Shanghai copper price registered a second consecutive month of gains on Monday as prices firmed on a potential supply threat in Chile and massive US infrastructure spending plans.
China plans to strengthen controls in industries such as steel and aluminum which involve high energy use and produce high emissions, in an effort to promote low-carbon developments.
Chinese rebar and hot-rolled coil futures also jumped after the market recorded heavy losses over the past few weeks following the government's vow to stabilise commodity prices.
In addition to digitally transforming their businesses, mining companies are under enormous pressure to better their environmental, social governance (ESG) performance, which includes accurate carbon reporting.
According to non-profit group Instituto Socioambiental, there are about 20,000 illegal gold miners in the Yanomami area, Brazil’s largest protected Indigenous reserve.