Glencore Buys CMQ Shares

According to a report by Mining Technology, JX Advanced Metals' subsidiary, Pan Pacific Copper, has sold all issued shares of Compañía Minera Quechua (CMQ) to Glencore Peru Holding. This move marks a significant development in the mining industry, particularly in the copper sector. As a major player in the industry, Glencore's acquisition of CMQ is expected to have implications for copper production and supply. Investors and industry professionals will be watching this development closely, as it may impact the global copper market. The sale is a notable transaction in the mining sector, highlighting the ongoing consolidation and strategic partnerships in the industry.