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Mixed signals for China steel and iron ore point to prices drifting lower

More certainty is needed on the demand outlook before prices…

LME launches seven new contracts to try to boost volumes, profit

The steel and alumina contracts have the best chance of…

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Industry leader calls for consolidation of China’s rare earth industry

The head of China's largest metals trader has called for government efforts to consolidate the rare earth industry and nurture competitive domestic firms in the sector. Zhou Zhongshu, president of China Minmetals, said that the difficulties facing China's rare earth industry mainly come from the fact that local authorities, owners of rare earth mines, tend to issue mining licenses to local firms.