TSX:HBMMetals and Mining
Why Hudbay Minerals (TSX:HBM) Is Up 5.9% After Mitsubishi Backs Copper World Expansion And What's Next
Hudbay Minerals recently benefited from higher copper prices after production was suspended at Freeport’s Grasberg mine due to a tragic mudslide.
Investor attention has also focused on Hudbay’s US$600 million partnership with Mitsubishi for a 30% stake in the Copper World project, expected to lift the company’s total copper output by more than 50% while easing its funding burden.
Now we’ll examine how the Mitsubishi-backed Copper World expansion reshapes Hudbay’s investment narrative and the...