China Mining News

Indonesia's Silkroad Nickel inks $290m offtake agreement

The deal is to supply 15 million tonnes of nickel ore over a period of five to eight years, beginning March 2020.

China aluminium smelter shuts 250,000 tonne capacity, eyes Sichuan move

Aluminium smelters in China are struggling to make money at current Shanghai aluminium prices resulting in significant output cutbacks.

China's copper, iron ore imports slump as economic growth slows

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.

Losing licence to operate new and biggest threat to miners — EY

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

Vale says recent dip in global steel prices is temporary

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.

Vanadium's electric future hobbled by its industrial past

Supply scarcity and the resulting price volatility are the two biggest hurdles to vanadium's potential bright electric future.

China copper premiums slump to 18-month low as demand wanes

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.

Trade war relief for metals, but bull-bear battle rages on: Andy Home

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.

What to watch in commodities: Trump-Xi, OPEC, iron, Tesla, crops

It’ll be an important week for iron ore, which has been badly beaten up in November.

China's Chalco shuts 470,000 tonnes of aluminium capacity as price slump bites

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.

China iron ore hits 4-1/2-month low, steel market under pressure

As steel prices slid, Chinese mills ran up losses for the first time in three years this month, ending years of solid profit margins.

Iron ore price craters 8%

Fears over slowing Chinese growth and impact of trade war with the US removes floor under iron ore price.

China's steel slides into bear market; iron ore, coal hit by selloff

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.

Rio Tinto sells stake in Rossing uranium mine to China

The company is selling its 69%-stake in Rossing Uranium Limited, which owns the Namibian mine, to China National Uranium Corporation (CNUC).

Gold production to grow in the next four years: report

According to Fitch Solutions, slightly higher prices and stronger company financial positions are encouraging greater mine investment.

Global iron ore market well supplied, growth in production ahead — reports

Global iron ore production will grow due to mine expansions in Brazil and increasing output from India.

China aluminium smelter Xinfa granted winter cut exemption – documents

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.

Copper benchmark deal signals shifting supply dynamics in 2019: Andy Home

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.

China's aluminium output drops as Shanghai price sinks: Andy Home

Chinese production dropped sharply last month, and unless the Shanghai market can break out of its downtrend, more smelter casualties seem likely.

Doubts cast on plans for deluge of new nickel supply

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 battery boom to attract $620 billion in investment by 2040

The global energy-storage market will surge to a cumulative 942 gigawatts by 2040.

Nippon Steel braces for weaker prices amid fears over China slowdown

Natural disasters and glitches at their ageing facilities have prevented Nippon Steel from producing as much steel as they had planned.

China’s Zijin clears last regulatory condition for $1.4B Nevsun takeover

Chinese and Canadian authorities have approved the Zijin's bid to buy Nevsun Resources.

China National Coal signs 5 year supply contracts with state utilities

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.

China's fight against smog makes palladium 2018's best metal

Palladium prices are shattering record highs.