A post by @FirstSquawk on X.

BHP and GoMount signed a memorandum of understanding covering copper cathode trade, though the article disclosed no contract values, volumes, or pricing terms. The non-binding agreement links the mining major with GoMount as a counterparty for cathode supply as global copper demand from electrification and grid build-out keeps attention on refined metal flows. Because an MOU stops short of a binding offtake commitment, the key question is whether it converts into a definitive supply agreement with disclosed tonnage and delivery schedules. Traders will watch for follow-up announcements specifying volumes, shipment timing, and any pricing reference, which would signal whether the arrangement materially shifts either party's cathode book.