An intensifying feud between shareholders of the Tenke Fungurume mine may lead a court-appointed administrator to block its exports of copper and cobalt.
Over the coming years, Fitch forecasts high copper prices on the back of a bullish demand outlook as the economics of copper mining projects will become increasingly attractive to investors.
After a brutal second quarter, investors in the world’s 50 biggest mining companies are in full retreat as metal prices slump and uncertainty grips the sector.
The company joins peers Adani Group and JSW Energy in planning major investments in renewables as India strives to triple its clean power capacity to 500 gigawatts by the end of the decade.
Benchmark London copper retreated on Friday and was on track for a fifth straight weekly loss on worries that fresh covid-19 restrictions could slow the pace of infrastructure projects.
