The $87.5-million deal is the latest Chinese acquisition of a lithium project in South America, following Tianqi Lithium’s decision to buy 24% of SQM for $4.1 billion, which has not yet been approved by Chile’s antitrust regulator.
China Mining News
It's probably not what U.S. President Donald Trump had in mind when imposing tariffs on aluminium imports, but it looks likely that some of the big winners from the 10% import tax will be China's producers.
Like the Soviet Union in the 1970s, China is coming to the end of a long labor-force boom and hoping that an orgy of investment will keep the old magic going while stabilizing its fraying frontiers.
The need to store electricity, generated by renewable energy sources such as wind and solar, will also help demand to grow, the Metal Bulletin says.
Rebar open interest falls to lowest in 4 months.
Demand for spherical graphite continues to grow rapidly for use in the anodes of lithium-ion batteries.
The market research firm states that despite coal being an increasingly targeted commodity on environmental protection grounds, the demand remains strong.
For the International Energy Agency, having the Democratic Republic of Congo as the supplier of almost 60 per cent of the global production of cobalt is a risky business.
China alumina, aluminium output set for repeat curbs this winter.
Shandong's Environmental Protection Bureau said it would cut pig iron production capacity by 600,000 tonnes and crude steel by 3.55 million tonnes by the end of this year.
China proposed retaliatory tariffs on $60 billion worth of US goods ranging from liquefied natural gas to some aircraft.
Trump has reportedly rejected a plan to levy tariffs of 10 percent on an additional $200 billion of imports from China and ordered aides to prepare a proposal for tariffs at the higher rate of 25 percent.
China vowed on Thursday to retaliate if the United States acted on a threat to raise tariffs on the Asian nation's exports, fueling fears in financial markets that the trade war between the world's two biggest economies would escalate.
Barrick Gold Corp will make a bigger push to attract institutional investors in China under a new deeper-ties pact with Shandong Gold, aimed at bolstering its shareholder base, executives told Reuters.
Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts.
The world’s automakers “don’t worry about lithium supply anymore” – Simon Moores.
A surplus of cobalt chemicals used to make the rechargeable batteries that power electric vehicles has seen Chinese refiners switch to producing metal, sending prices down 30 percent in recent months.
Alumina is having a turbulent year.
And Chuquicamata stoppage, looming Escondida strike.
South Africa's President Cyril Ramaphosa on investment drive.
The country is the world's biggest gold producer and gold consumer.
The expansion, on top of a $238 million upgrade due for completion in April, will double the mine’s production to 1.95 million tonnes a year of lithium concentrate a year from 2020.
The $502-million transaction makes the Chinese company Arab Potash's majority shareholder.
The dollar erases most of its gains and treasuries strengthened after President Donald Trump criticized the Federal Reserve for raising interest rates.
Copper crashed through $6,000 a metric ton for the first time in a year and is headed for its biggest monthly drop since 2015.