China scoops up cheap Indian iron ore in bid to trim steel costs

Copper rallied strongly in early January but prices lost momentum as Chinese markets closed on Jan. 20.

Tin's rollercoaster ride spins into the new year, promising more thrills and spills after a tumultuous performance in 2022.

The miner said that the outlook for copper fundamentals in the medium- and long-term period remains favorable.

The miner said last week it had received enquires for long-term supply as Beijing lifted its ban.

Europe's energy crisis has taken a heavy toll on a notoriously power-hungry sector.

There are expectations of rising housing construction and infrastructure development this year in China .

Estimated Chinese production was 3.47 million tonnes in December.

The premium that buyers pay above futures prices for domestic copper have surged since the second half of last year.

Volumes have fallen every month year-on-year since the suspension of nickel trading and the decision to cancel trades.