China plans to strengthen controls in industries such as steel and aluminum which involve high energy use and produce high emissions, in an effort to promote low-carbon developments.
Chinese rebar and hot-rolled coil futures also jumped after the market recorded heavy losses over the past few weeks following the government's vow to stabilise commodity prices.
According to non-profit group Instituto Socioambiental, there are about 20,000 illegal gold miners in the Yanomami area, Brazil’s largest protected Indigenous reserve.
The coronavirus pandemic highlighted the importance of securing supplies on a regional level and further strengthen western countries’ desire to end reliance on China.