The current contract between the parties expires in 2024.

The law was passed in November 2023 in response to the protests against First Quantum Minerals' new contract.

Silvercorp said it has the technical capabilities to bring Adventus' El Domo project into production on an accelerated basis.

The deal comes just as Chinese copper processors are struggling to turn a profit on supplies from miners like BHP.

CRU, a metals consultant, sees demand increasing about 40% by 2050 even if cleaner technologies aren’t rolled out aggressively.

The metal has reclaimed the $10,000 threshold for the first time in two years.

It's especially interested in nickel, cobalt, zinc and other metals, provided the government guarantees a stable business environment.