The fate of global rare earth miners rests on a China smuggling crackdown

As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.

The world’s single biggest buyer of copper, State Grid Corp. of China, has slowed its purchases of copper wire this year.

Derivatives will be used to lower the risks of cross-border investments and to enhance financial stability, the Chinese producer said.

Around 30% of China’s refined copper production used scrap metal as a feedstock in 2023.