Spectacular copper price rally only gaining momentum
A double digit runup in copper just in April lifts the orange metal to within sight of $10,000/tonne as warnings prices are running ahead of fundamentals emerge.
A feasibility study produced for the project was filed in March 2023 outlining a construction period of three years at a cost of $1.16 billion to develop a mine with a 10-year life.
The accident took place on Jan 26, 2023 at the Diavik mine, which is located about 200 km (125 miles) south of the Arctic Circle in the Northwest Territories.