Group 1 - Recent copper prices have reached new highs, with the London Metal Exchange three-month copper price hitting $12,960 per ton on December 29, setting a historical record [2] - Minmetals Resources announced the approval of the second phase expansion project at the Khoemacau mine in Botswana, which will increase annual copper production to 130,000 tons and silver production to over 4 million ounces, with total capital expenditure estimated at $900 million [2][3] - The expansion project will significantly enhance mining and processing capacity, with a new processing plant capable of handling 4.5 million tons annually, raising total processing capacity to over 8 million tons per year [3] Group 2 - The average C1 cost for the Khoemacau mine is expected to decrease to below $1.60 per pound, down from $2.05 per pound in the first half of 2025, indicating improved cost efficiency [3] - The mine has identified further expansion potential, with future copper production capacity expected to increase to 200,000 tons per year, and a pre-feasibility study for a third phase expansion planned to start in 2026 [3][4] - Global copper exploration capital investment has been insufficient in recent years, leading to a limited number of new large copper projects over the past 15 years, highlighting supply constraints [4] Group 3 - Several domestic companies are actively acquiring overseas copper resources, driven by rising prices of various non-ferrous metals [5][6] - Jiangxi Copper announced a formal offer to acquire all issued and to be issued shares of SolGold plc for approximately £867 million, with significant copper and gold resources identified at the Alpala deposit [7] - China Nonferrous Mining has signed a share purchase agreement to acquire an additional 55% stake in SM Minerals for $89 million, which operates in Kazakhstan and has approximately 1.5 million tons of copper resources [8]
伦铜价格刷新历史纪录当天 央企旗下上市公司宣布重磅扩产：拟9亿美元扩建海外铜矿