China’s thermal coal futures plunged and turned in their worst week in five months, following Beijing’s strongest intervention in years to boost supply and cool runaway prices.

On-warrant LME stocks, those not earmarked for delivery, have tumbled by over 90% since mid-August.

The London copper contract has been sucked into a stocks vacuum after the amount of available metal in warehouse system sank to the lowest since 1974, writes Andy Home.

Boliden said costs had increased due to major planned maintenance shutdowns, higher energy prices and wage inflation.

Codelco said it had reached a 36-month agreement that will not include salary adjustments.

There is currently a solid global project pipeline, due to the rise in cobalt prices and the expected demand boom amidst battery manufacturing projects, Fitch writes.

Waste from Nickel West operations is high in magnesium oxide, which can pull carbon out of the air to create magnesium carbonate, a stable compound in the form of a salt.

The first hole intersected mineralization over 422m true width, which is an increase of 52% over the 2013 historical resource model in that area.