India’s ministry of finance has turned down a proposal from its counterparts in the commerce ministry seeking a refund of duties paid in the course of export production in certain sectors including steel, government sources said on Thursday, November 24.

Dalian iron ore futures snapped a three-session losing streak on Thursday, as recent support measures for China's property sector outweighed worries over the recent rise in COVID-19 cases.

Three-month copper on the London Metal Exchange was up 0.8% at $8,072.50 a tonne by 0201 GMT, while the most-traded December copper contract on the Shanghai Futures Exchange rose 0.2% to 65,060 yuan ($9,111.92) a tonne.

Chile’s state owned mining company Codelco, the world’s biggest copper producer, warned on Thursday that global shortages of the metal may reach eight million tonnes by 2032, as soaring demand continues to offset new projects numbers.