China iron ore futures fall as port inventory rises

China's exports of rare earth magnets to the United States rose more than 20% in May from the previous month to their highest since at least 2016.

Global copper mine production will see steady growth over the next few years, supported by markets with low operating costs and improving copper prices.

No value was put on the agreement but the Chinese company will also have the right to purchase 3,000 tonnes of rare earth products from the project within three years of production.

The importance of rare earths, has been thrust into the spotlight in recent weeks as China mulls whether to use its position as the world’s dominant supplier as a counter in its trade war with Washington.

The project is expected to produce 30,000 tonnes of lithium, 20,000 tonnes of battery-level lithium hydroxide and 10,000 tonnes of lithium carbonate.

In the world of metals and mining, sometimes it’s better to sell the raw product rather than the finished one.

The EV market has boomed in recent years, but still makes up just a fraction of total car sales.

Demand for steelmaking raw materials continues to be robust despite heightened production restrictions in some regions.

Mining giant Rio Tinto on Thursday lowered its guidance on volumes of iron ore it expects to ship from the key Pilbara producing region in Australia for the third time since April.