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.

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.

EU considers abolishing counter tariffs on steel

Turkish steel industry needs to take measures to reduce imports