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According to customs data, China imported 431,200 mt (physical content) of zinc concentrates in January and 471,100 mt (physical content) in February. YTD imports through February stood at 902,300 mt (physical content), up 30.08 percentage points MoM.
Copper cathode premiums in China's surrounding regions such as Japan, South Korea, and Southeast Asia stood high.
Russian oil exports have remained high over the past year thanks to purchases by Asian countries such as India.
OPEC's recent plan to cut oil production by 1.2 million bpd by the end of the year led the U.S. Energy Information Administration (EIA) to raise its oil price forecast for 2023 by 2.5%.
Bolivia's President Luis Arce said on Tuesday that the country could start exporting lithium batteries from 2026 as part of a plan to industrialise vast quantities of "white metal" resources.