Critical Materials & Supply Chain▲2
Ecora Resources H1 Portfolio Contribution Jumps 75%
Ecora Resources reported a strong first half of 2026, with total portfolio contribution rising 75% year over year to £31.3 million, driven by growth in its base-metals portfolio and higher commodity prices. Adjusted earnings grew more than fivefold, and the company declared a dividend of 1.9 pence per share, more than three times the comparable 2025 payment. Net debt fell to £75 million from £125 million a year earlier, with management targeting approximately £50 million by year-end. Key assets like Voisey's Bay and Mantos Blancos drove performance, benefiting from higher cobalt and copper prices and ongoing expansions. Ecora plans to continue deleveraging while using its £225 million total borrowing capacity to pursue acquisitions focused on copper and other critical minerals.