The Copper Producers Index ETF targets the copper mining industry by tracking the Solactive North American Listed Copper Producers Index.

The agreement to back the plant being developed by startup Green Lithium brings the world’s top independent commodities trader into a market struggling to create new supply.

EV sales in Australia are soaring — led by the almost-ubiquitous Tesla Model 3 — and more brands and models are arriving in the market.

The sector will require $7 billion of investment each year from now until 2028, Benchmark Mineral Intelligence said in a report.

The US is not opposed to China investing in Africa if the investments are centred on upholding human rights, democracy and jobs.

Even as consumption growth for other commodities like grain probably will trail off in the next 30 years, metals will remain in high demand, the bank said.