Copper traders turn most bullish in six weeks on China’s demand

The Japanese company is considering buying a roughly 20% interest in First Quantum’s Sentinel and Kansanshi mines, according to people familiar with the matter.

Glencore’s Lomas Bayas mine agreed to begin on-site testing at scale of a leaching process developed by Ceibo.

Underpinning prices is some mills kicking off buying seaborne cargoes to meet their production needs over the week-long Chinese New Year holiday break in January.

China’s cancellation of tax relief on exports has left the aluminum industry scrambling to assess the impact on supply flows.