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Copper Squeeze Triggers Rush to Revive Old Mines

Soaring copper prices are driving mining companies to restart idled operations globally. Operators hope brownfield projects will bridge medium-term supply gaps.

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A drone view of Mount Lyell mine, Queenstown, Australia, May 14, 2026. Sibanye-Stillwater/Handout via REUTERS

Sibanye-Stillwater Ltd approved a $340 million restart of the historic Mt Lyell mine in Australia, joining global miners reviving idled assets amid surging Copper demand.
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