Jiangxi Copper sees higher prices as it plans to raise output

Rules for battery components should apply from 2024, while critical minerals will be covered from 2025.

Tianqi Lithium and Ganfeng Lithium closed up 6.5% and 7%, respectively, in Hong Kong on Wednesday.

The trend underscores heightening uncertainty about growth prospects in the world's second-largest economy.

Moody’s Investors Service cut its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns over debt levels in the world’s largest consumer.

The Biden administration has unveiled plans to exclude Chinese entities from receiving any of the generous tax credits available for investing in the US EV supply chain.

Officials from state company Enami met with authorities and company representatives in China last month to discuss a $1.4 billion project to overhaul Enami’s smelter.

“The rule of the economics are going to drive the price, the rule meaning supply and demand,” said Vale CEO Bartolomeo.

Evolution agreed to buy the stake for $400 million in cash and a copper price-linked contingent consideration of up to $75 million.

The existing standard to refine these strategic minerals is an expensive and dirty process that China has spent the past 30 years mastering.