June 30, 2021

More than 100 coal mines in China halt operations for centennial

In Shanxi, the country’s biggest coal producing province, 128 of the fossil fuel mines accounting for nearly a quarter of the region’s capacity have suspended operation.

June 30, 2021

Russell: Iron ore quality premium widens to record amid China demand, lower inventories

The spread between low- and high-grade iron ore has blown out to the highest on record in dollar terms, suggesting Chinese steel mills are trying to maximise output by using…

June 30, 2021

China faces risks due to high chrome, manganese, nickel import reliance — report

According to Roskill, China’s net import reliance on chromium, nickel and manganese ore are calculated at 100%, 83% and 68%, respectively.

June 29, 2021

CHARTS: China’s overseas copper mining scramble

Chinese state and private investors have spent more than $16 billion over the last decade buying copper mines and projects including nearly 50 in Africa.

June 29, 2021

Aluminum premia spike on planned Russian export tax

Russia has proposed introducing an export duty on steel, copper, nickel and aluminium to curb rising inflation.

June 29, 2021

Iron ore price down on easing steel demand in China

Steel mills have been ordered to limit or suspend their operations to minimise smog during the Communist Party centenary celebration.

June 28, 2021

Green copper demand to average 13% annual growth over next 10 years – report

The two most important areas of green copper demand growth are renewable energy and vehicle electrification.

June 28, 2021

CATL extends battery supply deal with Tesla

It would supply battery cells to Tesla, which is making Model 3 sedans and Model Y sport-utility vehicles in Shanghai.

June 28, 2021

Copper price down as China industrial profits slow

Profit growth at China’s industrial firms slowed again in May as surging raw materials prices squeezed margins and weighed on factory activity.

June 28, 2021

Iron ore price up as China port stocks hit over 8-month low

Imported iron ore stocked at Chinese ports dropped for a fourth straight week to 123.95 million tonnes, as of Friday, hitting the lowest level since early October.