Iron ore price rises as output in Chinese steel mills hits highest since October 2020

The offer price represents a 33.3% premium to Norwest's last closing price.

Concerned shareholders are accusing company CEO and the board of directors of enriching themselves with more than C$6 million for just seven months of service.

Australia spodumene auction disappoints and Chinese lithium chemicals show weakness ahead of EV subsidy end.

Drill hole MAD-22 returned 92 metres at 2.11% total copper from 140 metres.

Chinese policymakers are aiming to boost the scale of consumption and investment, the official Xinhua news agency said.

The bank sees copper jumping to $10,050 a tonne from around $8,400.

During the first 10 months of the year, the global market was in a surplus of 78,300 tonnes compared with a deficit of 163,600 tonnes in the same period of 2021.

Silver, like gold, is a precious metal that offers investors protection during times of economic and political uncertainty.

If successful in iron ore, the mandate of China's new centralised state buyer could be extended to lithium, copper and bauxite.