China Mining News

Glencore boss Ivan Glasenberg to retire in 3-5 years — report

He is said to have already begun training three to four people to succeed him in the job.

Boom in EV batteries helps suppliers older than Ford’s Model T

Brazil's Vale expects the EV revolution to boost battery market nickel demand to as much as 700,000 tons in 2025, from just 36,000 tons this year.

Chinese rescuers race to save workers trapped in mine accident -Xinhua

A rock burst at around 11 p.m. on Saturday destroyed part of a water drainage tunnel in a coal mine.

NMC batteries dominating EV – sales to reach 63% of global market

NMC cathodes currently account for nearly 28% of global EV sales, forecast to grow to 63% by 2027.

China Sept coal output hits 9-month high as new capacity starts up

China ready to bring on the heat as the official heating season starts on Nov. 15.

Slower orders for Atlas Copco spooks industry rivals too

Atlas Copco’s shares fell 9 percent at 1149 GMT, dragging Nordic industrial peers such as Sandvik and SKF lower, and also hitting German vacuum gear rival Pfeiffer Vacuum.

HKEX's mainland China commodity trade platform launches

The first spot transaction sees 3,000 tonnes of alumina change hands at $437.23 a tonne.

China's Shandong Zhaojin seeks South American mining assets

The company has set up a representative office in Machala, capital of Ecuador's El Oro province, historically a gold-producing region, and will use this as a base to participate in South American projects.

Mountain Province Diamonds latest sale nets $24 million

Mountain Province Diamonds is a 49% participant with De Beers in the Gahcho Kué diamond mine.

Rising iron ore prices seem to defy economics

China’s switch from industrial-led to consumption-led growth seems to be showing up everywhere except the production numbers of iron-ore miners.

China's Zijin sees 2018 gold output at about 37 tonnes

The company's gold output will be flat or a little lower than last year, Zijin Chairman Chen Jinghe told Reuters on the sidelines of a conference in Tianjin.

Zinc, lead, other metals debut trading on Shanghai physical platform

Total volume reached 252 million yuan ($36.3 million).

China seen sustaining recovery in global mining M&A

A rebound in mining mergers and acquisitions is set to continue into 2019, as a dearth of exploration spending leaves the industry in need of fresh investment.

China chloralkali industry key driver of world salt market growth – report

World salt exports rose to 64 million tonnes in 2017, up 10 million tonnes from 2016.

Chinese electric car makers, nurtured by state, now look for way out of glut

Government promises action, raising fears of consolidation.

Alcoa to close two Spanish aluminium plants with job losses

The Aviles and La Coruna plants were two of the least productive due to intrinsic structural problems such as inefficient technology and high fixed costs.

BHP’s 1st quarter iron ore output jumps 8%, cuts copper guidance

BHP's iron ore output rose to 69 million tonnes during the three months ended Sept. 30.

Why conflicted copper shows little consensus

World warehouse stocks are dropping, down 50% since the first of April.

Copper smelter hits cause physical squeeze in Asia

The copper market is currently experiencing a squeeze on physical metal which is unexpected.

Dutch battery maker to invest $1.9B in China cell factory

Dutch battery maker Lithium Werks BV, founded earlier this year, is investing 1.6 billion euros ($1.85 billion) in a massive lithium-ion cell factory in China as demand for batteries is surging.

Global steel body hikes demand forecasts, but says risks remain

Steel demand expected to rise by 3.9% in 2018, but trade tensions are clouding global economic outlook.

Alumina wake-up call for the aluminium supply chain

No one will be taking alumina for granted any more.

Europe to spend billions on lithium-ion battery plants

The goal is to reduce reliance on batteries from Asia, particularly China and South Korea.

The electric-vehicle future will run on two wheels: Adam Minter

E-bikes would require compact, lightweight, and reliable lithium-ion batteries similar to those that power everything from iPhones to Teslas.

What's next as Tianqi, SQM face off in Chile court

On Oct. 11, Chile's Constitutional Court put the brakes on a $4 billion deal allowing the sale of A 24 percent stake in SQM to China's Tianqi Lithium Corp.