The most-active July contract on the Guangzhou Futures Exchange surged by 10%.

President Joe Biden said the US plans to unveil a “major” sanctions package against Moscow on Friday.

China’s overseas investment in metals and mining as part of its Belt and Road Initiative surged by 158% last year, hitting $19.4 billion with energy transition metals the main focus.

Shortfalls have lifted uranium prices to 16-year highs.

Australia is throwing a lifeline to its under pressure nickel mining sector, but the solution on offer is more of a band aid than the needed major surgery, the carving of the global nickel industry into green and dirty.

BHP's strong revenue growth of 6% was underpinned by higher iron ore and copper prices.

Australian lithium stocks rallied on speculation that CATL had closed its Jianxiawo mine.