Morning Briefing: Hudbay and Magna Greenlight Copper Projects; AbraSilver Reports Its Strongest Gold Intercept

Major copper projects (Hudbay-Mitsubishi's Copper World, Magna's Crean Hill) got construction green lights as BloombergNEF flags a looming 2028 supply shortfall.

• Copper supply gap: BloombergNEF says the copper industry needs $332 billion in new mine investment to avert a shortage starting 2028, with demand up 61% by 2050 to ~46 million tons.
• Hudbay-Mitsubishi greenlight Copper World: Arizona project sanctioned for construction, targeting H2 2029 first production, 102,000 tons/year copper over its first decade at ~$1.65/lb cash cost, needing $2.07B initial capital.

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