Codelco’s 2022 pretax profit slumps 63%

Metals including copper, silver and platinum have seen a sharp price dislocation between London and New York.

State oil giant Aramco and Saudi mining company Ma’aden have joined forces to explore and produce energy transition minerals.

The push for data centre storage power is set to boost mining for energy transition metals such as silver for solar panels, copper for wiring, and lithium, cobalt, manganese, iron, nickel and vanadium for batteries.

Trading activity last year the strongest since 2015 and the fourth highest on record.