Commodities of the future: Most linked to green and digital transitions – report

Domestic iron ore mines are also humming.

Benchmark copper on the LME settled up 1.4% to US$6,886 a tonne.

The "32 T" is 3,000 times stronger than a small refrigerator magnet.

Panel of investment banks and research houses forecast declines in copper, zinc, lead and palladium prices in 2018.

“We’ve been intensively focusing on how to manage future cobalt supply for a year now. Before, it wasn’t clear just how quickly demand will accelerate.”

On Friday, KGHM said it was considering next step after BC said it would not issue an environmental certificate for its Ajax copper and gold mine.

Australia, home to world's second-biggest cobalt reserves, is seeing rush of interest in projects from makers of the batteries used in electric vehicles.

Under the new deal, Inalum will seek to acquire London-based Rio Tinto Group’s joint venture interest in Grasberg by March.

Under the contract with Lundin, Finning will supply 70 pieces of heavy mining vehicles and machinery for Lundin’s mine complex in Chile.