China Mining News

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.

LME launches seven new contracts to try to boost volumes, profit

The steel and alumina contracts have the best chance of succeeding, according to analysts, traders and other industry sources.

China iron ore futures hit lowest in March so far on steel curbs

The drop in futures mirrored weakness that has prevailed in the physical market since last week, as steel mills reduced output to comply with anti-smog measures.

Trump touts aluminum-cost drop, but Americans still pay more

President Donald Trump took a victory lap on Twitter Friday, saying aluminum prices are down about 12% since his tariffs were implemented.

Indian gold flips to premium as appetite improves in most hubs

Physical gold demand picked up pace in major Asian hubs this week, with bullion being sold at a premium for the first time in more than three months in India.

Tianqi Lithium to name three directors to SQM board next month

The world’s No.3 producer of the metal used in electric vehicle batteries said the candidates will be “fair” and “responsible toward shareholders”.

Copper price: Chinese concentrate imports hit monthly record

Smelter expansions have increased demand and competition for copper concentrate in China with imports nearing 2m tonnes in February.

Tin's bright electric future poses supply problem

Research by the Massachusetts Institute of Technology (MIT) projected that tin could be the metal with the most to gain.

China's iron ore futures fall as anti-smog measures weigh

The level 1 alert, the highest in China's four-tier pollution warning system, has been in place since March 1 and requires steel mills to curb output by 40%-70%.

China has not changed coal import policy this year – customs official

Comments came after Reuters reported that Chinese customs authorities had stepped up environment and safety checks on foreign cargoes

Chinese steel mills delay iron ore restocking, eye cheaper alternatives

Mills are also avoiding major suppliers like Vale, Rio Tinto, BHP Group and Fortescue Metals.

Asia Gold-India demand picks up as prices dip; buyers eye further correction

Gold priced in yen rose to its highest level in more than a year last week.

China's strong imports help explain low LME metal stock

Refined metal has been flowing in significant quantities to China, reducing availability in the rest of the world.

China's 2018 coal usage rises 1%, but share of energy mix falls

China's coal consumption rose for a second year in a row in 2018, but coal's share of total energy consumption fell below 60 percent for the first time.

Junkyard palladium growing as an answer to disappearing resource

Recyclers can recover about 90 percent of the metal from catalytic converters in junked cars for a fraction of the cost of mining it.

Coal's perfect storm rattles home to $50B new projects

It’s been a tough few weeks for Australia’s coal industry.

China's Dalian exchange to allow individual foreign investors to trade iron ore futures

China's Dalian Commodity Exchange said on Tuesday it would allow individual foreign investors to trade iron ore futures on the bourse starting Wednesday.

Actually, Australia should be panicked about coal

One way or another, the end of the coal-export industry is looking inevitable.

China coal delays not unprecedented, Australia minister says

Processing times for Australian coal shipments have expanded to close to 40 days from about 25 days at some ports.

Europe’s push for EVs a boon to Savannah’s Portugal lithium project

The company is close to making a decision on developing Mina do Barroso mine, which could become the first European supplier of spodumene, a lithium-bearing mineral.

China's iron ore posts first weekly loss in 2019

China's steel mills appeared reluctant to restock despite the supply outage from Brazil.