The government ordered primary aluminum producers to cut their power usage by at least 10% in September.

New report says China now imports half its heavy rare earths while demand from EVs, renewable energy is absorbing higher prices.

“That’s a country that has seen this need coming and made the most of it,” Resources Minister Madeleine King told Bloomberg News in an interview.

More than half of the copper in LME warehouses -- much of which was of Russian origin -- has been ordered out for delivery in the past three weeks.

Zinc’s losses tracked a steep sell-off in iron ore and steel markets, as China’s economy shows few signs of a decisive recovery.

The government intends to start developing the methods necessary to extract the elements near the Ogasawara islands, according to the Yomiuri newspaper.

Prices have soared to unprecedented levels as demand forecasts keep growing.

Most of the recent aluminum flowing into LME warehouses is not newly made, and produced in India or the Middle East.