China's moves to ease covid-19 restrictions added fuel to the rally, as did shrinking stockpiles of imported iron ore at Chinese ports.

EV sales are rising fast enough now to keep combustion vehicles from returning to their previous peak.

Beijing Hede Fund Management built up a position from nearly zero on Feb. 18 to as much as 40% of overall exposure in about 10 days.

Glencore and Trafigura are among traders checking their aluminum inventories after several domestic trading firms claimed last week they were duped into providing loans against artificially inflated stockpiles.

The opaque world of funding commodities trading in China is again under the spotlight.

The Warren Buffett-backed car producer is once again the largest shipper of electric vehicles in the world’s top market.

Beijing authorities said the capital will resume public transport in most districts, restart dine-in restaurant services and allow workers to return to offices.

The rise in prices could be limited, ANZ Research said in a note.