Belgian court postpones decision to dissolve Nyrstar

“This is the first fundraising we have done where mining is seen as part of the solution than being the problem itself,” says founder.

Russia was previously a major supplier of copper to the European Union.

The world’s metal traders are enduring one of their toughest periods in years.

In a country blessed with natural resources, the vast bulk of IPOs this year came from expansion-minded metals companies.

Production is forecast to exceed usage by 467,000 metric tons in 2024, a significant upward revision from the expected 297,000 metric ton surplus from April.

China restricted exports of the metal in August amid an escalation of trade war on technology with the US and Europe.

Alejandro Rivera has been closely involved with Codelco's lithium strategy for years.

PPC plans to consign production of 291,900 metric tons of refined copper to its parent firms' smelters.

Chairman Pacheco also said the company would maintain capital spending next year at $4 billion, roughly in line with 2023.