CMR Green Technologies Surges in Market Debut as Investors Back Recycling Sector

[SMM Shanghai spot copper] Approaching the delivery of the SHFE copper 2606 contract, coinciding with copper prices falling to the range of 103,300-104,000 yuan/mt, downstream purchasing sentiment improved. Against the backdrop of declines in both domestic and imported supplies, the Shanghai region continued destocking, and Shanghai spot copper premiums further rose intraday compared to yesterday. Currently, mainstream deliverable sources are hard to find at discount quotes.

The British Columbia Supreme Court has ordered provincial authorities to revisit the consultation process for Seabridge Gold’s KSM project, ruling that the government failed to adequately consult the Tsetsaut Skii km Lax Ha Nation before determining the project had been substantially started. With an estimated capital cost of C$8.8 billion, KSM is one of the world’s largest undeveloped gold-copper projects and hosts approximately 7.3 billion pounds of copper reserves. The ruling could introduce additional uncertainty to the project’s permitting and development timeline, highlighting ongoing challenges related to Indigenous consultation and environmental approvals in Canada’s mining sector.