MHP is a chemical form of nickel and cobalt that is experiencing rapid demand increase for its role in the supply chain for lithium-ion batteries.

It would allow it to cut 70% of emissions from the carbon intensive process by tapping renewable energy.

Sudan took steps last year to open up trade in the precious metal further to private investors.

With copper’s key role in the transition to greener forms of energy to fight climate change, companies are accelerating their work plans at copper projects around the world.

During this transition period, Chinese companies need to find solutions to reduce carbon emissions.

The US Federal Reserve also brought forward its expectations for raising interest rates, sending the dollar higher and sapping demand for metals.

The copper market is going to have to live with the threat of Chinese state sales for the foreseeable future.