China top copper producer halts output after pollution order

Base metals prices have eased considerably in 2022, as demand has weakened while the dollar has strengthened.

ISS on Monday had recommended Turquoise Hill shareholders to vote "against" the deal, joining the Canadian miner's second-largest shareholder Pentwater Capital Management.

With recession looming, however, some business groups say bans on Russian aluminum would decimate European industry.

The lack of lower-content nickel trading on the LME was a factor that helped fuel a wild spike in LME nickel prices in March.

India also boosting its imports of Russian crude and coal, with both Asian giants taking advantage of the discounts on offer.

"We never used to talk to mining operators - now we know their business model," chief Murat Aksel said.

BHP and Antofagasta said a mining royalty bill in the country would affect competitiveness and encourage miners to reevaluate investments.

The Copper Mark extends its responsible mining assessment already covering a fifth of global copper production, to molybdenum, nickel and zinc with the launch of a pilot program. 

The London Metal Exchange has faced a firestorm of criticism this year, and it’s about to get even worse.