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Max Resource Corp V.MAX

Alternate Symbol(s):  MXROF

Max Resource Corp. is a Canada-based mineral exploration company exploring the sediment-hosted copper district in Colombia and direct shipping ore (DSO) iron ore within the Iron Quadrangle in Brazil, hosting some of the DSO mines in the world. Its Sierra Azul is a district-scale copper-silver project spanning 120- kilometers (km) along the 200-km-long Cesar Basin in the mining region of northeastern Colombia. This region provides access to infrastructure resulting from oil and gas and mining operations. Its mining concessions cover an area of more than 180 square kilometers (km2). Its exploration is focused on three districts at Sierra-Azul: AM District, Conejo District and URU District. The Floralia Hematite DSO Iron Ore Project is situated within a prolific iron ore mining region in Minas Gerais, Brazil’s iron ore-producing state, 67 kilometers east of the capital city of Belo Horizonte and 11 kilometers northeast of the mining town of St Barbara.


TSXV:MAX - Post by User

Post by nopooon Sep 23, 2024 1:59pm
82 Views
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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