China to expand ban on Australian imports to copper; Rio Tinto closes Argyle diamond mine after 37 years; Tanzania finalizing permit for its first rare earth mine

Ban on Australian copper concentrate imports could hurt Chinese smelters in their negotiations with miners on benchmark treatment charges for 2021.

In the quarter, the company sold 134,817 gold-equivalent oz. (GEO), at cash costs of $290 per GEO.

Country's copper mining industry, the world's largest, saw a 17% drop in its production costs.

The plan, which covers the period from 2021 to 2035, will also see battery-electric vehicles dominating new vehicle sales by 2035.

The world-leading copper industry may see investment lag for at least two years.