China mining equipment demand to surge

Output has surged 22% this year, the fastest growth of any region in China.

Value of the graphite, lithium, nickel, cobalt and magnesium contained in EV batteries is up 38% from the lows struck in January.

Consumers in price sensitive regions such as India had been finding it difficult to cope with gold's rally in recent months.

Chief executive base salaries in the mining industry increased between 2% and 12% in 2023, the report says.