Major carmakers like Volkswagen, Daimler and Stellantis have been racing to secure battery cell supplies in Europe.

The tunnel boring machine cut 7.6 kilometres through the rock in remote mountains over 30 months, completing the route for a 16 kilometre tunnel that was started in the early 1990s.

Glencore's Bolivian zinc assets include a 100% stake in Sinchi Wayra SA, which owns the Reserva, Tres Amigos and Colquechaquita mines.

The company's copper production increased by 29% over the second quarter.

The facility in Indonesia will have capacity of 1.7 million tonnes of copper concentrate and is expected to start operations in late 2023 or early 2024.

Newcrest expects to produce around 2 million ounces of gold a year until at least 2030.

Exports of unprocessed nickel ore from Indonesia, the world’s top nickel miner, ceased in January 2020, due to a government-imposed ban.