Company said copper output, which dipped to 306,000 tonnes in 2020 from 311,000 tonnes in 2019, was expected to slip further in 2021 to between 275,000 and 295,000 tonnes.

A transfer of lucrative cobalt and copper assets by the Democratic Republic of Congo’s state mining company enabled a little-known investor to make $40 million within weeks.

Current prices would seem “far too low” if governments fulfill pledges for green infrastructure and electric-vehicle incentives, Concord Resources said.

The brokerage’s large bullish bets have startled some traders as prices for copper, widely used in power and construction, hit 9-1/2-year highs.

With a dearth of shovel-ready development projects in the pipeline, 2021 could see a lot of merger-and-acquisition activity in BC.

NorthMet project would be Minnesota’s first copper-nickel mine.

Capstone’s production for the year comes in at 156.9 million lb copper, surpassing its 2020 guidance.

The company has agreed to buy a share of cobalt production from Vale’s Voisey’s Bay mine in Canada, giving the mining royalty and streaming company exposure to the key battery metal for the first time.