PGM prices fell in the third quarter as the global semiconductor shortage hit demand from the car industry.

The world's top gold producer cut its annual production target by 500,000 ounces.

One of China's biggest copper producers saw profits fall 33% in July-September from the previous quarter.

This follows a deal last month in which Sibanye agreed to buy half of ioneer's Nevada lithium mine project.

It shipped 45.6 mt of iron ore in the quarter, compared with 44.3 mt a year earlier.

Newcrest Mining on Thursday posted a 21.2% fall in first-quarter gold production as output declined at its flagship Cadia mine and the Lihir operations in Papua New Guinea due to maintenance activity

The government wants to "perfect the mining sector's fiscal regime."

Demand will likely outstrip production over at least the next five years, Morningstar predicts.