Glencore bought aluminum from Rusal worth $1.06bn in 2023

Beijing should control mining activity, limit output and consolidate smaller producers into state-owned firms to “reduce disorderly competition,” Shanxi Coking Coal Energy Group Chairman Zhao Jianze said.

On Tuesday, spot gold rose as much as 1.3% to hit a new record of $2,141.60 per ounce.

The falling charges have threatened to cut output in the world's top producer of refined copper.

Iron ore magnate Andrew Forrest said recently the LME should classify its nickel contracts into "clean" and "dirty" to give customers more choice.

Cheap Indonesian nickel, controlled by China and dumped on the market, has collapsed nickel prices and forced global mine closures.

Gold is just $20 off its record high of $2,135 set in December 2023.

Osisko received environmental approval for Cariboo last year, and it anticipates receiving others by the middle of this year.

London's gold price benchmark hit an all-time high of $2,098.05/oz on Monday, surpassing the previous record set on Dec. 28.

Rio Tinto is developing the Rincon project, a lithium-brine mine in Argentina.