Nornickel executives held talks with potential Chinese partners this month and signed about 10 memorandums of understanding, Bloomberg sources say.

The proceeds will primarily go to the McIlvenna Bay copper and Bigstone copper-zinc projects.

Mines in the US go from discovery to production on an average of 29 years.

The Gediktepe mine marks the beginning of ACG's global copper consolidation strategy.

"We have reaffirmed our commitment for 2024 production to surpass 2023," said Maximo Pacheco.

CRU predicts a shortage of concentrate feed globally in 2025 at 1.1 million metric tons of copper-in-concentrate.

Earlier this month, Freeport obtained an export permit for the rest of the year from the government.

Mining industry legends discuss the backstories on their multibillion-dollar successes.