After strong start to 2017, US steel output growth for the first six months slows to just 1.3%.
China Mining News
As steel production reaches all-time high Chinese miners pump out most iron ore since 2015 while refined copper output jumps 12% to highest in 18 months.
The United States and China failed on Wednesday to agree on major new steps to reduce the U.S. trade deficit with China, casting doubt over President Donald Trump's economic and security relations with Beijing.
Sources with knowledge of the matter told Reuters on Tuesday that China was considering a merger between the two major metals and mining firms as Beijing pushed to consolidate its bloated state-run enterprises to help increase efficiency and competitiveness.
The indefinite labour action involves 56 unions, which are protesting a government’s proposed reform they see as "anti-workers".
Prices have climbed almost 7% since Monday and almost 32% since the recent low of $53.36 a tonne hit on June 13.
From the recent low of $53.36 a tonne hit on June 13, iron ore prices have now surged more than 27%.
Big winners will be aluminum, copper, lead, lithium, manganese, nickel, silver, steel, and zinc and rare earth minerals such as indium, molybdenum, and neodymium.
Chinese economy on track for first annual growth acceleration since 2010 as industrial output surges by 7.6%.
China, with its massive aluminum sector and equally massive exports, stands accused, but the real smelter killers were much closer to home.
Met coal hits 2-month high Friday as Chinese imports of steelmaking coal from totalitarian state drops 75% during first half of the year.
Ore with 62% content in Qingdao added $1.86 overnight to close at $65.91, the highest since May 3 and 20% more than those year lows hit mid-June
Australia's New South Wales state said on Wednesday it would buy back half of a coal exploration licence from China Shenhua Energy Co Ltd , bowing to pressure from farmers and environmentalists opposed to mining on prime agricultural land.
Beijing's shuts 120 million tonnes of low-grade steel capacity in six months providing a boost for high-quality ore exporters.
Deal gives Eldorado full ownership of the Lamaque project near Val-d'Or, Quebec, which is expected to produce 123,000 ounces of gold at all-in sustaining costs of US$634 per ounce over 10 years.
The need for the metal is expected to triple by 2025, but no all the countries rich in lithium are taking advantage of that trend, as shown in these graphics.
While major global companies are part of Ghana’s mining sector, illegal gold extraction is a chronic issue in the country and deadly accidents are frequent.
Combined worth of 50 largest mining companies grow to $768 billion during first half of 2017, but a few big names drop down rankings.
China's supply of steel scrap is surging as aged buildings, bridges and cars produced over decades of rapid economic growth are knocked down, dismantled or crushed.
The flow of Indonesian nickel ore to China has resumed after a three-and-a-half year break.
Dam restrictions in China following excessive rains are also reducing hydropower capacity there, including at the world's biggest power station, forcing utilities to ramp up output at coal-fired utilities.
Only five out of the 19 illegal workers believed to have been at the pit when the accident happened have been rescued since Sunday.
Just when you thought coal was out, the fossil fuel appears to be back on the burner.
Base metals enjoy one of their best trading weeks of the year – nickel jumps 3.5%, zinc at highest since March.
Physical markets, not just futures speculation behind the latest rally