China Mining News

China’s Zijin wins race for Serbia’s largest copper mine

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.

Seven new powerhouses to drive mineral demand: EMR exec

"It is not just China."

Chinese, Russian-owned companies place binding bids for Serbian copper mine

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.

China exporting alumina again as soaring prices upend market

Contracts to export over 140,000 tonnes of alumina from China were signed in July amid a favourable price arbitrage.

Jiangxi Copper reports 54 pct jump in first-half net profit

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 extends losses into 5th day after rally on output curbs

Shanghai rebar steel futures dropped nearly 1 per cent.

China's Baosteel H1 profit surges on firm steel prices, warns of trade dispute risks

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.

World's top refiner Sinopec posts record profit as oil recovers

China Petroleum & Chemical Corp. said its half-year earnings jumped to the highest level on record as refining profits climbed.

A Saudi Iran oil war could break up OPEC

Could OPEC be on the way out? Maybe.

Surface mining truck fleets in Asia Pacific to grow by 2,200 new vehicles

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.

US disrupts aluminium supply chain, but not where it counts

In the United States, old aluminium smelters are being brought back to life.

Chinese firm launches $832m Zambia copper mine

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.

Chinese, Canadian-Finnish, Cypriot firms bid for Serbia copper mine

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.

Western Australia junior gets 'conerstone' funding from Chinese battery manufacturer

Advancing a nickel-copper-PGE sulphide deposits and gold in Western Australia.

Vancouver-based electric-vehicle maker goes to market

Vancouver-based company Electra Meccanica has pre-orders worth $2.4 billion.

China's lithium price decline is not the full picture to an industry surging

The downturn in Chinese lithium prices has also led to many false conclusions about what is really happening to the lithium price.

China's Tianqi Lithium seeks up to $1 billion in Hong Kong listing

The final deal size could be smaller than $1 billion due to a steep drop in lithium carbonate prices.

Titanium miner Kenmare's H1 profit surges on stronger Chinese demand

Kenmare Resources' pretax profit for the first half of the year tripled as it shipped more finished products to China and other Asian markets.

Hedge funds turned record short on metals just before the rout

As U.S.-China trade tensions escalated mid-June, fast-money traders flipped to a short position in metals overall.

Chinese cobalt sulfate prices continue to slide but at slower pace

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 CATL to start producing next-gen low-cobalt batteries in 2019 — source

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.

Saudi Arabia and Iran reignite the oil price war

The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers.

Copper price falls as China investment grows at slowest pace on record

Called off strike at world's largest copper mine adds to pressure on copper price now down nearly 20% in little over two months.

China's Ganfeng grabs SQM's stake in Argentinean lithium project

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.

China may end up inadvertent winner from Trump's aluminium tariffs: Russell

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.