Newcrest extends Newmont’s exclusivity period to make binding takeover offer

Renewed covid restrictions dampening overall domestic demand.

Mining stocks also slid, with BHP Group down almost 10% from the previous week, Glencore down 8%, and Freeport-McMoRan down 16%.

During the first four months of the year, the global market was in a deficit of 8,100 tonnes.

China produced a record 3.42 million tonnes of primary aluminium in May as the country's smelters continue to ramp up run-rates.

Workers at Chile’s state-owned Codelco will start a nationwide strike on Wednesday to protest the government’s and the company’s decision to close a troubled smelter.

Iron ore lost almost a quarter of its value in a dizzying eight-day plunge through Monday.

The benchmark price for cobalt in Europe has slid more than 13% since a peak in May.

Nippon Steel currently has minority stakes in six coking coal assets, mostly in Australia.

An agreement may not be easy, according to Reuters sources, due to Samarco's liabilities related to its 2015 disaster in the city of Mariana.