The $1.4 billion deal marks the miner's entry into the world’s largest copper-producing country ahead of a forecast demand boom.

Copper held in warehouses tracked by the Shanghai Futures Exchange surged 28% last week and have more than quadrupled this year.

Glencore Plc’s CSA copper mine in western New South Wales is expected to be worth $718 million.

The DRC is in negotiations with Dan Gertler’s Fleurette Group, which controls mining and oil permits throughout the Central African country.

The C$49.6 million bought-deal private placement is the largest financing in company history.

Exchange stocks have been draining away as pandemic demand recovery collides with disrupted supply chains across the base metals spectrum.

Australian billionaire Andrew Forrest-backed Wyloo Consolidated will vote its 9.8% stake in Western Areas in favor of IGO's bid.

The gold miner posted an underlying profit of $298 million for the six months ended Dec. 31.