in Brazil for a total consideration of $465 million ($240 million paid at closing, with the remaining $225 million as contingent consideration). The assets include an operating underground mine, a processing plant, and exploration projects, covering a total area of approximately 1,800 square kilometers, and have been consolidated and rebranded as "CoreX Copper Brazil." This transaction was limited to equity and brand changes. Since the closing on April 2, 2026, operations, contracts, permits, and partnerships in Brazil have remained unchanged.