Morocco’s leading mining company, Managem Group $MNGPF, reported a significant year-on-year revenue increase of 20% in the first quarter of 2025, reaching MAD 2.32 billion (approximately USD 250 million). The performance was largely driven by strong global price momentum in precious metals and industrial commodities, particularly gold, silver, copper, and cobalt.

Recent fluctuations in copper prices in London have captured the attention of analysts and traders worldwide. The drop in prices below $8,500 per ton prompted increased purchasing from Chinese buyers, ultimately serving as a catalyst for a sharp price rebound.