China Mining News

Gold gains $21 in 3 days on T-bond selloff

Gold enjoyed a nice lift late last week as the yellow metal cruised to $1,337.40 at the close of trading Friday in New York. 

Zinc price hits fresh decade high

“From the macro point of view, this is not an environment where you’d want to be shorting metals.”

World seaborne coal trade rose 1.5 pct in 2017 – German importers

This rise happened due to a recovery in output in producer countries such as the United States, Russia and China and an accompanying rise in export activity.

How China is locking up critical resources in the US’s own backyard

China’s global resource grab, and the ramifications for the rest of the world, are on my radar screen. Are they on yours? If not, maybe they should be.

Oil tanker still on fire in the East China Sea

The Sanchi collided with a cargo ship about 260km off the coast of Shanghai.

Vale closes sale of fertilizer business to Mosaic for $1.4 billion

Brazilian mining giant is retaining control of the TIPLAM port terminal, which was originally included in the deal.

Ivanhoe Mines and Zijin virtually triple hydroelectric output to support the Kamoa-Kakula Copper Project

Fresh Kakula resource estimate being prepared based on drilling completed to the end of December 2017.

Australia forecasts 20 pct iron ore price drop in 2018 as China demand eases

Australia expects iron ore prices to average $51.50 a tonne this year because of rising global supply and moderating demand from top importer China.

As China restricts scrap, metal companies look to process copper abroad

China told the WTO it would stop accepting certain types of foreign solid waste, including metals, in 2018 if they didn't meet stricter impurity thresholds.

Coal dwarfs battery metals in mining deals despite war on pollution

Coal and iron ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favoring the heavily polluting devil they know over the uncertainties of a battery-powered future.

Huge silver deposit discovered in Inner Mongolia

Chinese media is reporting that a large deposit of silver has been found in the autonomous region of Inner Mongolia.

China aims to supersize coal sector through mergers

China plans to create several "super-large" coal mining companies by the end of 2020 as nation ramps up years of efforts to streamline the fragmented sector.

China's steel futures fall as snow to curtail construction demand

Cold weather is expected to hit regions across China in the coming week, bringing snow and rain that may cause disruptions at construction sites, one of the biggest consumers of steel.

Commodities forge record-setting rally as BP to miners surge

The Bloomberg Commodity Index, which tracks returns on 22 raw materials, was poised for an unprecedented 15 days of gains on Thursday.

Copper price jumps after China cuts scrap imports by 94%

Beijing's clampdown on heavy industry continues to have positive impacts for miners outside the country.

Nickel prices will continue to fall: BMI

Increased supply from Indonesia and subdued demand from China are the main drivers behind the downward trend.

Goldman has more good news for copper, zinc price

Chinese supply-side reforms, environmental cuts translate into higher prices and less Chinese production, "both of which benefit ex-China producers."

Blue skies, green cars and a year of revolution for industrial metals: Andy Home

Arrival of new Silicon Valley players like Tesla and Apple to old world of metals serves to reinforce focus on environmentally clean, ethical supply chains.

2018 feels ripe for ‘big unexpected crisis,’ Eurasia group says

This year could see a geopolitical crisis on the scale of the financial crash a decade ago, Eurasia Group President Ian Bremmer says.

Moroccans continue to protest against the “mines of death"

Protesters met with authorities but no agreements were reached, so rallies are set to continue.

Thousands protest in Morocco against the “mines of death”

The city of Jerada has seen four days of massive protests.

Copper rallies to three-year high as China plant halts output

Ninth gain puts red metal on longest winning streak since 2004.

China top copper producer halts output after pollution order

Production should be halted for at least a week.

China halts oil product exports to North Korea in November as sanctions bite

Beijing also imported no iron ore, coal or lead from North Korea in November.

Asia Gold-Demand softens on higher prices, slow holiday trade

Gold demand across major centres in Asia were subdued ahead of the holiday weekend as a modest rebound in prices weighed on investor appetite.