Out of the 27 key commodities, Fitch sees 19 of them averaging lower on a year-on-year basis.

The result was a blow to the four-month old administration of leftist President Pedro Castillo.

Huayou, the world's biggest cobalt refiner in 2020, has been looking at investing more in lithium projects in China.

Elevated electricity costs caused by a wholesale power crunch this year have forced industries from zinc to steel to curtail production.

The 2022 charges are 9.2% higher than this year's benchmark.

Under a state of emergency, civil liberties are suspended.

The firm said that it expected the mine to get back to full capacity by Dec. 18.