Soaring production from Indonesia is also adding to surpluses.

The Chinese official manufacturing gauge is expected to signal expansion for the first time since March.

The initiative consists of building a tunnel that will connect Atacocha and Porvenir mines.

ACG had planned to buy a nickel mine and a copper mine from Appian Capital.

Earlier this month, some members of Panama's congress visited First Quantum's copper mine to resolve doubts over the contract.

Winners of the award demonstrate best practice in responsible production and contribute to the UN sustainable development goals.

US Energy Secretary Jennifer Granholm said the world is up against a dominant supplier of critical minerals willing to exploit its position for political gain.