The production will be supported by high-grade ore from Phase 7 at its Batu Hijau mine.

MAC and the Copper Mark are merging their respective assurance processes for pilot testing by MAC members undergoing TSM verification in 2024, with the Copper Mark secretariat managing the assurance process.

Commodities have done well in the past five easing cycles, a senior analyst said.

The investment will fund further drilling, studies, and test work at the Arthrath project in Scotland.

It's the second application for a concession Nexa has submitted in the last eight days and it targets the mineral-rich Cajamarca region.

A new PEA gave the project a post-tax net present value of $257 million and an internal rate of return of 22.3%.

Among Goldman’s year-end forecasts, copper was seen at $10,000 a ton, aluminum at $2,600 a ton, and gold at $2,300 an ounce.

Futures are up about 50% this month alone and have more than doubled already this year.