Copper price and China reserves: sell on rumor, buy on fact

State seeks enforced acquisition of MCC's Erdenet stake.

The Swiss miner was granted a temporary injunction against the Israeli billionaire after petitioning the London court to rule against a Congolese judge’s decision last week to freeze assets at its Kamoto Copper project.

Driverless trucks at the same iron ore operations already haul over a quarter of both ore and waste material.

Lack of new projects, investment deficit and increasing political risk will hit supply of cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars.

Most records of early exploration work on the property have been lost.

China's trade in industrial metals looks set for significant upheaval this year as the country adapts to fast-evolving supply chains.

Shares fell as much as 3.9% after the company said late Friday that a Congolese court authorized bailiffs to freeze certain Glencore assets after Israeli billionaire Dan Gertler served orders on local units for almost $3 billion in damages.

The firm is now delivering water to a site off a Native American reservation.

What the bears seem to have in common is the belief that a rush of new lithium supply will soon hit the market.