The move will add 30,000 tonnes of copper production from early 2023 to 2027, alongside the site's open pit operations.

The parties have agreed to pause hearings on their dispute over Konkola Copper Mines for six months.

The charges are higher than the $80 per tonne and 8 cents per pound set for the third quarter of 2022.

China’s rapid build-up of clean energy is claiming more copper, supporting the market at a time when traditional sources of demand like housing are in the dumps.

The dollar’s relentless surge to repeated records is making commodities priced in the currency more expensive for overseas buyers.

It appears the days of being a “one trick pony” mining company are numbered.

Anglo says 300,000ktpa Peru mine has entered commercial production. Chile output and costs negatively affected by Los Bronces water restrictions and changing ore.

“In general the outlook is pretty weak for metals,” said Ryan McKay, a commodity strategist at TD Securities.