The metal is poised not just as a material of historical significance but as a pivotal element in driving forward the next phase of economic and technological progress.
The government will directly buy and sell a portion of the copper produced in the nation, competing with trading giants including Mercuria Energy Group and Glencore.
The nickel market has been thrown into chaos after a flood of new supplies from Indonesia — the result of huge Chinese investment and major technological breakthroughs.
The Australian Financial Review suggests the two companies may be in talks to merge, potentially forming the world's largest non-China producers of rare earths.