BHP chief executive cautiously optimistic about China’s economic growth

The company is planning to build a 1 million tonnes per year aluminum smelter with Huafon Group at its industrial park on the Indonesian island of Sulawesi.

Ganfeng will set up a joint venture company in the city of Fengcheng for its latest plant, which will convert spodumene into lithium battery materials.

The United States plans to combat unfair trade practices that have contributed to a "hollowing out" of supply chains.

Other steelmaking ingredients also weakened, with Dalian coking coal down 1.3% while coke slipped 0.5%.

Uranium production is expected to grow at a CAGR of 6.2% between 2021 and 2025.

Chinese imports fell nearly 9% in May with further weakness expected in coming months, putting pressure on prices for the steelmaking material.

Minmetals use of direct lithium extraction is seen as a first step in the development of domestic lithium resources.

14 people are still missing following a spate of recent Chinese coal mine accidents.

Copper prices rebounded as investors scooped up material at lower prices after heavy losses the previous day on fears that strong US economic data could spur tighter monetary policy.