Category: Copper
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US-India JV plans to revive Congo-based Chemaf copper assets, targets 2027 restart
JV revival of Chemaf may ease global copper supply tightness India secures critical mineral access through Lloyds Metals’ Congo entry A US-based investment firm, Virtus Minerals, along with India’s Lloyds Metals & Energy, has acquired Congo-based Chemaf, a mid-sized copper-cobalt producer, in a leveraged deal involving a $30 million upfront payment and the assumption of…