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Zhongkuang Resources Group Co., Ltd. chairman and CEO Wang Pingwei met with Zambian presidential economic adviser Pamela Nakamba, presidential projects special assistant Lawrence Mwanayenda and Cabinet Secretary Patrick Congwa to discuss progress and

2026-06-24

Zhongkuang Resources Group Co., Ltd. chairman and CEO Wang Pingwei met with Zambian presidential economic adviser Pamela Nakamba, presidential projects special assistant Lawrence Mwanayenda and Cabinet Secretary Patrick Congwa to discuss progress and plans for the Katumba copper project. The $610 mln project has generated about 3,900 local jobs and is expected to employ 5,000–6,000 at full operation. Equipment procurement, civil works and pipeline installation are progressing on schedule, with target of concentrator commissioning readiness or trial production in Q3 2026. The project maintains an environmental-first approach and pursues a green "energy+resources" integration pathway.

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2026-06-24

The Federal Reserve Bank of Dallas estimates in a new study that a recent spring oil surge above $120/bbl reduced U.S. output by roughly 0.3 percentage point, far less than similar shocks in the 1980s when U.S. oil import dependence was higher. A U.S

The Federal Reserve Bank of Dallas estimates in a new study that a recent spring oil surge above $120/bbl reduced U.S. output by roughly 0.3 percentage point, far less than similar shocks in the 1980s when U.S. oil import dependence was higher. A U.S.-backed war on Iran cut about 15% of global oil supply, disrupted Strait of Hormuz shipping, rolled commodity markets, pushed prices higher, caused regional shortages and weighed on overall demand.
2026-06-24

API: US gasoline stocks rose 1.238 mln barrels in the week to June 19, versus market expectations for a 350,000-barrel draw; prior week's build was 2.479 mln barrels.

API: US gasoline stocks rose 1.238 mln barrels in the week to June 19, versus market expectations for a 350,000-barrel draw; prior week's build was 2.479 mln barrels.
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