CEO praised Teck as a “mining champion in Canada” that has attracted the interest of other multinational miners but said that Rio is not looking to make a major acquisition at the moment.

The CEO of Rio Tinto Group said his team would liaise with the concerned authorities.

LME stocks of tin have grown steadily over the summer months and have reached levels last seen in April 2020.

Earlier this month a unit of South Korea's Solus Advanced Materials said it would will build a copper foil facility in Quebec.

The Philippines has been pushing miners to invest in processing facilities instead of just shipping out raw ore.

The global nickel market had a surplus of 28,600 metric tons in July.

Indonesia will allow mining production plans to stay valid for three years with immediate effect.

Acquisition of ATA technology is part of the firm's targeted expansion into the global mine tailings management industry.