One of the highest-profile copper bulls is back predicting new price records, as Donald Trump’s threat of tariffs drains global stocks and creates what he sees as unprecedented opportunities for trading profit.

Some of the world’s biggest energy traders are making waves in global metals markets by taking positions so large that they prompted questions from the London Metal Exchange.

Shares of Northern Dynasty Minerals Ltd. jumped more than 30% on Monday after President Donald Trump invoked emergency powers last week to strengthen U.S. critical mineral production.

Providing an update on the timing of the release of the definitive feasibility study (DFS) on the Flat Mines Project, part of the Okiep copper project, in the Northern Cape, JSE- and ASX-listed Orion Minerals reports that the company’s board and partners are progressing the internal review process.

Rio Tinto has partnered with Edify Energy to secure reliable and cost-effective renewable energy for its Gladstone aluminium operations in Queensland.

Russian aluminum giant Rusal on Friday said it had agreed to buy a 26% stake in an Indian alumina refinery owner for $243.75 million and to acquire up to 50% in stages, a move that should reduce its reliance on third-party raw materials.

Top copper supplier Codelco is warning that production this quarter will be similar or slightly below year-ago levels due to maintenance work, though its annual growth target remains intact.

Copper miner Freeport Indonesia hopes to secure a permit soon to export copper concentrate, after the mining minister approved a revision of its annual business plan, the company’s chief executive said on Thursday.

Copper rose as a weakening dollar made commodities cheaper for many buyers, while tariff-induced fears around global growth kept gains in check.

Ontario has agreed to suspend its 25% surcharge on electricity exports to three U.S. states, Premier Doug Ford announced on Tuesday, while U.S. President Donald Trump said he’d “probably” reduce proposed tariffs on Canada.