China’s scrap rebalancing act could derail recovery

Mining News Pro - Surging Chinese scrap copper imports that have doubled in the first half of 2021 are displacing to some extent refined cathode, concentrate, anode and blister imports, with analysis by Roskill predicting the situation to worsen and potentially cripple the copper price recovery.

Iron ore price down on China’s forecasted steel output decline

Mining News Pro - Iron ore prices fell on Thursday, pressured by the prospects of a demand slowdown for the steelmaking ingredient in China.

Iron ore price regains ground as China steel margins recover

Mining News Pro - Iron ore prices rebounded on Monday after a five-day slump, due to a recovery in steel margins in China.

Copper price highest in 6 weeks as flooding in China raises supply concerns

Mining News Pro - Copper prices jumped on Monday as floods in China sparked demand hopes at a time when inventories are falling.

Copper price rises as China decides to release less reserve than expected

Mining News Pro - Copper price rose on Thursday, as China decided to release fewer reserves metals than expected.

Iron ore price plunges on China’s move to cut steel production

Mining News Pro - Chinese iron ore price fell for a fourth consecutive session, down more than 7% to its lowest level in nearly three weeks, on prospects of more imports of the steelmaking ingredient and as demand eased on the government’s decision to cut production.

China Moly’s Congo mine expansion project starts trial production

Mining News Pro - The expansion project of China Molybdenum’s Tenke Fungurume Mining (TFM) mine in Democratic Republic of Congo had started trial production on July 16, the company said in a statement.

China frictions steer electric automakers away from rare earth magnets

Mining News Pro - As tensions mount between China and the United States, automakers in the West are trying to reduce their reliance on a key driver of the electric vehicle revolution - permanent magnets, sometimes smaller than a pack of cards, that power electric engines.

Copper price up on hopes of further monetary easing in China

Mining News Pro - The copper price regained some strength on Thursday after consecutive losses, as weaker-than-expected economic data from top consumer China raised hopes the country would implement further monetary easing to prop up growth.

Iron ore price edges higher on clouded China demand outlook

Mining News Pro - Iron ore prices rose on Wednesday, pressured by concerns about demand prospects for the steelmaking raw material in top steel producer China.

Fund managers give copper a wide berth as China cools

Mining News Pro - Fund managers have been reducing their exposure to copper as the market heads into what is normally a seasonally weak spot for demand.

Copper price slides as China vows measures to ease commodity prices

Mining News Pro - The copper price fell on Tuesday after China declared it will keep its economic operations within a reasonable range over the next 18 months and take “comprehensive measures” to ease rising commodity prices.

Iron ore price up on China’s export growth

Mining News Pro - Iron ore prices were up on Tuesday after China’s June trade data was released.

Copper price down while China’s smelters reduce production

Mining News Pro - China’s major copper smelters lowered production in June by 3.6% from the previous month due to seasonal maintenance, state-backed research house Antaike said on Monday

Iron ore price up despite high China ferrous scrap imports

Mining News Pro - Iron ore prices continued surging on Monday, propelled by recovering global steel demand.

Robust China coal demand amid Australia import ban fuels price rally

Mining News Pro - Seaborne coal has become a quiet winner among energy commodities, lacking the attention of higher-profile crude oil and liquefied natural gas (LNG), but enjoying strong gains amid rising demand.

Iron ore price down on China steel output curbs

Mining News Pro - Benchmark Dalian iron ore is headed for its second consecutive weekly fall on Friday as China steps up efforts to curb output to meet its carbon emissions goal.

Antofagasta secures copper supply deals with China smelters

Mining News Pro - Chilean miner Antofagasta (LON: ANTO) has reportedly secured copper concentrate supply deals with four major Chinese smelters for the first half of 2022, MINING.COM understands.

More than 100 coal mines in China halt operations for centennial

Mining News Pro - Miners in China are halting operations to commemorate the Chinese Communist Party’s 100th anniversary celebration later this week, in a move that may exacerbate an already tight coal market and boost prices.

Copper price down as China industrial profits slow

Mining News Pro - Copper price fell again on Monday as slowing profit growth in industrial firms in China metals, rising inventories and low premiums sapped enthusiasm for the metal.

Iron ore price up as China port stocks hit over 8-month low

Mining News Pro - Iron ore prices rose on Monday supported by a decline in portside stockpiles in China.

Cameroon to build railway to Mbalam-​Nabeba project with China-linked firms

Mining News Pro - Cameroon signed a deal on Friday with two China-linked companies to construct a railway from the coast to a large cross-border iron deposit, the state broadcaster said, even as it faces legal action over the project from Australia’s Sundance Resources.

China’s first round of copper, zinc, aluminum auctions fails to impress

Mining News Pro - China has released details of its first round of auctions of non-ferrous metals from its state reserves, and the market reaction was underwhelming at best.

Iron ore price up as Western Australia calls for reset on China ties

Mining News Pro - Australia’s biggest exporting state on Tuesday urged Canberra to stop antagonizing China, the country’s top trade partner.

Canada, EU in raw materials pact to cut China reliance

Mining News Pro - Canada and the European Union launched a new partnership to secure supply chains for critical minerals and reduce dependence on China in a push for jobs and to counter climate change.

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