SQM issued 10 million UF in hybrid bonds at a 3.84% yield, following Arauco and CMPC in using this instrument to fund large capex plans while protecting their investment-grade credit metrics.
Peru’s Congress approved a one-year extension of Reinfo permits for informal gold and copper miners, a measure backed by President Jose Jeri but opposed by the formal mining industry amid rising territorial conflicts and illegal mining valued at $12 billion.
Adani and Hindalco are exploring investments in Peru’s copper sector via JVs and mine stakes, as India negotiates a free trade deal and races to secure long-term copper supply for its fast-growing economy.
The Trump administration has invested over US$1 billion in equity stakes in critical minerals firms like MP Materials, Vulcan Elements and Lithium Americas to reduce US dependence on China.
EXPONOR 2026 and Colbún will measure, reduce and offset around 8,000 tonnes of CO₂ to deliver a carbon-neutral mining and energy exhibition in Antofagasta, positioning the event as a regional benchmark for sustainable industry.
Goldman Sachs says copper’s record-breaking move above $11,000 a tonne is unlikely to last, expecting prices to trade in a $10,000–$11,000 range in 2026 as global supply remains sufficient.
Aguia Resources plans to begin mining at its Três Estradas phosphate project in Brazil by March and start PAMPAFOS production and sales by mid-2026, as mine works and licensing advance on schedule.
Brazilian miner Serra Verde has shortened its Chinese offtake contracts, opening the door to supply heavy rare earths like dysprosium and terbium to Western customers as new processing plants come online.
French miner Eramet plans to boost manganese output in Gabon and ramp up lithium production in Argentina to lift EBITDA, strengthen cashflow and support its deleveraging plan.
Codelco has selected Glencore as preferred partner to develop a new copper smelter in Chile’s Antofagasta Region, with 1.5 million dmt annual capacity and a long-term supply contract of up to 800,000 dmt of concentrate per year.
Glencore plans to lift copper output to about 1.6 million tonnes a year by 2035, even as current production lags. The restart of the Alumbrera mine in Argentina from 2026–2028 will be key to reaching 1 million tonnes by 2028 and supporting its long-term copper growth strategy.
Chinese copper smelters are in a deadlock with a major Chilean miner over 2026 treatment and refining charges, as tight concentrate supply and record-low TC/RCs push fees toward zero and threaten the industry’s traditional benchmark.
Chilean Cobalt Corp. has closed a US$3 million brokered private placement with Glencore and Madesal to fund exploration at its La Cobaltera and El Cofre cobalt–copper projects in northern Chile and advance ESG and district consolidation efforts.
Patagonia Lithium reports progress on drilling at the Formentera lithium brine project in Argentina, following a 319% upgrade to its LCE resource estimate.
BHP is reported to have offered around £40 billion for Anglo American, with a high premium, but the board rejected the bid amid expectations of greater standalone value.
Latin America ramps up lithium, copper and rare earths value chains as the IDB, EU and Trump-era pressure push for critical minerals production closer to the US.
Vale expects iron ore output of 335–345 Mt in 2026, reaffirms its 2030 target, raises copper and nickel guidance and advances a copper JV project with Glencore in Canada.
Pan American Silver is helping Peru’s small-scale gold miners improve standards, formalize operations and sell gold to central banks, reducing links to illegal supply chains.
BHP seeks to apply lessons from Jansen’s cost overruns to its potash expansion, while advancing major copper growth plans at Escondida, Vicuña and Resolution.
Canada has cleared Anglo American’s proposed takeover of Teck Resources on national security grounds, removing a key hurdle for the US$53bn copper-focused merger, though a separate “net benefit to Canada” review could still block the deal.
Hot Chili has reported one of its best copper-gold intercepts to date at the La Verde discovery in Chile, with 529 m at 0.41% copper and 0.21 g/t gold, strengthening the growth potential of its Costa Fuego hub in Chile’s Atacama region.
Canada’s Supreme Court has allowed investors to pursue a class action against Lundin Mining over late disclosure of a 2017 rockslide at its Candelaria copper mine in Chile, clarifying when public companies must reveal material information.
For years, SolGold has been viewed as a potential takeover target for major Western miners such as BHP (ASX: BHP) and Newmont (NYSE: NEM), which hold stakes of 10.4% and 10.3% respectively.
Supply disruptions, fierce TC/RC talks, record China premiums and a strong US pull for metal have pushed the global copper market to a “historic point” of tightness, industry leaders warned at Asia Copper Week in Shanghai.
Mercuria’s metals head Kostas Bintas warns that strong US arbitrage flows could drain copper inventories in the rest of the world and push prices higher, as premiums for Comex-deliverable metal top $500/t.
Chile’s Codelco is offering US customers record copper premiums above $500/t over LME prices as tight mine supply, tariff uncertainty and robust demand keep the market on edge.
Chile’s Enami has received “very encouraging” financing offers and six offtake proposals for its US$1.7bn Hernán Videla Lira smelter, as it awaits Cochilco approval and advances its Altoandinos lithium JV with Rio Tinto.
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