China Mining News

US probe darkens Glencore horizons from Africa to Americas

Investigation is casting a wider net with the addition of Venezuela and Nigeria to its investigation, increasing the likelihood that Glencore’s management will get bogged down in a lengthy legal process.

Former Rio Tinto exec jailed for corruption in China let free

The ex-head of iron ore business in China, Stern Hu, spent almost nine years in a Shanghai prison after a 2010 conviction for corruption and industrial espionage.

Indonesia extends Freeport operating permit for Grasberg

Indonesia has extended an operating permit for Freeport's Grasberg copper-gold mine while discussions over long-term rights continue.

Glencore hammered as US requests documents in corruption probe

Shares fell as much as 13% after the miner and commodities trader was told by US Department of Justice to produce documents on Nigeria, Congo and Venezuela.

China's Baowu to move some iron, steelmaking capacity to middle and southern regions

China's top steel maker China Baowu Steel Groups move is in line with Beijing's goal push to relocate heavy industries from polluted and crowded regions to places with less environmental pressure.

Chinalco halts Guangxi rare earth operations after environmental lapses

It is not the first time Chinalco, China's biggest state-owned aluminium producer, has run afoul of the country's ever stricter environmental regulations.

Tenaris laying off Canada workers as Trump's steel tariffs bite

Teneris will lay off 40 workers at its TenarisAlgomaTubes plant in Ontario and adjust output there because of the U.S. tariffs on steel and aluminum imports.

China’s No.1 maker of battery cells for EVs to build plant in Germany

A German battery plant could help ease an expected negative impact in the workforce employed by the local automotive industry.

China Zinc smelters plan to cut output by 10%

Smelters seek to address low zinc prices and treatment charges.

Zinc's horror run continues on rising supply, trade-war angst

Zinc continued to slide after entering a bear market amid concern about increased supply and declining demand.

Gold seen fighting back as dollar rebound is poised to reverse

While trade tensions haven’t yet provided much support, an escalation combined with a slide in the dollar could lift prices.

Take the long-term view in a late-cycle market

Inflation is set to get an even bigger jolt now that Trump has formally approved 25 percent tariffs on as much as $50 billion of Chinese goods.

China's Zhejiang Yongjin to launch $276m stainless steel project

The project is scheduled to launch by the end of 2020, producing high-quality stainless steel strips with an annual capacity of 680,000 tonnes.

Copper sinks on the wrong sort of supply disruption: Andy Home

Disruption to copper's supply chain has taken place at the refined metal segment of the chain, distorting trade flows but not directly removing units from the supply-demand balance.

Lithium demand from battery makers to almost double by 2027

Strong demand growth will be largely focused on high-grade lithium, according to research firm Roskill.

Automakers spending $255B on EVs a 'pile-up of epic proportions'

Battery materials can charge mining's next supercycle but new study says automakers will "throw away tens of billions" making electric vehicles no-one wants.

Resurgent coal exporters should be wary of blinkered optimism: Russell

Coal miners supplying Asia's rapidly growing economies have plenty to be optimistic about as prices and demand appear robust, but they should be wary.

Global copper output up 7.1 pct in first three months of 2018

Miners around the globe produced 330,000 more tonnes of copper between January and March this year than in the same period of 2017, helped by higher production in world’s leader Chile.

More than 20 Philippine mines pass govt review, 4 fail — official

The panel reviewed the 27 mines in the world's No. 2 nickel ore supplier that former Environment and Natural Resources Secretary Regina Lopez ordered closed or suspended last year.

Cobalt stocks in China set for new surge as EV boom rolls on

A slump in cobalt prices and the shares of Chinese refiners may provide an ideal bargain-hunting opportunity for investors.

Trump threatens almost all imports from China as Beijing fires back

The threat of new tariffs against China pits the world's two largest economies against each other and looks set to disrupt global supply chains for the tech and auto industries.

Indian regulator approves Nutrien’s sale of stake in SQM to Tianqi

The Competition Commission of India green-lighted the $4.1 billion deal reached in May between the Canadian potash giant and China’s Tianqi Lithium.

Chile antitrust watchdog probing Tianqi buy of lithium miner stake

The country's antitrust regulator is investigating the effects on the market of Chinese miner Tianqi Lithium acquisition of a 24% stake in SQM, the world's second largest lithium producer,

Rio Tinto to start building massive Koodaideri iron ore mine in 2019

First production from the Pilbara-based project, which it says it’s one of the world’s most technologically advanced, is expected in 2021.

China marks cobalt, copper ascendancy in Congo with new group

The 35-member union includes China Molybdenum Co.-controlled Tenke Fungurume Mining and MMG Ltd., as well as subsidiaries of China Nonferrous Metal Mining Group and Huayou Cobalt Co. Sicomines, among others.