Ecuador to approve Mirador copper mine expansion by August — official

Steel demand remains subdued in China despite the latest property stimulus.

The Chinese commodity trader is Ivanhoe's largest shareholder.

Tin remains the strongest year-to-date base metals performer.

Copper smelters in China are maintaining production at near-record levels.

A seasonally slowing demand for steel products will also drag down consumption for iron ore, Sinosteel Futures said.

The aluminum market is caught in a clash between some of the biggest traders and banks.

China continues to dominate the EV market, as every second electric car sold globally in the past year was made in the country.

The metal has risen almost 20% this year, reaching a record $11,000 per tonne this week.

In 2021, China President Xi Jinping pledged to halt all coal construction and financing abroad.