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Related tickers and likely impact
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/21/2026 | 4,141.17 |
| Change that session | +0.39% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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Hudbay Minerals announced the results of the definitive feasibility study for Copper World, its 70%-owned project in Arizona, in which Mitsubishi holds 30%. The partners have approved a final investment decision to build the mine, with first production targeted for the second half of 2029. The project is expected to add more than 100,000 tonnes of annual copper production over its first 10 years, and the Extension Case would deliver higher output for more than 30 years. Hudbay will fund only one-quarter of the project capital cost, with its first capital contribution deferred to 2028. CEO Peter Kukielski said the project would double Hudbay's copper production.
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