President Emmanuel Macron has said Japan and France will work together to boost French energy sovereignty through the supply of critical metals from Mongolia.
The mining corridor is used by MMG’s Las Bambas, Glencore’s Antapaccay and Hudbay Minerals’ Constancia to transport semi-processed copper to a seaport.
Either inventory rebuilds over the seasonal summer soft spot for northern hemisphere demand, or the market is going to have to rethink just how much copper is really out there, writes Andy Homes.