Indonesia will improve monitoring of environmental standards for nickel mining, amid concerns over production of the metal which is increasingly used in electric vehicle batteries, the country's President Joko Widodo told Reuters on Thursday.
With ten rounds of sanctions since Russia invaded Ukraine in February last year, the European Union has rolled out its toughest punishment ever against a foreign country.
China's GEM Co Ltd , a battery and material recycler, has signed a joint venture agreement with SK On and ECOPRO Materials to set up a plant in South Korea to meet the conditions of the U.S.Inflation Reduction Act (IRA), it said on Friday.
Copper prices ran out of steam on Wednesday after two days of gains as concern over the impact of the Omicron coronavirus variant blunted the effect of economic stimulus in top consumer China.
London copper edged higher on Monday after MMG Ltd's decision to shut down production at Peru's Las Bambas copper mine exacerbated supply concerns in an already tight market, although gains were capped by a firmer dollar.