Markets in these two regions have greater exposure to copper, prices of which Fitch sees averaging at a seven-year high in 2021.

Price of the metal has fallen more than 5% since hitting an eight-year high last month.

The world's largest copper miner output fell 16% year-on-year to 157,800 tonnes for the month.

The consortium bidding to take the copper miner private is expected to increase its offer by around 10-15%.

Rio Tinto Exploration Canada mobilized two drills and will focus on the Rafuse target and the Jansem prospect.

The ruling is a blow to the Indian-owned mining company, which has said it would fight any attempt by Zambia to sell KCM to third parties.

Commodity pricing provider S&P Global Platts launched a daily assessment of spot treatment and refining charges (TC/RCs) for clean copper concentrate supply to top metals consumer China.