Copper price surges to 2-month peak, shaking off China concerns

Mining News Pro - The global energy crisis that has led to power shortages and factory slowdowns did not stop copper prices from rallying to their highest levels since the beginning of August.

Copper analysts reset outlook on China's dual demand ructions

Mining News Pro - Copper analysts are reviewing their price forecasts for the red metal after simultaneous disruptions in two key sectors in China that together make up more than half the country's copper demand.

Senators blast new US mining royalty plan as anti-green, pro-China

Mining News Pro - In Washinton on Tuesday, members of the Senate Committee on Energy and Natural Resources (ENR) came out in opposition of House Democrats’ attempt to change the mining law through a partisan budget process.

China's CMOC eyes solar and hydro for Congo copper/cobalt expansion

Mining News Pro - China Molybdenum Co (CMOC) is looking to tap more hydropower projects and potentially use solar energy as it expands its production of copper and cobalt in Democratic Republic of Congo, its vice-chairperson said.

China orders top energy firms to secure supplies at all cost

Mining News Pro - China’s central government officials ordered the country’s top state-owned energy companies — from coal to electricity and oil — to secure supplies for this winter at all costs, according to people familiar with the matter.

China to auction another 150,000 tonnes of state metal reserves on Oct 9

Mining News Pro - China will auction another 150,000 tonnes of industrial metals from state stockpiles on Oct. 9, the National Food and Strategic Reserves Administration said on Monday, as it continues with a rare release of inventories aimed at cooling high prices.

Nickel price tumbles on China’s power crunch

Mining News Pro - The nickel price declined — along with most metals — as China’s power crisis spread from factories to residents, adding risks to supply chains, demand, and economic recovery.

China pledges to stop financing international coal projects

Mining News Pro - As China pledges to stop financing international coal projects, local coal producers have met to try and resolve the ongoing domestic coal shortage, as the winter peak generation season approaches.

Alcoa powers up in Brazil as China aluminum powers down

Mining News Pro - After six years of lying idle the Alumar aluminum smelter in Brazil is about to restart operations.

China goes after low-hanging coal fruit, the real challenge is at home

Mining News Pro - President Xi Jinping’s promise to end China’s financing of overseas coal-fired power plants was broadly welcomed by environmentalists, but the move should be seen as a first step rather than a major effort to mitigate climate change.

China vows to end funding for overseas coal power plants

Mining News Pro - China’s president Xi Jinping has pledged to stop backing new coal power plants overseas in a move that would cut off a key source of financing for projects involving the fossil fuel.

Iron ore price tumbles as China steps up restrictions

Mining News Pro - The iron ore price extended its slump below $100 a tonne as China stepped up restrictions on industrial activity in some provinces.

Iron ore price dives 7% on China’s lower steel output data

Mining News Pro - The iron ore price fell on Thursday after China reported a drop in the country’s steel production in August.

China continues to ravage iron ore prices

Mining News Pro - Iron ore prices have dropped to a 10-month low as China made further calls to slow steel production, causing major and minor iron ore miners to feel the effects in Australia.

Were China’s August commodity imports strong? Depends on your time frame

Mining News Pro - China’s imports of major commodities appeared to show signs of strength in August, but the gains in volumes are more nuanced and illustrate the difference between a short-term view and longer-term fundamentals.

Were China’s August commodity imports strong? Depends on your time frame

Mining News Pro - China’s imports of major commodities appeared to show signs of strength in August, but the gains in volumes are more nuanced and illustrate the difference between a short-term view and longer-term fundamentals.

China’s conflicting climate and economic goals roil commodities

Mining News Pro - China’s efforts to thread the needle between an often conflicting array of environmental, economic, social and geopolitical objectives are playing out in increasingly unpredictable global commodity markets.

China completes latest metal auctions as Xi urges better reserves system

Mining News Pro - China released another 150 000 t of state metal inventories to the market on Wednesday, its reserves administration said, completing a third round of auctions so far this year as it aims to ease the pressure of high commodity prices on businesses.

Australian gold production outpaces China

Mining News Pro - Australian gold production in the first six months of 2021 reached 157 t, which was 4 t higher than China.

China Baosteel sees easing raw material prices due to steel output controls

Mining News Pro - China's biggest listed steel producer Baoshan Iron & Steel Co Ltd (Baosteel) on Monday said it expects cost pressure to ease with the implementation of government-mandated steel production cuts.

Australia surpasses China in gold production

Mining News Pro - Australian gold production for the first half of 2021 was four tonnes more than China’s figures for the same period, according to Melbourne consulting group Surbiton Associates.

Iron ore’s plunge deepens as BHP flags ‘stern test’ from China

Mining News Pro - Iron-ore extended its rout as BHP Group warned it sees an increasing likelihood of “stern cuts” to China’s steel output this year.

China goes from driver to brake for crude oil, iron ore and copper

Mining News Pro - China has switched from driving global demand for major commodities to being a drag on growth, with July’s customs data confirming the weakening trend for imports of crude oil, iron ore and copper.

China’s imports are reshaping the global aluminum market

Mining News Pro - China imported a further 158,000 tonnes of primary aluminum in June, bringing the half-year tally to 744,000 tonnes.

China Moly commits $2.5 billion to double Tenke Fungurume copper, cobalt output

Mining News Pro - China Molybdenum will invest $2.51 billion to double copper and cobalt production at its giant Tenke Fungurume mine (TFM) in the Democratic Republic of Congo.

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