Copper price bounces on news about fresh investment in China

The Chinese government has asked mills in more cities in northern China to cut output from Nov. 15 to March 15.

Copper mining stocks jump as copper price rally gains momentum and traders scramble for prompt delivery of metal.

Power shortages and factory slowdowns did not stop copper from rallying to its highest levels since the beginning of August.

Steel mills in some 28 cities in northern China will have to cut production from Nov. 15 to March 15 next year.

China has been grappling with a growing energy crisis brought on by shortages and record high prices for the fuel.

China's crude steel output from January-August grew 5.3% from a year earlier, despite production controls intensifying beginning in July.

Beijing is urging domestic mines to ramp up production even as it tries to strike a balance between energy security and its carbon neutral goals.

Zijin shares jumped as much as 8.8% in Hong Kong on Monday, and are up 17% this year.

Lithium has gotten so hot that even China’s gold miners want a slice of the market, sky high valuations and all.