The market narrative for China's appetite for commodities has moved on from what was a soft 2022 to expectations of a strong 2023.

Recharge Industries is planning a A$300 million factory to build lithium-ion batteries free of materials from China.

The metal will probably average $3,125 a ton this year in London, analysts said.

MMG Ltd’s Las Bambas copper mines halted activities because of unrest at another nearby mining site.

The LME global warehouse network held 654,345 tonnes of metal at the end of December, less than half the tonnage registered at the close of 2021.

While the final price in the trading ring was set at $9,130 a ton, the LME’s external data feed showed a price of $2,130.