Germany also warned on Monday that higher duties would "harm all sides".

Australia's Pilbara Minerals said on Monday it expects to swing to an underlying loss for the first half, as it placed one of its two processing plants in care and maintenance owing to a steep drop in lithium prices.

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Guinea expects the giant Simandou iron-ore project, which is expected to begin production by December, to achieve maximum output by its second year of operation.

The company’s headline earnings for the period are expected to be between R11.7-billion and R12.9-billion, compared with headline earnings of R22.7-billion for 2023.