China Mining News

China’s staggering demand for commodities

It’s said that in China, a new skyscraper is built every five days.

U.S. energy industry slams Trump's 'job-killing' steel tariffs

The U.S. oil and gas industry slammed Trump’s plan to impose tariffs on imported steel, saying the move would kill energy jobs by raising costs for big infrastructure projects.

Trump says US to impose tariffs on steel, aluminum imports

China has indicated it could retaliate against US steel tariffs by targeting imports of US agricultural commodities.

Mongolia's Oyu Tolgoi mine to lift force majeure

Majority owner Turquoise Hill Resources Ltd said that it expected to make up any sales-related effect over the next few quarters.

Copper price felled as Chinese factory reading drops most in 5 years

Slowdown in Chinese manufacturing blamed on impact of Beijing's pollution clampdown, cooling construction sector.

Lithium glut? No way, say industry executives eyeing demand

Prices for lithium have more than doubled in the past two years on forecasts for massive demand from the electric vehicle industry.

Iron ore price jumps to 10-month high

China's war on smog benefitting exporters of high-quality ore as domestic steelmaking output cuts are extended.

Shipping gauge shows iron ore, copper prices heading for fall

CHART: Baltic Dry Index has plummeted 32% since December, opening up huge gap to closely correlated industrial metal prices.

US copper stocks sprint to record high, reflecting transport costs, weak demand

Copper stocks held in warehouses registered with COMEX in the United States stand at 228,428 tonnes, up from below 90,000 tonnes at the start of 2017.

Canada the world's overall top mining destination, despite Saskatchewan fall

That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year.

Russia's central bank gold hoard is now bigger than China's

Russia has overtaken China as the fifth-biggest sovereign holder of gold.

China Hanking bids for Australia's Primary Gold

China Hanking, already owns 8.4 percent of Primary Gold, a company with interests in the Coolgardie gold project in Western Australia and the Mt Bundy gold project in the Northern Territory.

Glencore gives investors $2.9bn in dividends after ‘strongest’ results ever

The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.

Mosaic says quarterly revenue rises 12 pct

Company said rising potash and phosphate prices boosted net sales.

Moody's bullish on base metals, US steel

Base metals should continue to do well in 2018 along with the US steel industry, though American coal will continue to lose ground to natural gas. 

US Commerce Department proposes hefty import curbs on steel, aluminum

Some U.S. lawmakers and steel and aluminum users have urged caution in any restrictions to avoid disruptions or price spikes in the raw materials.

Vale’s iron ore output hit record high in 2017

Output of the steelmaking material reached 366.5 million tonnes last year, boosted by record high productionat Vale's northern system, which composed of its Carajás, Serra Leste and the massive S11D mine.

Gemfields reveals and denies fresh human rights abuse claims in Mozambique

As part of Gemfields' philosophy of “total transparency”, the company revealed is facing claims of human rights abuses in Mozambique, where it mines rubies.

China will crack down on illegal coal mining in 2018: safety watchdog

Coal mines that fail to meet safety measures or operational standards will be ordered to close and rectify violations, the State Administration of Work Safety said.

Asia Gold-Price dip perks up demand ahead of festive, wedding seasons

Spot gold has declined about 1 percent so far this week and was headed for a second straight weekly drop due to a recovery in the dollar.

Copper steadies, iron ore price climbs on blockbuster Chinese imports

Chinese traders chase copper concentrate and iron ore cargoes lifting January import volumes 25% and 19% over already record-breaking 2017.

Vedanta hit by iron ore mining halt in Goa

Company's shares fell as much as 5.5% on the news that the Indian Supreme Court had cancelled all the 88 existing iron ore mining licences in the Indian coastal state of Goa.

China wealth fund said to join fray for $2bn Rio Tinto portfolio

The country's sovereign wealth fund is considering joining the bidding for Rio Tinto's last remaining coal mines.

Copper price plunges to 8-week low

"Keep an eye on what we call China’s old economy – the property market, the infrastructure segment. That’s where we expect a slowdown sometime this year.”

China’s love affair with gold heating up on property riches

The nation’s demand for gold jewelry climbed 10 pct last year to almost 700 metric tons as wealthy increased purchases and consumption improved.