Peru’s executive power extended, until December 31, 2022, the expiration date of the working group tasked with assessing compliance with the agreements signed between the government, Las Bambas and nearby communities.

It has increased its stake in the Canadian miner to 13.77% while rejecting again Rio Tinto’s $3.3bn offer for 49% of Turquoise Hill.

Glencore does not own lithium mines, but has invested heavily in the business of recycling the battery metal this year.