Erdos is China's main coal-producing and consuming region. Envision's new project is designed to promote the use of cleaner energy in the area.

Baidu owns 55pc of the joint venture and Geely 45pc. Other details, including the location, construction schedules and design capacity were undisclosed.

June prices increased by $30/st to $1,070/st, while July prices rose by $31/st to $1,004/st. August futures prices rose by $18/st to $956/st.

One of the world’s biggest copper companies has good and bad news for buyers hit with the highest prices in almost a decade.

The consolidation of the Company’s issued and outstanding common shares ("Common Shares") was approved by the Company’s shareholders

One of the world’s biggest copper companies has good and bad news for buyers hit with the highest prices in almost a decade.

Freeport-McMoRan is set to approve expansions at several of its US copper mines to capitalise on surging demand for the red metal as President Joe Biden moves to electrify the nation's automobiles and combat climate change, CEO Richard Adkerson told Reuters.

Indonesia is "ready to fight" the European Union's challenge of the Southeast Asian country's ban on nickel ore exports at the World Trade Organisation, arguing the bloc's actions may hinder Indonesia's development plans, the Trade Minister said.