BHP and Antofagasta said a mining royalty bill in Chile would affect competitiveness and encourage miners to reevaluate investments.

Possible sanctions on Russian metal, lawsuits, a battle to recover trust and a slump in nickel trading after the March fiasco are just some of the headwinds facing the LME.

Advisory firm recommended Turquoise Hill shareholders vote for Rio Tinto’s cash offer to acquire 49% of the shares it doesn’t own for C$43 a share.

The amount of available copper in the London Metal Exchange's warehouse network has halved over the last eight days.

Premiums of physical copper sales to China in 2023 are expected to rise to between $150 to $210 per tonne over the benchmark London Metal Exchange price.

World refined copper production is forecast to rise by about 2.8% in 2022 and 3.3% in 2023.

The Chilean miner also said it produced 181,900 tonnes of copper in the third quarter of the current year.

A sharp increase in ShFE copper inventories also dented sentiment.