Group 1 - The copper price has more than doubled over the last 10 years, indicating a significant long-term upward trend in the market [1] - Year to date, copper prices are up 25%, driven by tariff disruptions that have facilitated the movement of physical copper from global inventories to US consumers ahead of the tariff pause deadline [1]

VANCOUVER, British Columbia, July 03, 2025 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the “Company”) is pleased to announce that the Tucumã Operation, located in Pará State, Brazil, achieved commercial production, effective July 1, 2025. During the month of June, following the completion of commissioning of the third filter press as well as modifications to the process plant, the operation achieved sustained throughput levels exceeding 75% of design capacity. "The achievement of co ...

Core Insights - Marimaca Copper Corp. announced significant high-grade copper intersections at the Pampa Medina deposit, extending its mineralization in all directions [1][2][3] - The drilling results indicate a unique sediment-hosted copper system in Chile, comparable to notable global deposits [2][3] - The company plans to host an investor presentation to discuss these findings and their implications for future production [2][8] Drilling Results - Drilling confirmed the presence of ultra high-grade (>5% CuT) zones over 15 meters thick, located more than 600 meters apart [2] - High-grade (>1.0% CuT) mineralization was defined across a 600m x 1,000m area, with potential extensions to 1.4km x 1.2km [2][3] - Notable intersections include: - Hole SMRD-13: 6m of 12.0% Cu from 594m downhole within 26m of 4.1% Cu from 580m [2] - Hole SMD-02: 40m of 2.1% Cu from 282m downhole within 132m of 1.0% Cu from 278m [2] - Hole SMD-01: 68m of 1.2% Cu including 20m of 2.3% Cu from 298m downhole [2] Geological Context - Pampa Medina is characterized as a manto-style copper deposit hosted in Jurassic-Triassic sedimentary units, with mineralization extending laterally down-dip [10][11] - The sedimentary units are extensive and mineralized over many square kilometers, indicating significant potential for high-grade sulphide mineralization [3][4] - The geological model has been updated to focus on lower sedimentary units as productive horizons for future drilling [11] Infrastructure and Development Potential - The location of Pampa Medina offers significant infrastructure advantages, being close to existing mines and associated facilities [2] - The low altitude and flat terrain provide ample space for future facilities and infrastructure development [2] - The company anticipates that the Pampa Medina and Madrugador oxide deposits will enhance its copper cathode production profile and extend mine life [5][6] Future Plans - The company is completing a 10,000m drilling program across 14 diamond holes to further define the limits of the prospective sedimentary units [5] - The Definitive Feasibility Study (DFS) for the Marimaca Oxide Deposit (MOD) is nearing completion and will be released soon [6][8] - The previously announced Preliminary Economic Assessment (PEA) for Pampa Medina will be paused to reassess the implications of the new drilling results [8]

Core Insights - Highland Copper Company is making significant progress on its 100%-owned Copperwood Project, moving towards a near-term construction decision [1] Funding and Support - The Copperwood project is under consideration for a $50 million grant from the Michigan Economic Development Corporation, pending final approval from the Senate Appropriations Committee [2] - Wakefield Township has requested a separate $50 million infrastructure grant from the Michigan legislature, demonstrating strong local support for the project [3] - The proposed grant aims to enhance economic development in Gogebic County by upgrading local infrastructure, which will also support the Copperwood project [4] - Local leaders, including Wakefield Township Supervisor Mandy Lake and Congressman Jack Bergman, emphasize the project's importance for domestic copper production and job creation [5] Engineering and Development - Highland has awarded Front-End Engineering and Design contracts to DRA Global for mine and process plant engineering, and to Foth and Tetra Tech for water management and tailings disposal facility engineering, respectively [6] - The company plans to transition into Phase 2 of its engineering program in Q3 2025, targeting 35% completion for mine and process plant engineering and 85% for the tailings disposal facility by Q1 2026 [7] - Successful completion of metallurgical drill programs has been reported, with 400 kilograms of core samples sent for analysis, achieving results comparable to previous tests [8] Environmental Mitigation - The 2025 construction season focuses on fulfilling obligations related to environmental mitigation, including the planting of nearly 20,000 trees [10] - An off-site stream mitigation project is underway to replace undersized culverts with a 50-foot-span bridge, enhancing fish habitat and meeting mitigation obligations [11] Strategic Outlook - The company is focused on key work programs to enable a construction decision for Copperwood in 2026, including site preparation, engineering progress, and funding opportunities [12]

Core Insights - Oroco Resource Corp. has engaged Whittle Consulting Ltd. to conduct a Strategic Option Study for its Santo Tomás porphyry copper project in northwestern Mexico [1][2] Strategic Option Study Overview - The study aims to evaluate innovative operating strategies and technologies to enhance the project's value, utilizing Whittle's "Integrated Strategic Planning" methodology [2] - Key focus areas include refining pit size, stripping ratios, and cut-off grades to provide guidance for the upcoming Pre-Feasibility Study (PFS) [3] Data and Expertise - The study will utilize the existing Mineral Resource Estimate from Oroco's Q3 2024 Preliminary Economic Assessment (PEA) without requiring additional data collection [4] - Whittle's expertise includes over 120 Enterprise Optimization studies, leveraging its proprietary "Prober-F" software for project economics improvement [4][5] Payment Structure - Whittle will receive 60% of its consulting fee in Oroco common shares, to be issued during the company's next equity financing expected in 2025, subject to TSX Venture Exchange approval [6] About Oroco - Oroco holds an 85.5% interest in the Core Concessions of the Santo Tomás Project, covering 1,173 hectares, and an 80% interest in an additional 7,861 hectares, totaling 9,034 hectares [7] - The project is located within 170 km of the Pacific deep-water port at Topolobampo, with access via highway and rail [9][10]

Core Insights - Gladiator Metals Corp has completed a gravity survey at the Little Chief Trend, identifying multiple undrilled gravity anomalies that may indicate large-scale copper-gold skarn mineralization [1][4][5] Exploration and Survey Results - The gravity survey revealed high-density anomalies potentially related to untested copper-gold skarn mineralization, including a prominent 2km long anomaly at the Valerie prospect and a 900m long anomaly at the LC Footwall [2][7][10] - Additional anomalies were detected in unexplored areas near the historic Little Chief copper mine, which previously produced over 8.5 million tons at 1.5% Cu and 0.75 g/t Au [11][12] Drilling Plans - The company plans to mobilize two diamond drill rigs in the coming weeks to test the identified anomalies as part of its fully funded 2025 exploration program [3][5][15] - The ongoing drilling at Cowley Park is part of a larger 29,000m drill program targeting high-grade copper skarns throughout the Whitehorse Copper Belt [18][30] Project Background - The Whitehorse Copper Project is an advanced-stage exploration project located in the Yukon Territory, covering a 35km long area with a history of copper mining dating back to 1897 [20][22] - Historical production from the Little Chief deposit totaled 267.5 million pounds of copper, 225,000 ounces of gold, and 2.838 million ounces of silver from 11.1 million tons of mineralized material [21][30]

正信期货铜月报202506 投资咨询号:Z0016959 Email：zhangjf@zxqh.net Tel：027-68851554 研究员：王艳红 投资咨询号：Z0010675 Email：wangyh@zxqh.net Tel：027-68851554 研究员：张杰夫 内容要点 宏观层面：6月铜价继续横盘整理，价格缺少方向，博弈也并不激烈，波动率继续回落。需求季节性转 淡尚未完全体现，但关税问题的再发酵，对于悬而未决的铜市场来说通过贸易套利和库存转移再度支撑 起了铜价，尤其是月底LME铜现货升贴水走势异常，出现了自2021年逼仓式的高升水，宏观层面并未有 新驱动产生，美国"硬数据"尚可，但美联储按兵不动，唯一变化在于特朗普提前物色下一任美联储主 席，引发市场对降息的乐观预期。关注7月的美国就业数据变化和关税谈判进展是宏观预期驱动可能出 现变化的地方。 产业基本面：年中长单谈判以0美元落地，冶炼厂长单盈利能力大幅受挫，当前国内产量维持高位， 硫酸与副产品利润勉强弥补亏损，但利润结构极不健康。需求一端来看，国内淡季逐渐加深，现货升水 高位回落，但受内外价差影响，国内出口量增多导致累库预期不强，基本面能给到 ...

Chuquicamata in northern Chile is the largest open-pit copper mine in the world. Take a look inside the world of the workers on a relentless search for this critical mineral https://t.co/naiwrB6wQY ...

Chuquicamata in northern Chile is the largest open-pit copper mine in the world. Take a look inside the world of the workers on a relentless search for this critical mineral https://t.co/X2KsdbTMiy ...

Group 1 - Zijin Copper Industry Co., Ltd. is the leading enterprise in the 100 billion yuan copper industry in Shanghang County, located in the Jiaoyang New Materials Industrial Park [1] - Zijin Copper has been enhancing its leading role by strengthening upstream and downstream linkages and exploring a circular economy model that transforms waste into resources [3] - The Industrial and Commercial Bank of China (ICBC) Longyan Branch has conducted comprehensive research on the financial service needs of the copper smelting industry chain in Shanghang, tailoring a comprehensive financial service plan for local enterprises [3] Group 2 - ICBC Longyan Branch offers various financial products such as gold leasing, import letters of credit, bank acceptance bills, domestic factoring, and working capital loans to meet the financing needs of enterprises [3] - The bank's precise financial support has effectively addressed the "difficult and expensive financing" issues faced by industry chain enterprises, significantly improving financing efficiency [4] - The comprehensive financial services provided by ICBC have promoted close cooperation among upstream and downstream enterprises, facilitating the overall optimization and upgrading of the industry chain [4]