China reclaims top gold production title

Mining News Pro - Australian gold mine production declined in the third quarter of 2021, according to Melbourne consulting group Surbiton Associates, allowing China to return as the top gold producing country in the world.

China’s coal prices plunge after govt signals more price regulation

Mining News Pro - China’s thermal coal futures dropped 5.6% on Monday after the state economic planner signalled further regulations for prices of the dirty power-generation fuel.

Return of Mao-era coal coupons show China’s crisis isn’t over

Mining News Pro - A local government in China is resurrecting coal coupons — a relic of Mao Zedong’s planned economy days — to ensure its citizens have access to heating fuel as they brace for a bitter winter.

After shaking up nickel, China’s Tsingshan sets sights on lithium

Mining News Pro - Tsingshan Holding Group, the Chinese firm that shook the nickel world by rapidly boosting output in Indonesia, is among the latest entrants to the white-hot lithium sector, potentially making it a one-stop shop for electric vehicle (EV) battery ingredients.

China’s big commodity inflation scare is easing

Mining News Pro - The commodities boom that helped propel producer inflation to a 26-year high in China is showing signs of waning, with the forces that pushed prices up over the past year now in retreat.

Vale courts Latin steel mills again as China infatuation fades

Mining News Pro - Like its iron-ore rivals, Vale has understandably been obsessed with Chinese demand over the past two decades. Now the Brazilian miner is taking a fresh look in its own backyard.

China Moly says green push to unleash extraordinary metal demand

Mining News Pro - Global efforts to mitigate climate change will put metals like copper at the center of a sustained period of “extraordinary” demand growth that miners will struggle to meet, according to China Molybdenum Co.

China’s coal support continues with $31B finance promise

Mining News Pro - China continues to set itself apart from global peers when it comes to coal, allocating more than $31 billion (200 billion yuan) in financing at a time when most global banks are shunning the fuel.

All eyes on China as LME copper spreads collapse

Mining News Pro - Calm has returned to the London Metal Exchange (LME) copper market after last month’s storm, which forced the exchange to step in to protect those caught with a short position.

14 million tonnes a day show why China and India won’t quit coal

Mining News Pro - There’s a reason India and China defended coal’s future at the Glasgow climate summit: no nations have added more coal-fired power-plant capacity in the past decade than these two major emitters.

Gold price rally stalls as China data shows growth stabilizing

Mining News Pro - Gold steadied as investors mulled what’s next for inflation and monetary policy, while scrutinizing better-than-expected economic data from China.

China doubles down on slower coal exit after COP26 spat

Mining News Pro - China extended its defense of coal’s future after diluting demands for action at the COP26 climate summit, insisting a transition away from the dirtiest fossil fuel must be gradual.

Stocks set for steady start ahead of China data: markets wrap

Mining News Pro - Asian stocks looked set for a steady open Monday as traders await key Chinese economic data and monitor bond-market volatility triggered by high inflation and the prospect of tighter monetary policy.

China coal’s last hurrah comes too late for old mining towns

Mining News Pro - On the edges of an old and depleted mine on the rugged outskirts of Pingdingshan in central China’s Henan province, workers sift through dunes of low-grade coal, looking to extract every last calorie of energy from the city’s crumbling seams.

Codelco’s China clients stall on 2022 deals amid copper backwardation

Mining News Pro - Codelco’s Chinese customers are reluctant to sign up for copper supply in 2022 at the highest premium in seven years because of strong backwardation in the copper market, three sources with knowledge of the matter said.

China resists COP26 push to end coal as energy security prevails

Mining News Pro - China is likely to end up in opposition to efforts at COP26 climate talks to phase out coal worldwide and urge countries to beef up their emissions plans as soon as next year.

China’s State Grid warns of tight supply in winter, despite easing power crunch

Mining News Pro - China’s State Grid Corp warned of a “tight balance” between power supply and demand through winter until spring, even though a power crunch has eased following measures to boost coal supplies and get large users to cut back on electricity.

Iron ore price back below $100 on shrinking steel output in China

Mining News Pro - The iron ore price in China fell below 600 yuan ($93.75) per tonne for the first time in nearly a year due to loose supply conditions and poor demand outlook.

Lab-grown diamonds are latest victims of China’s power crisis

Mining News Pro - The lab-grown diamond industry is the latest sector to feel the effects of China’s energy crisis — and if the situation gets worse, consumers may find that special Christmas gift is suddenly a lot more expensive.

While China will continue to use rare earths in EVs, Europe may be trying different options

Mining News Pro - A new report by IDTechEx anticipates China continuing to use permanent magnet motors in its EVs but Europe making efforts to decrease the utilization of magnetic materials and especially heavy rare-earths.

EU and US end clash over steel and aluminium, take aim at China’s ‘dirty’ steel

Mining News Pro - The United States and the European Union on Sunday ended a dispute over steel and aluminium tariffs and said they would work on a global arrangement to combat “dirty” production and overcapacity in the industry.

China coal futures plunge again as government plans price curbs

Mining News Pro - Coal futures in China extended a plunge as the nation’s government considers new limits on prices to help ease an energy crisis, along with a call on miners to lift output.

China’s physical coal prices tell different story to futures

Mining News Pro - China’s coal futures have slumped about 35% from their recent record high, a move that looks dramatic but is actually a long way from what is needed to provide relief from the country’s energy crisis.

Botswana delivers first iron ore exports to China

Mining News Pro - Botswana’s first iron ore mine, Ikongwe, has started production and delivered its maiden exports to China, a company official told Reuters on Tuesday, as the Southern African country makes headway in efforts to diversify its economy away from diamonds.

China’s steel group says must ensure supply, control price in volatile market

Mining News Pro - The China Iron and Steel Association (CISA) said on Saturday that industry players must ensure supply while keeping prices stable in what is a “complex, volatile, unstable and uncertain market situation.”

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