China Mining News

China's Chalco shuts 470,000 tonnes of aluminium capacity as price slump bites

China's biggest state-run aluminium producer has decided to make around 470,000 tonnes of annual output at units including Shanxi Huasheng and Shandong Huayu subject to "flexible" output arrangements.

China iron ore hits 4-1/2-month low, steel market under pressure

As steel prices slid, Chinese mills ran up losses for the first time in three years this month, ending years of solid profit margins.

Iron ore price craters 8%

Fears over slowing Chinese growth and impact of trade war with the US removes floor under iron ore price.

China's steel slides into bear market; iron ore, coal hit by selloff

China's steel prices tumbled more than 5% to a five-month low as persistent worries over weaker demand pushed the sector into a bear market, sparking a selloff in raw materials iron ore and coking coal.

Rio Tinto sells stake in Rossing uranium mine to China

The company is selling its 69%-stake in Rossing Uranium Limited, which owns the Namibian mine, to China National Uranium Corporation (CNUC).

Gold production to grow in the next four years: report

According to Fitch Solutions, slightly higher prices and stronger company financial positions are encouraging greater mine investment.

Global iron ore market well supplied, growth in production ahead — reports

Global iron ore production will grow due to mine expansions in Brazil and increasing output from India.

China aluminium smelter Xinfa granted winter cut exemption – documents

Xinfa Group won't have to cut metal production in its home city of Liaocheng this winter and will only have to reduce alumina output by 10% for two months.

Copper benchmark deal signals shifting supply dynamics in 2019: Andy Home

It was supposed to be a year of mine disruptions, with the market anticipating that multiple labour contract expiries would result in at least one strike.

China's aluminium output drops as Shanghai price sinks: Andy Home

Chinese production dropped sharply last month, and unless the Shanghai market can break out of its downtrend, more smelter casualties seem likely.

Doubts cast on plans for deluge of new nickel supply

Expectations of a supply avalanche hitting the nickel market next year due to new capacity in Indonesia have sent prices to seven-month lows, but analysts doubt the plans spearheaded by Chinese firms can be carried out so quickly.

The battery boom to attract $620 billion in investment by 2040

The global energy-storage market will surge to a cumulative 942 gigawatts by 2040.

Nippon Steel braces for weaker prices amid fears over China slowdown

Natural disasters and glitches at their ageing facilities have prevented Nippon Steel from producing as much steel as they had planned.

China’s Zijin clears last regulatory condition for $1.4B Nevsun takeover

Chinese and Canadian authorities have approved the Zijin's bid to buy Nevsun Resources.

China National Coal signs 5 year supply contracts with state utilities

China National Coal Group will supply in 2019 more than 97 million tonnes of coal to six utilities, with volumes rising in each subsequent year of the deals.

China's fight against smog makes palladium 2018's best metal

Palladium prices are shattering record highs.

Australia's coal revival in full swing by 2019

The outlook for coal depends basically on the growth of electricity and steel production in Asia.

Sinking shipping gauge signals trouble for iron ore, coal price

Rates for dry bulk cargo carriers have collapsed 70% since August.

China plumbs ocean depths to extend its cobalt lead

China, the leading holder of international deep sea exploration licences, increases its lead in the race for alternative sources of battery minerals by taking samples from cobalt-bearing mountains deep in the Pacific.

Chinese copper smelters look to mine investment to secure supply

China is the world's biggest consumer of the metal but its own copper mine production has been stagnating amid a broad crackdown on pollution, exacerbating a heavy reliance on imports.

Chinese vessel collects cobalt samples in the Pacific – Xinhua

The vessel performed a 138-day survey in the west Pacific.

China steel marks second weekly fall amid ample supply

The most actively traded rebar on the Shanghai Futures Exchange closed down 0.2 percent at 3,933 yuan ($566) a tonne, and lost 2.9 percent for the week.

Key festivals light up Indian demand

We were initially skeptical about Diwali demand but it jumped this week, despite higher prices - Harshad Ajmera, the proprietor of JJ Gold House

Abundant aluminium stocks and low prices conceal tight market

Aluminium is a metal key for the transport and packaging industries but at current prices about 40% of the world's aluminium production is losing money.

China October rare earth exports slump to 3-year low

The world's largest producer of rare earth minerals shipped 3,100 tonnes last month, versus 4,950 tonnes in September.