The aluminum market is caught in a clash between some of the biggest traders and banks.

Anglo American was encouraged by key shareholders to continue engaging in talks with BHP over its proposed $49.18 billion mining merger.

China continues to dominate the EV market, as every second electric car sold globally in the past year was made in the country.

Production at its Bou Azzer mine in the Atlas mountains has been reduced "to preserve resources," amid low prices.

The metal has risen almost 20% this year, reaching a record $11,000 per tonne this week.

The net proceeds will be used by Hudbay to accelerate mine pre-stripping activities and mill optimization initiatives at Copper Mountain.

Of the investors that Bloomberg spoke to this week, some suggested that BHP should provide a commitment to cover any lost value suffered by the subsidiaries’ new owners.