China Mining News

Gold price: 9 straight years of record annual mine production

New report shows world's mines produced all-time peak of 105 million troy ounces of gold in 2017 despite 9% drop in output in top producer China.

Summing up 5 key predictions for global markets in 2018

The following graphic discusses key themes of the year such as central bank policy, European unity, China, cryptocurrencies, and emerging markets.

Palladium rally may mean auto catalytic converter price hikes coming

Increased automotive industry demand and a supply shortage boosted the price of palladium to an all-time high of $1,138.00 on Jan 15

Zimbabwe to take over steelmaker's $500 million debt

Zimbabwe plans to take on about $500 million of debt owed by state-owned steelmaker Zimbabwe Iron and Steel Company to allow company revival.

Chinese consumers are willing to buy diamond jewelry next year more often than Americans – research

ALROSA and GfK research company conducted an extensive research of diamond consumers in the US and China. What they discovered was interesting.

Rags to riches tale ends in disaster for ‘mini-Glencore’

Elman, 77, has watched another global commodity-trading powerhouse collapse before his eyes over the past year: his own.

Wood Mackenzie cuts iron ore price outlook as markets fall again

The UK-based research and consultancy group has dropped its price forecast to $63 a tonne or 12% below last year's average of $71 per tonne.

China demand and tight supplies set to sustain nickel price rally

LME nickel breaks through $14,000 per tonne.

Fortescue Q2 shipments fall, flags higher iron ore discount

The iron ore producer said shipments fell to 40.5m tonnes in the three months ended Dec. 31 versus 42.2m tonnes in the same period a year ago.

The 'quite unusual' platinum to palladium ratio

Focus on platinum-palladium prices and ratios over the past 48 years.

Robert Friedland tells Frank Holmes why copper is ready to run

Robert’s “reality distortion” was on full display during his visit.

Best-performing battery metal of the past year isn't cobalt

A metal that’s in demand for batteries is surging, and it’s not the one everyone’s talking about.

Asia Gold-Bullish price outlook stirs moderate demand

Gold prices rose on Friday, putting them on course for a near 2 percent weekly gain, in anticipation of a further dip in the U.S. dollar.

The Belt and Road impact

What are the implications for regional collaboration and the expansion of clean infrastructure?

China to surprise world with reforms in 2018, Xi adviser says

China will introduce more reform measures to open up its economy this year, according to the top financial and economic adviser to President Xi Jinping.

Caterpillar beats estimates again, delivers bullish outlook for 2018

The world's largest mining and construction equipment maker beat market expectations for fourth quarter earnings and said its sales growth momentum is expected to continue in 2018.

These are some of the top mining assets on the block

Big mining companies, restored to health following the 2015-16 price crash, are seeking to rationalize their portfolios and acquire assets in line with heightened focus on the best quality minerals and anticipated demand for battery materials.

Chinalco sees tenfold surge in profits

Aluminum Corp of China, the country's biggest state-run aluminium firm, says 2017 profits rise more than tenfold, without providing a profit figure.

2017's worst-returning precious metal becomes hedge fund darling

After lagging behind other precious metals last year, platinum is finally outperforming, and hedge funds are taking notice.

Trump trade talk helping convince China on aluminum, Alcoa says

The Trump administration’s condemnation of cheap Chinese aluminum is helping resolve overcapacity in China even before any measures are implemented.

A candidate for 'deal of the year' in British Columbia

Very rarely I come across a junior that simply seems to tick almost all boxes, and it looks like new sponsor Kutcho Copper Corp. is doing just that.

Bond market bear creating gold bull

Currently, there's a lot of good news for gold which thrives on the spectre of high government debt leading to more money-printing and inflation.

Australian shares slip slightly on Wall Street pause; NZ little changed

Wall Street fell on Thursday after a run of strong performances from the Dow Jones Industrial Average and the S&P 500 index.

Gold rally has legs on voracious China demand, bullish options

Gold’s breakneck rally eased this week, but tailwinds in both physical and paper markets suggest it’s got room to run.

These four factors will boost gold demand in 2018 — WGC

Synchronised global economic growth, shrinking central bank balance sheets, rising interest rates, insubstantial asset prices and market transparency are the trends to watch this year, the World Gold Council said.