China Mining News

Qatar steps in to buy Rosneft stake after China deal collapses

Qatar Investment Authority stepped in after the sellers -- a consortium of QIA itself and mining giant Glencore Plc -- told CEFC it wouldn’t proceed with the original deal announced in October.

WGC latest report shows how weak gold demand has been this year

Global demand dropped so much between January and March that the period became the weakest first quarter since the 2008 financial crisis.

China opens iron ore market to the world in pricing, image push

China to allow foreign investors in iron ore futures from Friday.

Mongolian Copper Corp considers international fight for Erdenet mine

State seeks enforced acquisition of MCC's Erdenet stake.

War on coal making the world's top mine owners a lot richer

Anglo American Plc, Glencore Plc and BHP Billiton Ltd. are generating the highest profits in years from their coal mines.

Mint American Eagle gold coin sales at weakest April since 2007

Meanwhile, silver coin purchases for the month rose 10 per cent higher than last year.

What to watch in commodities: aluminum, shale, Ag giants, China

Aluminum remains in focus almost a month after the U.S. introduced sanctions against United Co. Rusal, then eased off.

China's metals trade is facing a year of upheaval: Andy Home

China's trade in industrial metals looks set for significant upheaval this year as the country adapts to fast-evolving supply chains.

Australia’s Galaxy hires JP Morgan to advise on $376m-lithium project options

Australian lithium producer Galaxy Resources said it was evaluating “strategic options” for its project in Argentina, which remains in the feasibility stage.

Why the lithium bears are wrong

What the bears seem to have in common is the belief that a rush of new lithium supply will soon hit the market.

Jiangxi Copper Q1 profits rise 41.5 pct y/y on higher copper prices

Jiangxi Copper Co, one of China's top copper producers, posted its biggest quarterly profit in 3-1/2 years on Friday thanks to higher copper prices.

Asia Gold-Buyers unimpressed by price dip; India shifts to premium

Physical gold demand lacked vigour in most Asian hubs this week amid a slight dip in prices.

Up to 500,000 tonnes of alumina being exported from China as Rusal crisis bites

The sanctions against Rusal, world's second-biggest aluminium producer, have up-ended the supply chain as companies cut contracts to use Rusal metal.

China says Chile move to block $5bn SQM lithium deal could be harmful

If China’s Tianqi grabs a stake in Chile’s SQM, the world’s lowest cost lithium miner, it would mean the top three producers would control at least 80% of the total market, Chile’s government has said.

World's lithium king is ready to unleash a flood of new supply

Soc. Quimica & Minera de Chile SA sits on the world’s richest deposit of lithium and already produces more than 20 percent of the global supply.

US sanctions on Rusal shatter aluminium's supply chain: Andy Home

By extending the sanctions deadline to Oct. 23, 2018, the Treasury Department has given Rusal and the aluminium market some much needed breathing space.

Increased production at Chinese domestic coal mines lead to decline in thermal coal prices

Since a price ceiling was imposed at China’s main coal import harbour Qinhuangdao in mid-February, seaborne prices for coal have started to decline.

Australia's Fortescue iron ore shipments, price fall in Q3

The iron ore producer reported a 2 percent fall in third-quarter iron ore shipments on reduced demand in China.

Chalco Q1 profits fall 19.4 pct on lower aluminium prices

Chalco produced approximately 3.61 million tonnes of aluminium last year, according to a filing to the U.S. Securities and Exchange Commission last week.

Mining firms from China to Canada watch as Greenland holds election

China already actively seeking opportunities.

Commodities are flashing a once-in-a-generation buy signal

Since the commodities supercycle unwound nearly 10 years ago, many investors have been waiting for the right conditions to trigger mean reversion and lift prices.

Mining firms from China to Canada watch as Greenland holds election

Chinese interest in Greenland comes after Beijing expressed ambitions to form a "Polar Silk Road" by developing shipping lanes opened up by global warming.

Bolivia nearing deal on partner to develop lithium – minister

The South American nation hopes to sign a deal with a foreign partner after a decade of state-led development left output far short of goals for the metal.

China, the highly problematic saviour of the global aluminium market? Andy Home

As supply fears grow, the market's attention is turning to China as a potential source of aluminium.

Australia's Pilbara Minerals to ship first spodumene cargo to China in Aug

Spodumene is a mineral mined as a source of lithium, a key ingredient in electric vehicle batteries, for which China is the world's biggest market.