Automakers win extension on use of Chinese graphite in EV tax credits

Weighing as little as one gram, the beans are increasingly viewed as the safest investment bet for young Chinese in an era of economic uncertainty.

The copper market has awoken from its year-long slumber.

Overall, the outlook for China's iron ore demand has darkened after the strong start to 2024.

Prices for two of the world’s most important mined commodities are diverging quickly.

Under the revised deal, both parties have agreed that China will invest up to $7 billion in infrastructure projects in Congo.

Ambassador Cong Peiwu said the Canadian government is “wrong” to prevent Chinese investors from buying majority stakes in domestic mining companies, like it did in 2022.

The news comes as major Chinese smelters scramble to secure raw material supplies after their profit margins were hit by shortages of copper ore.

Total options volume spiked to more than 52,000 contracts, according to exchange data.

UBS and Goldman Sachs have trimmed their 2024 supply estimates by 33% and 26%, respectively.