The company is considering producing cathode battery materials in the United States among other options.

This infographic visualizes the 2.8 billion tonnes of metals mined in 2022, including precious metals, industrial metals, and more.

Codelco chairman has said the company is reassessing the costs of upgrades to the life of its mines.

Ivan Vella, who has spent two decades at the mining giant, was already due to leave the company in December.

Composed of manganese, nickel, copper, cobalt and other trace minerals, polymetallic nodules hold some of the key ingredients needed to fuel the energy transition.

“We are not very optimistic about copper prices,” said the head of copper trading at Shanghai Wooray Metals.

PT Amman Mineral climbed as much as 2.5% to a record high after MSCI announced it will be added to its global standard indexes.