Iron ore inventories at 45 ports in China increased by 260,000 tonnes last week to 127 million tonnes.

Copper price has been weighed down by possible policy tightening in some major economies and rising global coronavirus cases.

In the March 2020 incident water containing molybdenum ore flowed out of a tailings pond belonging to Yichun Luming Mining Co and into a local river system.

Copper prices declined on Monday after data showed factory output and retail sales in China rose more slowly than expected in July.

Chinese industrial production in July increased 6.4% y/y vs median estimate of 7.9%.

Macro headwinds in the form of slowing growth impetus in China and the spread of the Delta variant of covid-19 are currently outweighing copper’s micro-dynamics.

Inner Mongolia’s energy consumption control policy could drive the synthetic graphite market into a deficit, Roskill says.

Construction began on 15 gigawatts of new coal power capacity in the first half, while companies announced 35 million tonnes of new coal-based steel-making capacity.