BASE METALS

Glencore to buy Hot Chili copper

ASX-listed Hot Chili has confirmed it will sell 60% of its planned copper concentrate production from its planned Costa Fuego copper-gold development in Chile to commodities trader Glencore.

 A point of departure for future Hot Chili concentrate production

A point of departure for future Hot Chili concentrate production

The concentrate will be sold "on arms-length commercially competitive benchmark terms". The deal was flagged last year when Glencore acquired a 9.99% stake in Hot Chili for A$14.4 million. While...

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