Copper short squeeze in New York is rocking metals markets

The world's largest iron ore consumer brought in 100.72 million metric tons month.

Futures on the London Metal Exchange have risen more than 12% so far this year.

The rule, first issued in draft form in December, called for 300 million metric tons of "dispatchable" annual coal production by 2030.

Owner China's MMG faces a fresh protest by local communities demanding greater benefits from the Las Bambas copper mine.

It comes about a month after a similar lawsuit was filed by the site's developer, Northern Dynasty Minerals.

Copper production from the Escondida miner rose 34% to 97,500 tons.

Companies involved in the sector include BP and US-listed Kosmo Energy.

Average inactive capacity in China rose to 9% in March from 8.3% in the first two months.

Cobalt prices have plunged by two-thirds since mid-2022 as global supply races ahead of demand.