Get real: Copper price record was 56 years ago

The sanctions now leave the Shanghai Futures Exchange as the only major commodities bourse in the world to accept Russian shipments.

Proceeds from the offering, as OceanaGold had disclosed, will be applied towards debt repayment.

Codelco is aiming to produce between 1.325 million and 1.390 million metric tons of copper this year.

Codelco, Chile's top copper producer, has entered the lithium business mandated by the country's national lithium strategy, unveiled in 2023.

The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13.

A UK official said London expected any market disruption to stabilize quickly.

An index of deals compiled by CRU shows the discount for copper ore – known as treatment and refining charges – has fallen to a record low in data going back to 1989.

Deal clears up doubts about the project’s future, but it does not unveil any specifics related to the terms and conditions.

The tension between demand and supply, coming as capital costs at mines rise while copper prices are slower to catch up, leads to significant price projections and concerns over the metal's availability.