India sets lithium mining royalty at 3% of LME prices
The government also set the royalty for niobium at 3% of the average sale price, and for rare earth elements at 1% of the average sale price of rare earth oxide.
Copper is China's only growing commodity import in 2022 as the country’s inventories drop 60% in a year and worldwide stocks decline to just 3.5 days consumption.
The company also expects trading to be halted on the Lima Stock Exchange, OTCQX and the Frankfurt Stock Exchange, and that its common shares may be delisted.
Inflation data in Germany and Japan and statements from European and US central bankers suggest that rapid, economically damaging interest rate rises will continue.