MAC Copper Limited has entered into a binding scheme implementation deed with Harmony Gold Mining Company, marking a strategic move in the base metals sector where small and mid-cap companies seek scale and trading advantages. Harmony, which recently reported a record cash reserve and has benefited from elevated bullion prices, is positioned to expand its footprint through this deal. Meanwhile, Glencore Plc has been actively purchasing Russian copper on the London Metal Exchange with plans to deliver the metal into China. This trade underscores the tightening supply conditions in the world's largest copper-consuming market, reflecting broader pressures on global copper availability.