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.
China Mining News
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 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 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.
Profits are being squeezed by rising raw material prices, largely caused by production disruptions at Vale SA after the Brumardinho disaster.
Sunday's blast involved a container of scrap metal that exploded in the outdoor yard of a metal-molding plant.
Chalco said on Friday it boosted annual aluminium output by 16 percent in 2018.
The Nanchang-based company posted net income of 2.45 billion yuan for last year, up from 1.61 billion yuan in 2017.
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.
Australian imports were at 1.16 million tonnes last month, compared to 1.47 million tonnes in February 2018.
U.S. imports of steel wheels from China were valued at $388 million in 2017.
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.
New report shows in January 2019, the Chinese market saw 253% more nickel deployed in passenger EV batteries compared to a year ago.
Inventories are down 55% this year and are on course to reach levels last seen in 1990.
The most-traded iron ore contract for May delivery on the Dalian Commodity Exchange closed up 0.2% at $94.66 a tonne.
Nickel Asia accounts for about half of the nickel ore output in the world's second-biggest supplier of the metal.
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 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.
Output reached 1.34 million tonnes, the National Bureau of Statistics said on Friday.
Intergeo, a part of Onexim Group, is developing Russia's second largest nickel deposit and one of Russia's top-5 copper reserves.
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.
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.
Miners wishing to resume operations or start new ones must conduct a study on the environmental impact of their activities before receiving licences.
More certainty is needed on the demand outlook before prices can lock in a definitive direction.
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.