China Mining News

Rio Tinto about to offload stake in Grasberg mine for $3.5 billion

Company confirmed is in talks to sell its stake in the world’s second largest copper mine to Indonesia’s Inalum.

Mayday, mayday, gold is sinking!

An irresponsible U.S. fiscal policy seems to be the only bullish gold’s driver in operation right now.

Why rough diamond prices are at a 52-week high

Forecasted industry fundamentals point to an environment favoring higher diamond prices over a period of at least the next four years.

This iron mountain looks more like a molehill: David Fickling

Ore imports aren’t just going up because China’s producing more steel: They’re rising because it’s producing less iron ore as well.

Iron ore market dynamics are shifting beneath calm facade: Russell

Structural changes in the world's biggest importer, China, are re-shaping how the industry works.

Forevermark unveils new retail concept store in China focused on millennials

Libert’aime by Forevermark offers a diamond jewellery range that has been designed with a young, fashion-forward self-purchasing consumer in mind.

Cobalt price: Congo ebola outbreak compounds acute supply fears

WHO: Risk of international spread of deadly disease from Congo, responsible for 66% of global supply of critical battery raw material, is "very high".

Electric vehicle rush fuels optimism at LME Asia Week

Chinese cobalt producers such as Jinchuan Group and Wanbao Mining said they were ramping up production to sate an anticipated demand boom from EVs.

China tightens grip on global battery metals with Chile deal

Chengdu-based Tianqi is seeking to almost triple production capacity through 2020.

China's NDRC to curb coal prices, boost output -Xinhua

China will take steps to bring down coal prices because the recent rally is not supported by market fundamentals.

It's time to regulate the lithium cartel

There is an emerging oligopoly in one of the hottest elements on the periodic table, lithium.

China's Chilean entry raises doubts about lithium price outlook

SQM shares plunge after Tanqi Lithium acquisition seems to indicate cooling fervour for lithium assets.

Global consumer demand for diamond jewellery hits new record high of US$82 billion

An increase in self-purchase of diamond jewellery helped drive demand, representing 33% of total US diamond jewellery pieces acquired in 2017.

China’s Tianqi Lithium buys minority stake in SQM for $4.1bn

The Asian firm has bought a 24% stake in Chile’s Sociedad Quimica y Minera (SQM), one of the world’s biggest lithium producers.

Coal at record in Europe is latest pressure on utility earnings

China’s thirst for energy is roiling markets in Europe, jolting the outlook for coal-hungry utilities as they struggle to cope with tighter pollution and environmental rules.

Lead price comes roaring back

"Lead from a raw materials side is probably the tightest commodity market out there."

Anglo American to spin off unit to encourage platinum demand

The World Platinum Investment Council sees oversupply in the platinum market of 180,000 ounces in 2018.

Chinese scrap ban won't do much for copper price

Net supply impact for China only around 100kt in 2018 says new report.

As Trump haggles with China on trade, company fortunes at stake

Trump has proposed imposing duties on as much as $150 billion in goods over China’s alleged theft of intellectual property and unfair trade practices.

Supercycle may be setting up for higher commodity demand

Conditions may be in place for increased demand and increased prices for a number of commodities including natural gas, copper, aluminum, and gold.

Chemists find new way to create lithium metal electrodes for batteries

The experts developed a new process for creating lithium metal that may boost the energy and capacity of rechargeable batteries.

China's steelmaking raw materials extend gains on firm demand outlook

The price of steelmaking raw materials in China rose for a second session on Monday on optimism that steel mills will replenish stockpiles as steel production increases and as iron ore inventories at ports decline.

Louis Dreyfus completes $466 mln sale of metals unit to Chinese fund

The metals business is one of the largest copper, zinc and lead concentrates merchants worldwide, according to Louis Dreyfus.

U.S. producers hurt by Chinese steel wheel imports – trade panel

The alleged dumping margins ranged from 12.1 percent to 231.7 percent, and U.S. imports of the products from China in 2017 were estimated to total $388 million.

Asia coal industry sees blue skies, ignores storm clouds: Russell

While there may be scope to be bullish on the short- to medium-term outlook for coal, the risk factors for the industry appear to be mounting.