Chile’s top lithium regulator is preparing to slash the red tape that investors have long said stymies output and new projects in the world’s No. 2 producer.
Doubts have risen over the future of the Kvanefjeld project as a left-wing party pledged on Wednesday its opposition after winning a parliamentary election.
Copper long speculators are at risk of a price pull-back due to a delayed pick up in Chinese demand in its traditionally strong industrial consumption season.
The restrictions on imports from Australia came into effect in the second half of last year, resulting in China's imports dropping to virtually zero in the first two months of this year.
This year seasonal factors have limited output of renewables, including hydro electricity, which are weather dependent, helping coal's share to rebound.
Company is not building or investing in a previously planned project to make refined copper from scrap in eastern Malaysia, chairman Zheng Gaoqing said.