RTB Bor copper mining and smelting complex was crucial for the country before the collapse of communist Yugoslavia. However, it later became a burden on the country’s struggling economy because of malpractices and international sanctions.
China Mining News
"It is not just China."
In July, Belgrade invited bids for a partner to invest at least $350 million in debt-laden RTB Bor but did not say how big a stake it would offer in return.
Contracts to export over 140,000 tonnes of alumina from China were signed in July amid a favourable price arbitrage.
The Nanchang-based company said its first-half net income came in at 1.28 billion yuan ($186.21 million), versus 830.2 million yuan a year earlier.
Shanghai rebar steel futures dropped nearly 1 per cent.
Baoshan reported a 62.2 percent surge on first-half net profit on firm steel prices, but warned about the risks of trade protectionism in the second half.
China Petroleum & Chemical Corp. said its half-year earnings jumped to the highest level on record as refining profits climbed.
Could OPEC be on the way out? Maybe.
The global market for surface mining trucks is expected to grow steadily to 2020, primarily driven by the growing demand from mining companies operating across the Asia-Pacific (APAC) region.
In the United States, old aluminium smelters are being brought back to life.
NFC Africa, majority owned by China Non-ferrous Metals Company Limited launched output at a new $832 million Zambian copper mine, extending the firm's lifespan by over 20 years.
China's Zijin Mining, Canadian-Finnish fund Champion and Cyprus-based U Gold have bid for a strategic partnership in RTB Bor, Serbia's only copper mine and smelter.
Advancing a nickel-copper-PGE sulphide deposits and gold in Western Australia.
Vancouver-based company Electra Meccanica has pre-orders worth $2.4 billion.
The downturn in Chinese lithium prices has also led to many false conclusions about what is really happening to the lithium price.
The final deal size could be smaller than $1 billion due to a steep drop in lithium carbonate prices.
Kenmare Resources' pretax profit for the first half of the year tripled as it shipped more finished products to China and other Asian markets.
As U.S.-China trade tensions escalated mid-June, fast-money traders flipped to a short position in metals overall.
Chinese cobalt sulfate prices continued to edge lower although the pace of decline has slowed as spot prices have fallen to below production costs.
China's largest lithium battery maker will produce nickel-rich batteries, which are cheaper to make and have longer life-spans than cobalt-based ones.
The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers.
Called off strike at world's largest copper mine adds to pressure on copper price now down nearly 20% in little over two months.
The $87.5-million deal is the latest Chinese acquisition of a lithium project in South America, following Tianqi Lithium’s decision to buy 24% of SQM for $4.1 billion, which has not yet been approved by Chile’s antitrust regulator.
It's probably not what U.S. President Donald Trump had in mind when imposing tariffs on aluminium imports, but it looks likely that some of the big winners from the 10% import tax will be China's producers.