China Mining News

Saudi Arabia and Iran reignite the oil price war

The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers.

Copper price falls as China investment grows at slowest pace on record

Called off strike at world's largest copper mine adds to pressure on copper price now down nearly 20% in little over two months.

China's Ganfeng grabs SQM's stake in Argentinean lithium project

The $87.5-million deal is the latest Chinese acquisition of a lithium project in South America, following Tianqi Lithium’s decision to buy 24% of SQM for $4.1 billion, which has not yet been approved by Chile’s antitrust regulator.

China may end up inadvertent winner from Trump's aluminium tariffs: Russell

It's probably not what U.S. President Donald Trump had in mind when imposing tariffs on aluminium imports, but it looks likely that some of the big winners from the 10% import tax will be China's producers.

Soviet collapse echoes in China’s Belt and Road

Like the Soviet Union in the 1970s, China is coming to the end of a long labor-force boom and hoping that an orgy of investment will keep the old magic going while stabilizing its fraying frontiers.

Auto industry’s use of lithium-ion batteries to grow seven-fold by 2025

The need to store electricity, generated by renewable energy sources such as wind and solar, will also help demand to grow, the Metal Bulletin says.

Shanghai rebar dips from 6-yr high; tradespat escalates

Rebar open interest falls to lowest in 4 months.

Graphite: China’s H1 exports of natural graphite up 9% on previous year

Demand for spherical graphite continues to grow rapidly for use in the anodes of lithium-ion batteries.

Coal miners to see improved finances: Fitch

The market research firm states that despite coal being an increasingly targeted commodity on environmental protection grounds, the demand remains strong.

Sole supplier puts cobalt (and EV) market at risk: IEA

For the International Energy Agency, having the Democratic Republic of Congo as the supplier of almost 60 per cent of the global production of cobalt is a risky business.

More northeast China cities cancel alumina projects amid public backlash

China alumina, aluminium output set for repeat curbs this winter.

China's Shandong province cuts steel and coal capacity in environment plan

Shandong's Environmental Protection Bureau said it would cut pig iron production capacity by 600,000 tonnes and crude steel by 3.55 million tonnes by the end of this year.

China plans tariffs on $60B of US goods in latest trade salvo

China proposed retaliatory tariffs on $60 billion worth of US goods ranging from liquefied natural gas to some aircraft.

White House escalates China trade dispute to secure early breakthrough: Kemp

Trump has reportedly rejected a plan to levy tariffs of 10 percent on an additional $200 billion of imports from China and ordered aides to prepare a proposal for tariffs at the higher rate of 25 percent.

China stands its ground after Trump amps up tariff threats

China vowed on Thursday to retaliate if the United States acted on a threat to raise tariffs on the Asian nation's exports, fueling fears in financial markets that the trade war between the world's two biggest economies would escalate.

Barrick Gold makes China investor push as markets slump

Barrick Gold Corp will make a bigger push to attract institutional investors in China under a new deeper-ties pact with Shandong Gold, aimed at bolstering its shareholder base, executives told Reuters.

Rio Tinto down despite $7.2bn cash return to investors

Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts.

Falling Chinese electric car production wrenches lithium price

The world’s automakers “don’t worry about lithium supply anymore” – Simon Moores.

Battery chemical surplus sparks plunge in cobalt price

A surplus of cobalt chemicals used to make the rechargeable batteries that power electric vehicles has seen Chinese refiners switch to producing metal, sending prices down 30 percent in recent months.

A turbulent year for alumina market could get still worse

Alumina is having a turbulent year.

Copper price bears shrug $280B China stimulus package

And Chuquicamata stoppage, looming Escondida strike.

Chinese investors plan $10 bn metallurgical complex in South Africa

South Africa's President Cyril Ramaphosa on investment drive.

China's gold output falls 7.9 pct in H1 -Xinhua

The country is the world's biggest gold producer and gold consumer.

Tianqi goes ahead with $382-million Greenbushes lithium mine expansion

The expansion, on top of a $238 million upgrade due for completion in April, will double the mine’s production to 1.95 million tonnes a year of lithium concentrate a year from 2020.

Nutrien sells stake in Arab Potash to China’s SDIC

The $502-million transaction makes the Chinese company Arab Potash's majority shareholder.