The first round of China’s much-anticipated state metal reserves auctions needed only one of two days allotted for all the copper and aluminum on offer to be sold.
China is releasing metal from state stockpiles as part of its campaign to restrain prices after factory inflation in May hit its highest level in 13 years.
London-based consultancy Minviro says the true climate change impacts of producing battery-grade graphite can be as much as 10 times higher than published values.