The company left its 2024 copper output guidance at 730,000-790,000 tons.

Proceeds will go towards the Mantoverde optimized project and Santo Domingo detailed engineering.

Activists allege that the LME allowed sales on its platform of copper produced at the Grasberg mine, which they claim is polluting local rivers.

The state-owned mineral-resources holding company plans to use the proceeds partly to repay existing debt.

The United States will provide more funds for the construction of the Lobito Corridor.

Its flagship copper-gold project has been put on hold since November 2020 after a civil war broke out in the Tigray Region.

Powered by Tesla’s own made-in-Texas batteries, the stainless steel Cybertruck carries a heavy load of nickel, cobalt, manganese, graphite and lithium.

CMOC last year became the world's No. 1 cobalt mining company with production of some 55,000 tons.