The LME global warehouse network held 654,345 tonnes of metal at the end of December, less than half the tonnage registered at the close of 2021.

While the final price in the trading ring was set at $9,130 a ton, the LME’s external data feed showed a price of $2,130.

Copper prices paused their rally on Friday but were set to end the week with a 6.6% gain.

The funding will be available for drawdown upon Florence Copper receiving the final underground injection control permit from the EPA.

Country will limit construction of nickel smelters to ensure new plants produce high-value products and follow green principles.

Global markets have yet to price in fully the reopening of China and copper exporters are set to benefit from it.

Company is conducting trials at its Kennecott copper operations in Salt Lake City.