China’s consumer inflation (CPI) rose by 1.8% year on year in May, which was in line with market expectations. Meanwhile, the country’s producer price index (PPI) rose by 4.1% in May from a year earlier, bolstered by a recent jump in commodity prices, according to China’s National Bureau of Statistics.
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BHP will respond to a counter-proposal by the workers’ union at its Escondida copper mine in Chile on Monday, the Escondida No 1 union said on its website, which could advance progress in the ongoing dispute between the two parties amid rallying copper prices.
Recent spikes in the price of copper may not go very far, with supply trends showing a mixed picture, market analysts said on June 8.
East China’s Shagang has increased the prices for its long steel products for shipment in mid-June.
And in case you missed it, be sure to check out our latest battery raw materials market report for the week ended June 8.