China Mining News

Tariffs lay bare Washington's rare earths dilemma

Yttrium is just one a host critical minerals on the list of Chinese imports targeted for the next escalation of the simmering trade war between the two countries.

Miners wrote off almost one-third of investments over last decade

From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.

Jiangxi Copper general manager and executives leave roles

Major managerial shake-up at the state-run Jianxi Copper.

Smelting constraints make zinc's price plunge look overdone

Expectations for a rise in zinc concentrate supplies in coming years have driven down the metal price to one-year lows, but smelting capacity constraints suggest the sell-off is premature.

China's top steel city extends pollution curbs until July 21

Tangshan, China's top steelmaking city, has extended recent emergency pollution control measures until July 21 because of a possible major smog alert.

Top-grade iron ore may spike to $100

High-grade iron ore may spike to $100 a metric ton as China intensifies a clampdown on pollution by restraining industrial activity.

Landslide at Myanmar jade mine kills at least 15, injures 45: official

This is the latest disaster in the Hpakant jade mining region.

Germany to host Europe's first EV battery plant

BMW already signed up as the factory's main client.

Trade war sends commodities to biggest drop in 5 months

China, the biggest consumer of everything from copper to coal, has warned that the proliferation of tariffs could cause a global recession.

Copper price plunges to 1-year low

Metal market mayhem with $13 billion worth of copper futures offloaded by lunchtime.

Trump started the metals rally, now he's the reason it's ending

The U.S. election of Donald Trump lit a fire under metals markets in 2016 as investors took a liking to his pro-business agenda. Now, copper and other metals are tanking as Trump’s trade war against China threatens to derail economic growth.

China’s electric car appetite spawns 77-year-old billionaire

Huh Chin-kyu has become his country’s latest billionaire thanks to increasing demand for the firm’s copper coils.

Tesla to open Shanghai plant with capacity of 500,000 cars a year

Chinese electric vehicle ecosystem continues to expand.

Invesco turns to Trump playbook for signs of a metal rebound

Escalating trade conflict between the U.S. and China has sent industrial metals to oversold territory.

Zambia delays projects to cut debt and woo IMF back to talks

The IMF has warned the southern African nation is at high risk of debt distress, while investors have grown skeptical about the amount of external loans.

Metal markets are preparing for a new world disorder

Donald Trump’s attempts to re-balance global trade have already sent the metals world into a tizzy and as countries respond to U.S. tariffs and sanctions, the disarray is set to increase.

Copper price takes another huge hit

Bears ignore soothing words about US-China trade war dropping copper to near 1-year low in frenzied trade.

China's top EV maker starts battery-swap service to lure users

Beijing Electric Vehicle Co.,is preparing for a stock-market listing and starting a battery-swap service to reduce customers’ range anxiety and keep up with similar offerings from rivals.

Iron ore slides to seven-month low as trade war fears mount

Iron ore’s starting to buckle after a series of warnings that prices are set to drop amid rising global supply, and as investors fret about the potential impact of escalating trade tensions between the U.S. and China.

Steel making raw materials hit multi-week lows in China on trade woes

Prices of steelmaking raw materials dropped to multi-week lows on Thursday as a festering trade row between China and the United States kept risk appetite low.

US probe darkens Glencore horizons from Africa to Americas

Investigation is casting a wider net with the addition of Venezuela and Nigeria to its investigation, increasing the likelihood that Glencore’s management will get bogged down in a lengthy legal process.

Former Rio Tinto exec jailed for corruption in China let free

The ex-head of iron ore business in China, Stern Hu, spent almost nine years in a Shanghai prison after a 2010 conviction for corruption and industrial espionage.

Indonesia extends Freeport operating permit for Grasberg

Indonesia has extended an operating permit for Freeport's Grasberg copper-gold mine while discussions over long-term rights continue.

Glencore hammered as US requests documents in corruption probe

Shares fell as much as 13% after the miner and commodities trader was told by US Department of Justice to produce documents on Nigeria, Congo and Venezuela.

China's Baowu to move some iron, steelmaking capacity to middle and southern regions

China's top steel maker China Baowu Steel Groups move is in line with Beijing's goal push to relocate heavy industries from polluted and crowded regions to places with less environmental pressure.