Albemarle said it could invest $1-billion in Chile over the next 5 years if request to the government to let it extract 125,000 tonnes per year is approved.
Arnoud Balhuizen, head of marketing at BHP, said the impact of the looming electric vehicle boom for raw materials producers would be felt first in the metals markets and only later in oil.
Copper rose on Tuesday, snapping four straight days of losses as a rally in oil prices to more than two-year highs boosted commodities more broadly, and on longer-term expectations that demand will grow and supply remain constrained.