Copper prices edged lower on Thursday as fears over the spread of the Omicron coronavirus variant and slowing economic growth in China weakened the outlook for demand.
Peru's finance ministry said on Thursday that International Monetary Fund officials had concluded there is leeway in the country's tax system for a reform to include higher taxes on the key mining sector.
Indian shares rose on Thursday, led by energy, pharma and auto stocks, although gains were capped by fears over the Omicron coronavirus variant after the United States became the latest country to report a case.
Chinese coking coal and coke futures gained more than 5% each on Wednesday, buoyed by supply concerns as coal imports from Mongolia were disrupted by the recent outbreak of the Omicron coronavirus variant.