China Mining News

Tug-of-war: China's steel sector grapples short-term bulls, longer-term bears

China's steel sector is currently locked in a struggle between largely bearish longer-term structural factors and short-term cyclical influences, some of which are bullish.

Chinese electric vehicle makers are gorging on nickel

New report shows in January 2019, the Chinese market saw 253% more nickel deployed in passenger EV batteries compared to a year ago.

Zinc price builds on 2019 rally as stocks reach just 2 days consumption

Inventories are down 55% this year and are on course to reach levels last seen in 1990.

U.S. sanctions Venezuelan gold company for supporting Maduro

This is the sixth round of sanctions since January by the U.S., which is seeking to wrest power and the military’s loyalty away from Maduro.

Chinese iron ore prices gain for sixth day on Vale disruptions

The most-traded iron ore contract for May delivery on the Dalian Commodity Exchange closed up 0.2% at $94.66 a tonne.

Top Philippine nickel miner says 2019 ore sales steady, exports to China to fall

Nickel Asia accounts for about half of the nickel ore output in the world's second-biggest supplier of the metal.

Russian diamond miner Alrosa wants controlling stake to mine in Zimbabwe

Alrosa will assess Zimbabwe's diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project.

Chinese go-slow on Australian coal imports may be starting to show

Chinese coal traders are reported to have cut back on buying from Australia after the length of time taken by customs to clear cargoes reportedly doubled.

Rio Tinto rejects push by activist shareholders to reveal emission targets

Miner has hit back at a push to make it more accountable for carbon emissions produced by its customers, including Chinese steel makers.

China Jan-Feb refined copper output rises 6.3% year-over-year — stats bureau

Output reached 1.34 million tonnes, the National Bureau of Statistics said on Friday.

Russia, China to buy 10% in Onexim Group's mining company

Intergeo, a part of Onexim Group, is developing Russia's second largest nickel deposit and one of Russia's top-5 copper reserves.

China becomes world's biggest importer of rare earths – analysts

For least seven key rare earths - including praseodymium, used in magnets, and yttrium, used in ceramics - China was a net importer in 2018 for the first time in more than 30 years.

Mining's dirty secret faces a climate reckoning

Producing a single metric ton of steel in a blast furnace typically releases around 2.3 tons of carbon dioxide, not much less than you’d get from burning a ton of thermal coal for energy.

Malaysia puts bauxite mining ban on hold until impact studies completed

Miners wishing to resume operations or start new ones must conduct a study on the environmental impact of their activities before receiving licences.

Mixed signals for China steel and iron ore point to prices drifting lower

More certainty is needed on the demand outlook before prices can lock in a definitive direction.

'Zombie' enterprises hampering China's economic transformation – Chinalco

For years, such enterprises have survived on bank loans and local government backing, robbing more deserving companies of financial resources that could have otherwise contributed to local growth.

LME launches seven new contracts to try to boost volumes, profit

The steel and alumina contracts have the best chance of succeeding, according to analysts, traders and other industry sources.

China iron ore futures hit lowest in March so far on steel curbs

The drop in futures mirrored weakness that has prevailed in the physical market since last week, as steel mills reduced output to comply with anti-smog measures.

Trump touts aluminum-cost drop, but Americans still pay more

President Donald Trump took a victory lap on Twitter Friday, saying aluminum prices are down about 12% since his tariffs were implemented.

Indian gold flips to premium as appetite improves in most hubs

Physical gold demand picked up pace in major Asian hubs this week, with bullion being sold at a premium for the first time in more than three months in India.

Tianqi Lithium to name three directors to SQM board next month

The world’s No.3 producer of the metal used in electric vehicle batteries said the candidates will be “fair” and “responsible toward shareholders”.

Copper price: Chinese concentrate imports hit monthly record

Smelter expansions have increased demand and competition for copper concentrate in China with imports nearing 2m tonnes in February.

Tin's bright electric future poses supply problem

Research by the Massachusetts Institute of Technology (MIT) projected that tin could be the metal with the most to gain.

China's iron ore futures fall as anti-smog measures weigh

The level 1 alert, the highest in China's four-tier pollution warning system, has been in place since March 1 and requires steel mills to curb output by 40%-70%.

China has not changed coal import policy this year – customs official

Comments came after Reuters reported that Chinese customs authorities had stepped up environment and safety checks on foreign cargoes