China Mining News

Profitable coal trade beckons buyers brave enough to test China

It’s high quality and the price is a bargain, but the risk may be too great for Chinese buyers looking for a quick profit.

How countries are getting tougher with mining companies

A mix of political populism, higher commodity prices and the expectation electrification will spur demand for raw materials has led governments to change the rules for miners operating in their countries.

Iron ore prices shift structurally higher on Vale woes

Iron ore prices in China reached a record high on Tuesday as market participants wrestled two dilemmas, namely the weather-related disruptions from Australia and the safety outages in Brazil.

Commodities' best quarter since 2016 is tough act to follow

Commodities had their best quarter in almost three years, but demand outlook is running into troubling signs in the U.S. and China, the two biggest consumers.

Government officials call for output control at Chinese steel mills

Profits are being squeezed by rising raw material prices, largely caused by production disruptions at Vale SA after the Brumardinho disaster.

Seven killed in China plant explosion; second deadly blast this month

Sunday's blast involved a container of scrap metal that exploded in the outdoor yard of a metal-molding plant.

China's Chalco leapfrogs Rusal as 2nd-biggest listed aluminium producer

Chalco said on Friday it boosted annual aluminium output by 16 percent in 2018.

Jiangxi Copper 2018 profit rises 52.4% on hedging gain

The Nanchang-based company posted net income of 2.45 billion yuan for last year, up from 1.61 billion yuan in 2017.

China boosts coal mining capacity despite climate pledges

China added 194 million tonnes of coal mining capacity in 2018 despite vows to eliminate excess capacity in the sector and to reduce fossil fuel consumption.

China's Feb coking coal imports from Australia fall 21%

Australian imports were at 1.16 million tonnes last month, compared to 1.47 million tonnes in February 2018.

China dumped steel wheels on U.S. market — Commerce Dept

U.S. imports of steel wheels from China were valued at $388 million in 2017.

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.

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.

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.