The Yangshan copper premium, or the fee traders pay for imported cargoes over benchmark prices on the LME, extended to its highest level in a year.

Rajo Inca, which is more than 60% built, is set to formally kick off operations next year.

MMG has been hunting for copper assets for more than a year, amid a surge in demand for the metal needed in green energy transition.

First off from a C$300 million pool, applicants can seek up to C$50 million per project, while provincial and territorial governments can apply for as much as C$100 million for each project.

The BC Ministry of Water, Land and Resource Stewardship confirmed there is no basis to cancel the licence under the provisions of the relevant legislation or the terms of the licence.

Investors have been adding to bets that the Fed’s tightening cycle has ended after a series of US data points showed the world’s biggest economy is slowing.

The workers union said the strike would last 48 hours with the union demanding a better distribution of profits for workers.