BASE METALS
Canadian copper miner First Quantum Minerals has shelved plans to sell a stake in its Zambian copper mines, COO Tristan Pascall said on Wednesday.
China’s Jiangxi Copper Co had been speculated as a potential suitor for minority interests in First Quantum’s Kansanshi and Sentinel mines.
Benchmark copper has pulled back after reaching a peak of $10 747.50/t in May, hit by concerns about a resurgence of the pandemic, the potential for central banks to taper stimulus and China's sale of strategic reserves due to concerns about rising raw material prices.
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