Biden in August issued an executive order aimed at making half of all new vehicles sold in 2030 electric.

The gold giant will exercise its option over a further 5% of the Havieron project in in the Paterson region of Western Australia.

The volatility is set to persist into 2022 as a rebound in steel production this month falters early next year.

Pilbara Minerals has slashed its forecast for shipments, further exacerbating tight supply for the key ingredient in EV batteries.

The Mount Morgan mine in Queensland was the world’s largest gold operation at its peak in the early 1900s.

Lundin Mining fell the most since March after it agreed to acquire Josemaria Resources for C$625 million.