Copper reached a two-month high, supported by the Federal Reserve's half-point rate cut and marking a strong week for metals. Global risk assets, including base metals, advanced after Fed Chair Jerome Powell signaled an easing cycle, with US jobless data reinforcing hopes of a soft economic landing. Plus, copper market conditions in China improved with rising import premiums and falling inventories on the Shanghai Futures Exchange. Despite the recent decline in metals due to Chinese demand concerns, sentiment has improved. (Source: https://www.mining.com/web/copper-price-enjoys-strong-week-with-boost-from-fed-china-demand/)
Following major SP action over the past week, Libero Copper (LBC.v LBMF) has mobilized for exploration at the Mocoa Porphyry Copper-Molybdenum Deposit with upcoming drilling to follow up on a recent hole that intersected 1,228.5m averaging 0.58% CuEq including 840.3m of 0.72% CuEq: https://x.com/StckMasterFlash/status/1836145477160702325
Notably, the deposit contains 4.6 billion pounds of copper, with an inferred resource of 636 million tonnes at 0.45% copper equivalent (CuEq), including 2.1 million tonnes of copper and 232,000 tonnes of molybdenum.
Posted on Behalf of Libero Copper and Gold Corp.