Canada Nickel will own six additional properties located near its flagship Crawford property.

Tony Hayward defended an incentive plan for the commodity giant’s new chief executive officer, after prominent advisory firms urged investors to vote against it.

Scrap typically accounts for about a third of global copper supplies at around 30 million tonnes.

Copper production climbed 9% to 160,000 tonnes in the quarter from 147,000 tonnes in the same period last year.

The Norte Abierto complex was previously approved in 2019 following the submission of an Environmental Impact Statement.

The initial 2021 work program budget is $3.2 million and is expected to be completed in late June.

China's industry ministry said the country will take steps to stabilise raw material prices and strengthen supervision of the market after a spike in prices.