Glencore advances $4.5B MARA copper project in Argentina, boosts supply outlook

Glencore filed the Environmental Impact Report for its MARA copper project in Catamarca, Argentina, integrating the Agua Rica mine with the Alumbrera facilities. The project is projected to produce over 200,000 tonnes of copper annually in its first decade, but construction start remains unannounced. This signals a concrete step toward new copper supply, potentially easing long-term market tightness.