Rising demand from electric vehicles and challenges in securing raw materials will deliver a battery supply crunch for automakers, according to a key Chinese manufacturer.

Potential underground mining would occur concurrently with open-pit operations.

Sibanye-Stillwater has elected not to exercise its right to take up 51% ownership of the project.

Freeport-McMoRan chief Richard Adkerson says he plans to work with the industry in Peru to engage with the incoming government of Pedro Castillo.

China will sell another 30,000 tonnes of copper, 90,000 tonnes of aluminum, and 50,000 tonnes of zinc from its state reserves on July 29.

Company copper production increased about 19% to 913 million pounds.

Total production fell to 542,332 ounces in the June quarter from 573,175 ounces a year ago.