Iron ore’s giants expanding clout as sales to China expand

As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.

The world’s single biggest buyer of copper, State Grid Corp. of China, has slowed its purchases of copper wire this year.

If developed, the $2.4 billion Jadar lithium project in Western Serbia could cover 90% of Europe's current lithium needs.

Derivatives will be used to lower the risks of cross-border investments and to enhance financial stability, the Chinese producer said.