Manara Minerals’ team in Pakistan for talks on Reko Diq stake

The copper market has awoken from its year-long slumber.

The company is seeking to vacate the EPA veto of its mine development at Pebble.

Prices for two of the world’s most important mined commodities are diverging quickly.

Under the revised deal, both parties have agreed that China will invest up to $7 billion in infrastructure projects in Congo.

"We don't want to be overly reliant on any one country or any one company for global supply chains," says US Deputy Treasury Secretary Wally Adeyemo.

Ambassador Cong Peiwu said the Canadian government is “wrong” to prevent Chinese investors from buying majority stakes in domestic mining companies, like it did in 2022.

Coal miner is considering potential deals to acquire copper and manganese assets as part of its diversification strategy.

The news comes as major Chinese smelters scramble to secure raw material supplies after their profit margins were hit by shortages of copper ore.

Total options volume spiked to more than 52,000 contracts, according to exchange data.