The deal is to supply 15 million tonnes of nickel ore over a period of five to eight years, beginning March 2020.
China Mining News
Aluminium smelters in China are struggling to make money at current Shanghai aluminium prices resulting in significant output cutbacks.
Often cited as a market indicator for economic health, the metal has been under pressure since the summer, threatening to unwind a three-year rally.
Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years
Global capacity utilisation in the steel sector has risen to 76% this year from 73% last year, indicating excess capacity in the sector is shrinking.
Supply scarcity and the resulting price volatility are the two biggest hurdles to vanadium's potential bright electric future.
The premiums, paid on top of benchmark three-month London Metal Exchange (LME) prices, fell 10.7% from Friday's levels to $62.50 a tonne, the lowest since June 2017.
The macro picture may have brightened just a little after the weekend meeting of the U.S. and Chinese presidents, but signs the global economy is losing momentum, do not bode well for metals demand.
It’ll be an important week for iron ore, which has been badly beaten up in November.
China's biggest state-run aluminium producer has decided to make around 470,000 tonnes of annual output at units including Shanxi Huasheng and Shandong Huayu subject to "flexible" output arrangements.
As steel prices slid, Chinese mills ran up losses for the first time in three years this month, ending years of solid profit margins.
Fears over slowing Chinese growth and impact of trade war with the US removes floor under iron ore price.
China's steel prices tumbled more than 5% to a five-month low as persistent worries over weaker demand pushed the sector into a bear market, sparking a selloff in raw materials iron ore and coking coal.
The company is selling its 69%-stake in Rossing Uranium Limited, which owns the Namibian mine, to China National Uranium Corporation (CNUC).
According to Fitch Solutions, slightly higher prices and stronger company financial positions are encouraging greater mine investment.
Global iron ore production will grow due to mine expansions in Brazil and increasing output from India.
Xinfa Group won't have to cut metal production in its home city of Liaocheng this winter and will only have to reduce alumina output by 10% for two months.
It was supposed to be a year of mine disruptions, with the market anticipating that multiple labour contract expiries would result in at least one strike.
Chinese production dropped sharply last month, and unless the Shanghai market can break out of its downtrend, more smelter casualties seem likely.
Expectations of a supply avalanche hitting the nickel market next year due to new capacity in Indonesia have sent prices to seven-month lows, but analysts doubt the plans spearheaded by Chinese firms can be carried out so quickly.
The global energy-storage market will surge to a cumulative 942 gigawatts by 2040.
Natural disasters and glitches at their ageing facilities have prevented Nippon Steel from producing as much steel as they had planned.
Chinese and Canadian authorities have approved the Zijin's bid to buy Nevsun Resources.
China National Coal Group will supply in 2019 more than 97 million tonnes of coal to six utilities, with volumes rising in each subsequent year of the deals.
Palladium prices are shattering record highs.