Hedge funds bet against copper for first time in three years

CATL, whose clients include Tesla and Volkswagen, is the world's largest battery maker.

As major economies march towards a net-zero future, there is a growing endeavour to produce metals with little-to-no carbon footprint.  

China produced a record 3.42 million tonnes of primary aluminium in May as the country's smelters continue to ramp up run-rates.

Iron ore lost almost a quarter of its value in a dizzying eight-day plunge through Monday.

The benchmark price for cobalt in Europe has slid more than 13% since a peak in May.

China’s top planning agency has demonstrated its intent to keep coal prices in check.

The 190,000 tons shipped in May brings the year-to-date figure to 380,000 tons, nearly 1,000% higher than the same period in 2021.

A raft of supportive policy measures from Beijing over the last couple of months have failed to result in persistent price gains.

The outlook for spot iron ore prices for the rest of the year largely rests on how successful China is at containing covid-19, writes Clyde Russell.