The impact on energy commodities from the war in Ukraine has faded and prices are expected to be more in line with historical norms.

The LME index of base metals has sunk from a January high of 4,356 to 3,704.

The South Korean firm aims in the to grab a 30% share of the global market for copper foil, a key component in EV batteries.

The company was recently authorized to restart drilling at Vizcachitas after fulfilling conditions laid out by an environmental court.

Analysts had previously expected between 1-1.3 million tons of production to resume in the Yunnan region during the summer months.

The National Food and Strategic Reserves Administration, the government stockpiling body, may buy about 2,000 tons of cobalt.

China’s Zijin Mining, Norinco Group, Sibanye Stillwater and an investment vehicle owned by ex-Glencore officials are shortlisted to buy Mopani.