China’s economic slowdown woes dent benchmark iron ore price

Mining News Pro - The iron ore price retreated on Thursday as Chinese downstream demand remained muted, while investors fretted over cues that the world’s second-largest economy is contracting in the second quarter amid covid-fuelled chaos.

Copper market needs more than China’s covid stimulus measures

Mining News Pro - Copper prices in China have barely budged since the central bank cut interest rates and the government announced 33 measures to rescue the economy from the clutches of its Covid Zero policy.

China stimulus, supply worries fire up iron ore

Mining News Pro - Iron ore prices cheered China’s decision to cut its benchmark interest rate for mortgages by an unexpectedly wide margin, and there are several factors that suggest a renewed rally is on the cards.

Copper price rebounds as China eases covid restrictions

Mining News Pro - Copper prices rose on Thursday, buoyed by easing covid-19 restrictions in China.

Iron ore price up on supply woes, easing China covid curbs

Mining News Pro - Iron ore price rose on Tuesday supported by supply concerns and shrinking portside inventories, while the easing of some covid-19 curbs in China also lifted trader sentiment.

China, US are racing to make billions from mining the moon’s minerals

Mining News Pro - “There’s going to be a new world order out there, and we’ve got to lead it,” US President Joe Biden said after Russia’s war in Ukraine upended global geopolitics. Far from Earth, that transition is already happening.

Lithium sector needs $42 billion as pivot from China adds costs

Mining News Pro - The global lithium industry needs as much as $42 billion of investment by the end of the decade in order to meet demand for the crucial battery-making material, with attempts to build supply chains outside of China subject to much higher costs, according to a data and market-intelligence provider.

Copper price recovers as China covid cases ease

Mining News Pro - Copper price rebounded on Wednesday as slowing covid-19 infections in top metals consumer China eased near-term demand concerns, even as enduring pandemic-related lockdowns weighed on sentiment.

China’s green Belt and Road push leaves plenty of grey areas

Mining News Pro - Since China launched the Belt and Road Initiative in 2013, the project has come under a lot of criticism for funding polluting activities overseas. That’s started to change with President Xi Jinping’s recent pledge to stop supporting foreign coal projects.

Iron ore price tumbles as covid curbs in China fuel demand concerns

Mining News Pro - The iron ore price plunged on Monday as stringent covid-19 restrictions prompted traders to be cautious and fuelled concerns over global demand.

Copper price near 8-month low on tightening lockdowns in China

Mining News Pro - Copper prices fell to their lowest in almost eight months on Monday, as tightening lockdowns in China stoked worries about demand, with a stronger dollar further weighing on the market.

Iron ore price drops as investors monitor demand in China

Mining News Pro - The iron ore price fell over 4% on Friday as risk aversion across financial markets escalated and investors assessed the demand prospects in top consumer China.

Oil drops as China lockdowns overshadow Russian output risk

Mining News Pro - Oil fell as lockdowns across China countered looming European Union measures to limit purchases of Russian fuel.

Copper, iron ore yet to reflect China’s weakening industrial outlook

Mining News Pro - The slump in China’s main manufacturing sentiment index has yet to be fully reflected in prices for key metals, which remain well above levels seen during previous bouts of weakness in the industrial sector of the world’s second-largest economy.

China cuts coal import tariffs to zero to increase supply

Mining News Pro - China will cut import tariffs for coal to zero from May to the end of March to help guarantee energy supplies, the Ministry of Finance said in a statement.

Rubio questions Volkswagen’s ties to metal suppliers in China over human rights

Mining News Pro - US Senator Marco Rubio is seeking information from Volkswagen AG about a pair of planned joint ventures with companies accused of having a record of alleged human rights violations such as forced labor and human trafficking.

Aluminum price rebounds on China infrastructure push, low inventories

Mining News Pro - Aluminum price rebounded in London as investors assessed a major Chinese infrastructure push and dwindling stockpiles of the metal.

China's steel industry consolidation speeds up

Mining News Pro - China's largest steelmaker Baowu Group is taking majority control of a steel company in the Jiangxi province, fast-tracking the company's consolidation plan and boosting production capacity at time of heightened emphasis on decarbonization.

China’s new energy policies kill 15 overseas coal projects

Mining News Pro - About 12.8 GW (15 plants) of China-backed overseas coal projects that received either financial backing or equipment, procurement and construction support from Chinese firms were shelved or cancelled since September 2021 as a result of revised energy policies in host countries and the withdrawal of support from Chinese firms, a recent report by the Centre for Research on Energy and Clean Air states (CRECA).

Iron ore price up as China vows to support economy

Mining News Pro - The iron ore price rebounded on Tuesday after China pledged more support to help revive an economy that’s been imperiled by an escalating virus outbreak.

Copper price rebounds as China steps up support for economy

Mining News Pro - The copper price recouped some of Monday’s losses after China pledged more support to help revive an economy that’s been imperiled by the escalating virus outbreak.

China orders top coal region to ensure supplies to coastal hubs

Mining News Pro - China has called on its top producing province to guarantee thermal coal supplies to some of the industrial hubs on the coast threatened by power shortages.

Copper price down on China’s covid-19 worries

Mining News Pro - The copper price retreated on Friday as the number of covid-19 cases rose in China, making investors nervous about the country’s economic recovery.

China demand for coal set to drop

Mining News Pro - Researchers from Australian National University (ANU) have explored China’s plans to bolster energy security in the wake of the Russian invasion of Ukraine while aiming to hit net zero within 40 years.

Iron ore price retreats as China vows to cut steel output in 2022

Mining News Pro - The iron ore price fell on Tuesday after a spokesperson for China’s state planner said the country would keep reducing steel output this year.

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