Silvercorp said it has the technical capabilities to bring Adventus' El Domo project into production on an accelerated basis.

The deal comes just as Chinese copper processors are struggling to turn a profit on supplies from miners like BHP.

CRU, a metals consultant, sees demand increasing about 40% by 2050 even if cleaner technologies aren’t rolled out aggressively.

The metal has reclaimed the $10,000 threshold for the first time in two years.

Antofagasta, which operates copper mines in Chile, last tapped global debt markets in 2022 when it sold $500 million in 10-year bonds.

The company’s reputation is in tatters after a series of missteps sent its value plunging by half. And now industry heavyweight BHP is moving in.

The deal worth about $39 billion would involve Anglo exiting its platinum and iron ore assets in the country.