Copper price falls while China imports decline

Australia spodumene auction disappoints and Chinese lithium chemicals show weakness ahead of EV subsidy end.

Michigan has emerged along with Virginia as a potential home of the multibillion-dollar facility.

Chinese policymakers are aiming to boost the scale of consumption and investment, the official Xinhua news agency said.

The bank sees copper jumping to $10,050 a tonne from around $8,400.

In the case of rare earths, Germany is more than 90% dependent on supplies from China.

If successful in iron ore, the mandate of China's new centralised state buyer could be extended to lithium, copper and bauxite.

US inflation was 7.1% over the 12 months to the end of November, dropping from 7.7% in October.

Announced at the COP15 talks on biodiversity in Montreal, the Sustainable Critical Minerals Alliance would support these standards for elements like lithium, cobalt and nickel.

Covid-19 symptoms are spreading rapidly in China after authorities began dismantling stringent measures against the disease.