Keyword: "china"

Mining News Pro - Copper futures prices rebounded sharply on Monday on the back of a surge in Chinese imports of the metal widely used in industry and construction.

Mining News Pro - Copper prices have rebounded this week as Chinese demand for the metal reached record levels during July.

Mining News Pro - China’s copper imports rose to a record for a second straight month in July, customs data showed on Friday, buoyed by favourable international prices that kept an arbitrage window open and strong demand in the world’s top consumer of the metal.

Mining News Pro - HBIS Resources Co, a unit of China`s second-biggest steelmaker HBIS Group, said on Monday it had signed an initial deal to develop the Pampa de Pongo iron-ore mine in Peru alongside current licence-holder Zhongrong Xinda.

Mining News Pro - Global coal-fired power capacity edged down for the first time on record in the first half of 2020 as retirements accelerated and the coronavirus saw new projects put on hold.

Mining News Pro - Gold’s uphill momentum has persisted for the sixth consecutive week, soaring above $US1900 ($2675) an ounce on Friday last week.

Mining News Pro - China’s imports of copper concentrate from the United States hit their highest in June since September 2018, customs data showed on Sunday, as smelters made the most of a trade detente to purchase tariff-free metal earlier this year.

Mining News Pro - The rebound of car sales and heavy-duty vehicle sales in China bodes well for platinum group metals demand as the world’s coronavirus lockdowns ease.

Mining News Pro - Copper has erased losses racked up in the early months of the coronavirus outbreak. China’s economic uptick, set to be confirmed by second-quarter figures this week, is encouraging an optimistic view of demand. Latin American supply constraints may be a bigger factor in propelling the price higher, though, with pandemic-related closures and the prospect of strikes ahead. Neither threat will ease soon.

Mining News Pro - China’s steel buyers have pounced on cheap offers from around the world to feed buoyant demand at home, with flows to the biggest market reaching levels unseen since the global financial crisis.

Mining News Pro - Growing scrutiny by mineral-rich Australia and Canada may cut short a deal frenzy led by China’s state miners and limit Beijing’s role in gold sector consolidation, bankers and analysts said.

Mining News Pro - China is dragging its feet in releasing new codes governing high-grade copper and aluminum scrap imports, leaving scrap metal firms abroad confused and without a clear way into their key market.

Mining News Pro - A souring relationship with Australia and iron ore supply shocks in Brazil may reignite China’s ambitions to reduce its dependence on major overseas producers for the material critical to its giant steel industry.

Mining News Pro - Chinese producer Shandong Gold has made a play for Cardinal Resources with an off-market cash takeover offer for 100 per cent of the target’s shares.

Mining News Pro - A report by Fitch Solutions states that global gold mine production growth is expected to rebound in the coming years underpinned by higher gold prices and mergers between major mining firms.

Mining News Pro - Market analyst Roskill predicts that a new ‘ultra-large’ flake graphite mine being built in Inner Mongolia is likely to fill in the gap that has been left in the Chinese market by slower production in Mozambique.

Mining News Pro - China could move to re-invest in its mining industry to secure its resource base in the post-covid-19 world, according to a new report from Fitch Solutions.

Mining News Pro - Gold price rallied on Friday to its highest in a week as US President Donald Trump’s made his official response to the new national security law imposed on Hong Kong approved by Beijing a day earlier.

Mining News Pro - Aftermath Silver announced that it has reached an agreement to acquire from SSR Mining its 20% interest in the Cachinal silver-gold project in Chile.

Mining News Pro - China like in other mining equipment and technology areas is a complex actor in the world of underground rail.

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