Copper Market News Directory

Mongolia Could Choose Royalties Over Equity for Mining Projects

Reuters reported that Mongolia's government could implement a rule change that would allow it to swap its equity in mining projects for higher royalties. Prime Minister Chimed Saikhanbileg will propose the amendment to mineral resources law on Friday. The change could help the government earn more profit more quickly from mines in the country.

Copper Jumps to Two-week High

Copper on the London Metal Exchange jumped to a two-week high on Wednesday, reaching $5,755 a tonne. Meanwhile, copper on the COMEX in New York reached $2.581 a pound