Mongolia reaches deal for $1.6 billion uranium mine with France’s Orano
The project, with an initial investment of $500 million, will start its preparatory phase from 2024 to 2027.
Reuters reported that copper surged almost 2% bolstered by a weaker dollar, the better political situation in Italy and a pickup in Chinese bank lending. Benchmark copper on the London Metal Exchange (LME) closed at $7,639 a tonne, about 2 percent up from a last bid at $7,475 on Thursday and the first move up this week.
