London copper prices advanced on Wednesday, driven by easing default fears around property giant China Evergrande after its main unit said it would pay some bond interest due later this week.
Russia is preparing new export taxes for steel products, nickel, aluminium and copper which will cost their producers $2.3 billion between Aug. 1 and Dec. 31, its officials told a government meeting on Thursday.
Rusal sees investment in modernisation at four of its plants at around $5 billion, the Russian aluminium producer told Reuters, citing its preliminary estimate.