Record copper price valuation
Sandfire Resources have completed their largest shipment of copper concentrate from DeGrussa operating in Western Australia. The shipment was valued at US$64.5 million while their previous record stood at US$52 million. Sandfire Resources’ CEO explained that this shipment is an indication of strong demand for high-quality copper concentrates across the globe with copper prices increasing due to limited supply combined with the rising demand from the green energy sector.
Source: https://www.australianmining.com.au/news/sandfire-ships-new-copper-record/
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