China has been accumulating a lot of bullion over the past decade. It is also the largest producer of gold in the world and – along with India – one of the biggest consumers of the yellow metal.
China Mining News
Lacklustre performances by small mining companies on the London Stock Exchange are driving rivals in need of cash to find alternative ways to raise capital.
BMI Research raised the 2018 aluminium price forecast to $2,000/tonne, from a previous forecast of $1,900/tonne.
Fortescue Metals Group reported slight rise in fiscal first-quarter iron ore shipments, also warned its ore was selling at a greater discount than expected.
Australian politicians told China of government approvals for controversial A$16.5-billion ($13-billion) coal mine project being built by Adani Enterprises.
Among other geopolitical developments, the drop is attributable to investors getting calmer over the news that China's economic policy will see few changes in the near future.
Lower grades managed to eke out small gains, while higher grades were under pressure.
Dictatorship was number two supplier of metallurgical coal to China after Australia before latest UN sanctions.
President Xi's enormous power means his pet projects like One Belt–One Road and Xiongan New Area will receive the full backing of the state.
The agency is urging mining companies to put safety first and avoid erecting dams using methods that are known to be high risk.
Price of iron ore declines ahead of Chinese winter steel output cuts, widening Kobe Steel scandal.
Refined copper production was 774,000 tonnes last month, up 3.3 percent from 749,000 tonnes in August, according to the NBS data.
China’s top nickel producer, will next year start building a new project in Guangxi that will produce raw materials for electric vehicle (EV) batteries, its chairman said, looking to tap the sector’s “explosive” demand.
The economic stance adopted by the new leaders will be crucial given China’s recent economic slowdown.
Mills in some northern Chinese cities ordered to cut output, acting on government policy to fight smog caused by pollution from industrial plants.
"[W]e expect growth in China to ease modestly over the short-term, as monetary policy tightens and housing and automotive markets soften," Mackenzie said.
Iron ore production rose 3.3% compared with the same period last year to hit a fresh quarterly record of 95.1 million tonnes.
Chinese buyers are rumoured to be the key targets of the sale.
The Chinese government’s Made in China 2025 initiative will have a significant impact on copper demand in China, according to new research commissioned by the International Copper Association.
Despite new report predicting zero steel demand growth in top consumer China.
Strength of Chinese economy continues to surprise as country's leaders gather to set out economic goals.
These encouragements by China’s state planner aim to secure enough supplies for this winter as coal power plants ramp up inventory for peak demand season.
After strong growth in 2017 driven by demand from top consumer China, global steel demand growth is expected to slow to 1.6 percent next year.
As Beijing seeks to boost use of more renewable energy and cut coal dependence, NEA recommends that more small-scale wind projects be built closer to users.
Lepanto was among more than two dozen companies ordered halted by a sacked minister who led an environmental crackdown.