May 23, 2022

Mine auction draws 3,448 bids amid scramble for lithium

The Dechenonba lithium mine in Sichuan’s Yajiang area covers 1.14 square kilometers, with estimated reserves of 24.9 million tonnes.

May 20, 2022

China spent over $6 billion on Russian energy imports in April

Purchases of oil, gas and coal jumped 75%.

May 20, 2022

Iron ore price up as Chinese banks cut interest rate

Chinese banks cut a key interest rate for long-term loans by a record amount on Friday.

May 20, 2022

Sinosteel signs $680m iron ore mine deal with Cameroon

Company will develop the Lobe iron ore mine in the central African nation.

May 20, 2022

Europe aims to revive magnesium output by 2025 to cut China reliance

Supplies from China fell late last year, igniting prices in Europe and focusing the EU on efforts to secure home-grown supplies.

May 19, 2022

Chinese lockdowns dragging aluminum prices down, no respite before H2 — report

Fitch notes strong downside risks as strict Chinese lockdowns pose a strong threat to demand for the metal in 2022.

May 19, 2022

Copper price rebounds as China eases covid restrictions 

“Sentiment had been buoyed by hopes that China is making progress towards an exit from strict lockdowns,” commodity strategists at ANZ said.

May 18, 2022

Copper price down on bets of big US rate hikes

Fed Jerome Powell pledged that the US central bank would ratchet interest rates as high as needed to kill a surge in inflation.

May 18, 2022

China CNGR expands nickel investments in Indonesia to meet EV demand

CNGR Advanced Material will invest in three new projects in Indonesia to produce nickel matte.

May 18, 2022

China’s metal exports storm higher to fill gap left by war

China has already shipped out unusually large volumes of metals from aluminum, copper to zinc in March.