Nifty hedging installed

DIVERSIFIED miner Metals X has hedged nearly half of its copper production over a 10-month period starting October as it brings the Nifty operation it acquired last year up to full speed.

Nifty hedging installed Nifty hedging installed Nifty hedging installed Nifty hedging installed Nifty hedging installed

The hedging of 1500 tonnes per month ensures prices of between A$7600 per tonne and $8255/t, and covers about 45% of monthly production given the targeted 40,000t per annum run rate.

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