China Mining News

Chinese iron ore and coke futures dive on steel demand concerns

Chinese coke and iron ore futures fell further in trading Thursday, amid growing concerns that steel demand in world's top producer will decline for winter.

Steelmakers surge on `precedent-setting' U.S. import ruling

U.S. Steel Corp. led gains among major American producers of the metal after the U.S. slapped duties on some Vietnamese alloys made with China imports.

Indonesia to grab Rio Tinto stake in Grasberg mine

After pumping billions into the Indonesian mine for almost 25 years, Rio might be able to see a decent return as the country’s government plans to acquire the miner’s 40% stake in the coveted operation.

Iron ore enters bull market as China's curbs supercharge steel

Spot ore with 62 percent iron content jumped 3.7 percent to $72.68 a metric ton, the highest since September 14, according to Metal Bulletin Ltd.

Chalco enlists state funds, insurers in $1.9 bln debt-for-equity swap

This move by Chalco is the latest example of the Chinese government's efforts to reduce debt at state-owned companies and make them more efficient.

Who will fund Adani's Carmichael coal mine? Not China

The shovels are in the ground at the Carmichael coal mine in Queensland but the bankers have yet to open their wallets.

Move over, Tesla! China holds the keys to electric vehicles

As the world’s largest auto market, China was responsible for about half of the sales as the crackdown on polluting industries has propelled renewable alternatives from power generation to consumer products.

Copper miners, smelters at stalemate over processing charges

China's smelters and international miners have not agreed to terms for next year's treatment and refining charges, likely prolonging negotiations into 2018.

Gold production will grow in coming years: BMI

The business intelligence firm says output will pick up, supported by higher gold prices and solid projects in key countries.

PotashCorp CEO confirms Chinese interested in lithium producer SQM

Chinese firms have shown “broad interest” in buying PotashCorp’s stake in the Chilean lithium producer SQM, according to chief executive Jochen Tilk, who declined to name interested parties or the number of bids the company has received.

Copper execs see balanced market, warn on rising costs, regulation

Representatives of major mining companies believe the global copper market will be balanced for the foreseeable future even as mine supplies tighten and demand from China, the world's top consumer, remains strong.

Iron ore will go back to $50, says Goldman Sachs

Analyst Hui Shan said that Goldman’s projections see iron ore falling to $60 a ton in three months, $55 in six and $50 in 12.

Tax payments from Minnesota's iron ore industry show lower production

Taconite-pellet plants and ore-concentrating firms produced 29 million tonnes last year, down from 33 million tonnes in 2015.

Energy consumption vs. energy production – how does your country compare?

An infographic showing the countries supplying the most energy and those who are hungry for it. The results may surprise you...

Volkswagen's talks with cobalt producers end without deal

Meetings last week between major cobalt producers including mining giant Glencore to supply world’s largest automaker Volkswagen ended without a deal.

Nickel rally stalls, electric car boost some years away

Slowing demand from China's stainless steel mills and rising supplies have halted a frenzied price rally and are likely to keep weighing on prices.

Asia gold-demand sluggish as high prices deter buyers

"Stable prices at higher levels have kept gold buying subdued," said Dick Poon, general manager at Heraeus Metals Hong Kong Limited.

Australia's Clive Palmer wins court case against China's CITIC

Palmer's Mineralogy claimed it is owed money by CITIC's Sino Iron mine in Western Australia over a failure to agree to a formula for calculating the value of the ore extracted at the site following a shift in pricing in the iron ore market.

Dalian coking coal, iron ore extend rally to 10-week high

China's coal imports dropped 21 percent in October as government moves to replace coal with cleaner fuel, iron ore prices followed coal futures higher.

Glencore sees nickel in best shape in decade before EVs take off

Miner has one of biggest deficit outlooks on back of steel use; firm doesn’t expect material EV impact on nickel until 2020.

Canada's Wealth Minerals, Chinese firm to bid for world’s largest lithium miner

The two firms are just the latest names in a long list of companies that includes major players such as Rio Tinto, interested in grabbing a stake in Chile’s Chemical and Mining Society (SQM).

Canadian diamond discoveries could close pending supply gap

With global diamond demand forecast to grow at approx 3.5% annually over next five years, a supply gap down the line seems inevitable if forecasts hold.

'Explorer of the Year' recipient convincingly updates resource in a booming zinc market

The Critical Investor profiles a company exploring a high-grade zinc property, and explains why he believes the upcoming PEA could surprise markets.

Russia's VTB Capital aims to double gold sales to China in 2018

Russia's gold-trading banks trying to increase presence in Asian markets, especially since demand for Russian gold in European trading hubs slow since 2014.

Philippines' Duterte holds open pit mining ban despite pressure

President Rodrigo Duterte's decision not only ignores demands from pro-mining groups but also from members of his own government, including the current environment minister Roy Cimatu.