Japan's JX says its Pan Pacific Copper unit sells stake in Peruvian mine to Glencore

Core Insights - Japan's JX Advanced Metals announced that its Pan Pacific Copper (PPC) unit has sold its entire stake in an undeveloped copper project in Peru to Glencore for an undisclosed amount [1] Company Summary - JX Advanced Metals' PPC unit has divested its entire interest in a copper project located in Peru [1] - The financial details of the transaction, including the sale price, have not been disclosed [1] Industry Summary - The sale reflects ongoing consolidation trends in the mining sector, particularly in copper, as companies seek to optimize their portfolios [1] - Glencore's acquisition of the undeveloped copper project may indicate its strategy to expand its resource base in response to increasing global demand for copper [1]