CMOC Q1 Copper Production Up 10.15% YoY, Sales Surge 47.11%

According to Mining.com, he leftist political agenda in Peru includes several proposed changes that could significantly reshape the mining regulatory framework, particularly for copper and other base metals. A key proposal is to increase state participation in mining revenues, potentially through higher royalties or new taxes linked to mineral production value. This aligns with past policy ideas that aim to capture a larger share of commodity windfalls during high-price cycles, especially in copper, Peru’s most important export sector.

According to SMM's latest pricing, supported by tight international shipping capacity and rigid demand, the sulfur (CIF Indonesia) price range was $990-1,050/mt this week, up $60/mt WoW. Market sources indicated that only a few sellers were able to offer firm cargo quotations, while the remaining cargoes were still stranded within the Gulf. Currently, some sellers had raised their sulfur offers to the Indonesian market to $1,250-1,300/mt, but no actual transactions were concluded. Although unreleased cargoes within the Gulf were quoted at around $900/mt, negotiations between buyers and sellers were extremely difficult, and market trading was sluggish.