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Nevada Copper Corp NEVDQ

Metals & Mining Copper
Nevada Copper Corp is a Canada-based mining company. The Company is engaged in the development, operation, and exploration of its copper project (the Project) at its Pumpkin Hollow Property (the Property) in Western Nevada, United States of America. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is undergoing a restart of operations, and a large-scale open pit PFS stage project. The Property is located in northwestern Nevada and consists of approximately 24,300 acres of contiguous mineral rights including approximately 10,800 acres of owned private land and leased patented claims. Pumpkin Hollow is located approximately 8 miles southeast of the small town of Yerington, Nevada in Lyon County, one- and one-half hours drive southeast of Reno. The Company’s wholly owned subsidiary is Nevada Copper, Inc.


GREY:NEVDQ - Post by User

Nevada Copper Corp > Copper market COLLAPSES
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Post by bogfiton Oct 20, 2021 2:51am
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Post# 34025653

Copper market COLLAPSES

Copper market COLLAPSES

 after 'crazy' price changes: London Metal Exchange in emergency
Wed, Oct 20, 2021

"COPPER prices have skyrocketed which has forced the London Metal Exchange to introduce emergency measures amid the threat of collapse.

Such is the dire situation for the market, Bloomberg correspondent Javier Blas claimed matters had become "beserk". 

Emergency measures have been introduced tonight such as new lending rules, "backwardation limits" and deferred delivery. 

Mr Blas said: "The London Metal Exchange has introduced emergency measures to ensure 'orderliness and continued liquidity' in the copper market."

Copper market COLLAPSES after 'crazy' price changes: London Metal Exchange in emergency | City & Business | Finance | Express.co.uk



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