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Max Resource Corp V.MAX

Alternate Symbol(s):  MXROF

Metals & Mining Industrial Metals & Minerals
Max Resource Corp. is a Canada-based mineral exploration company advancing the newly discovered district-scale wholly owned Sierra Azul Copper-Silver Project in Colombia and its wholly owned Floralia Hematite Iron Ore Project in Brazil. The Sierra Azul Project is a district-scale copper-silver project spanning 120-km along the 200-km-long Cesar Basin in the mining region of northeastern Colombia. The Project consists of 20 mining concessions spanning over 188 square kilometers (km2). Its exploration is focused on three districts at Sierra-Azul: AM District, Conejo District, and URU District. The Floralia Hematite Iron Ore Project is located 70 km southeast (SE) of Belo Horizonte, Minas Gerais. The Floralia Hematite open cut is of significant size consisting of five benches rising to 48 meter (m) and 160 m in width revealing plunging bands of hematite iron ore at the base, and sub-horizontal banding at the top of the open cut and is open in all directions.


TSXV:MAX - Post by User

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Post by nopooon Sep 23, 2024 1:59pm
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Post# 36236750

Copper price sees strong week

Copper price sees strong weekCopper price sees strong week with boost from Fed, China demand

Copper rose to a two-month high to cap a strong week for metals, helped by the Federal Reserve’s half-point rate cut. Base metals have advanced with other global risk assets after Fed Chair Jerome Powell kicked off the bank’s easing cycle on Wednesday, while US jobless data reinforced expectations of a soft landing for the world’s biggest economy.

In China, too, conditions in metals market are showing signs of improvement. Premiums on imported copper rose to the highest since the start of 2024 this week, and inventories on the Shanghai Futures Exchange dropped.

“Macro conditions are turning positive now,” said Xu Wanqiu, an analyst with Cofco Futures Co.. “People are no longer talking about recessions and the consensus is that the US economy will be fine, inflation will slow.”

https://www.mining.com/web/copper-price-enjoys-strong-week-with-boost-from-fed-china-demand/

$MAX
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