China Mining News

China’s latest mine collapse could cut coal capacity by 100mtpa

Coal prices in Shenmu and Fugu have increased by RMB10-50/t since the accident.

Electric cars seen getting cleaner even where grids rely on coal

The global share of zero-carbon electricity generation is set to increase from 38 percent last year to 63 percent by 2040.

Rare earths deja vu: Chinese crackdown = higher prices

Last week it was reported that the Chinese government published new guidelines designed to eliminate illegal mining and encourage more high-end processing.

Singapore's Alliance Minerals reframes lithium supply deal, seeks new customers

Several new Australian lithium mines started production in the past year, with global demand expected to surge on take-up of electric vehicles.

China copper imports hit record high in 2018

Annual imports of unwrought copper were buoyed by China's crackdown on scrap copper in 2018, part of its efforts to combat pollution.

China's 2018 iron ore imports fall 1%, first annual drop since 2010

The fall in iron ore purchases for 2018 came as a 70 percent plunge in profit margins since late October cut the incentive for steelmakers to ramp up output and restock raw materials.

Coal mine collapse in China's Shaanxi kills 21 – People's Daily

The accident is the deadliest reported so far this year in China's coal industry, known for its poor safety record.

Asia Gold-China premiums up on investment demand; Indian market on hold

While the general Chinese sentiment is very bullish on the gold price, in India retail buying is weak due to Khar Mass and higher prices.

China industry ministry to ban new steel project expansions – Xinhua

Miao Wei, minister of industry and information technology, said the capacity expansion ban would also apply to the cement and flat-glass industries.

China steel prices rise on consumption boost plans, trade talk hopes

China plans to introduce policies to boost domestic spending on items such as automobiles and home appliances this year.

A cold blast from China chills industrial metals markets: Andy Home

The London Metal Exchange index slumped to a one-and-a-half year low of 2730.1 on Jan. 3.

China's FX reserves fall in 2018 as slowing economy, trade war weigh

 Even if a trade agreement is reached soon, analysts say it would be no panacea for China's economy, which is expected to continue decelerating in coming months.

China adds to gold reserves for first time since October 2016

"It’s a bullish sign for gold"

Global copper market under supplied, demand on the rise — report

But over the long term, the global copper deficit is expected to shrink, and the market will shift to oversupply.

China iron ore futures hit over 2-month peak on restocking hopes

Chinese steel futures rose on Friday buoyed by expectations that steel mills would replenish their stocks of the raw material.

China to step up crackdown on rare earth sector: ministry

China launched the crackdown on the rare earth sector in 2009, with authorities claiming that illegal activities drove down global prices and made it impossible to cover the huge environmental costs of production.

China slowdown a big threat to industrial metals in 2019 — analyst

With metals ringing off the new year on a weak note, both price- and demand-wise, BMO Metals says the main questions for 2019 revolve around China and whether its government is doing enough to slow the country's economic contraction.

Defense Metals now controls Wicheeda Lake rare earth deposit

We probably have more rare earth deposits in Canada, or controlled by Canadian-listed juniors, than anywhere in the world.

A bull market storm brewing for vanadium

Traditionally used for steel production, the world is waking up to vanadium for clean energy solutions as pressure mounts to address climate change.

New era for Barrick Gold begins

Barrick now trades as GOLD in New York and continues as ABX in Toronto.

Blackwater founder launches fund to invest in electric car battery metals

The founder of the US private security company aims to raise as much as $500 million to invest in deposits of metals such as cobalt, lithium and copper.

China’s Zijin plans selling $1.2B worth of shares to fund Nevsun takeover

China’s No.1 gold miner aims to sell up to 3.4 billion A shares to investors, a plan which is subject to shareholder and regulatory approval.

Commodities cap another dismal year as '19 offers tough test

Raw materials have lost ground amid a flurry of signs the pace of expansion will slow next year.

With turmoil rampant, gold targets $1,300 as gloomy 2019 beckons

Gold is closing out 2018 with a flourish.

Year’s best major metal gains steam as supply eclipses trade woe

The price of palladium has more then doubled in the past three years.