China’s Zhaojin Mining buyout offer for Tietto Minerals now unconditional
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s Tietto Minerals has become unconditional.
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Visit: 49
China’s coal price slump likely to persist until start of summer
Chinese coal prices are likely to keep falling until the start of the peak summer season, suppressing imports of the fossil fuel and taking a toll on the country’s miners.
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Visit: 64
Iron ore’s reset to $100 heralds China’s new economy shift
Iron ore’s reset to around $100 a ton is indicative of a broader reshaping of China’s commodities markets that favors the new economy over the old.
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Visit: 68
Iron ore price edges higher on hopes of China’s demand recovery
Iron ore futures edged higher on Monday, supported by hopes of further recovery in demand in top consumer China and Beijing’s pledge to support its struggling property market.
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Visit: 114
China’s younger steel industry slows net zero path, BHP CEO says
China’s steel industry is young compared to Europe’s, and its transition to net zero may be slower as it takes a different path to reach government-mandated decarbonization goals, according to BHP Group Ltd.’s chief executive officer Mike Henry.
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Visit: 67
Copper price soars to 7-month high on China’s plans to cut output
Copper prices soared on Wednesday to their highest in seven months after Chinese smelters, which process half of the world’s mined copper, agreed on a joint production cut.
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Visit: 58
China’s top copper smelters agree on rare joint production cuts
Chinese top copper smelters on Wednesday came to a rare agreement to jointly embark on production cuts at some loss-making plants as they seek to cope with a shortage of raw material, according to sources with knowledge of the plans.
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Visit: 72
Pilbara Minerals signs offtake agreement with China’s Sichuan Yahua
Pilbara Minerals said on Tuesday it has signed an agreement with Sichuan Yahua Industrial Group for the supply of spodumene concentrate from the lithium miner’s Pilgangoora operation in Western Australia.
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Visit: 75
Copper fees plunge close to zero in test for China’s smelters
China’s copper smelters are at a critical juncture after fees for processing imported ore collapsed to single figures, raising focus on whether they will keep resisting pressure for production cuts.
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Visit: 82
China’s copper smelters to discuss production cut as fees slump
China’s biggest copper smelters are set to meet in Beijing next week to discuss measures to counter a plunge in ore processing fees to the lowest level in years, including potential production cuts.
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Visit: 76
China’s copper processing fees could recover from 2nd quarter
Fees to process copper concentrate in China, which have plummeted to their lowest level in over a decade due to short supply, could recover in the second quarter when maintenance season begins, industry experts said.
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Visit: 70
China’s Yintai Gold to buy Osino Resources for $272 million
China-based Yintai Gold on Sunday said it will acquire Canadian gold exploration firm Osino Resources in an all cash deal for C$368 million ($272.53 million).
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Visit: 90
China’s top coal producing region tells miners to curb overproduction
China’s top coal-producing region of Shanxi has ordered miners to curb overproduction, according to a notice this week from authorities in the northern province, sparking a rally in coking coal futures on Wednesday.
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Visit: 95
China’s copper plants consider cuts after years of breakneck growth
Years of relentless growth are finally catching up with China’s copper smelters.
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Visit: 84
Vietnam rare earths output drops as China’s grows, US says
The US geological agency has sharply revised down estimates on Vietnam’s rare earths output and expects a further drop despite its rich resource base, according to an annual report, which showed a rise in dominant producer China’s output.
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Visit: 125
China’s CBC increases stake in Bolivia lithium mining
The Chinese consortium CBC, which includes battery giant CATL, and Bolivia signed a deal on Wednesday, deepening their cooperation in one of the world’s largest lithium reserves.
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Visit: 56
China’s 2023 iron ore imports hit a record high on rising demand
China’s iron ore imports in 2023 hit a record high, up 6.6% from a year before, customs data showed on Friday, thanks to stronger demand amid a lack of government-mandated steel output caps and higher-than-expected steel exports.
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Visit: 224
China’s coal king is catching up with its new battery champions
Mining News Pro - China’s battery giants are at the forefront of the global energy transition, but on the stock market they’re being outshined by the dirtiest fossil fuel.
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Visit: 78
China’s net gold imports via Hong Kong rise in November
Mining News Pro - China’s net gold imports via Hong Kong rose about 37% in November from the previous month, data showed on Thursday, as the world’s top consumer eased some import restrictions on the metal to meet expected demand for the Chinese New Year.
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Visit: 104
China’s copper premium spikes on demand from renewables industry
Mining News Pro - China’s copper market is tightening with premiums over exchange prices spiking as better-than-expected demand from electric vehicles, solar panels and the power industry draws down inventories.
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Visit: 114
China’s Ganfeng indefinitely postpones Mexican lithium target date amid gov’t spat
Mining News Pro - A recent government push to cancel Ganfeng Lithium’s concessions has forced the Chinese company to indefinitely postpone its target to start mining the battery metal in Mexico, a company executive told Reuters.
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Visit: 122
China’s exports of refined lead feed LME stocks rebuild
Mining News Pro - China’s exports of refined lead hit a 15-month high in September with year-to-date shipments already exceeding last year’s total.
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Visit: 198
China’s state reserve expected to buy 3,100t of cobalt – sources
Mining News Pro - China’s strategic reserve organization is expected to buy 3,100 metric tons of cobalt, two people briefed on the matter said, as Beijing builds up stockpiles of the strategic material used in batteries and aerospace.
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Visit: 157
Graphite buyers to boost imports ahead of China’s curbs – analysts
Mining News Pro - Some graphite consumers will aim to accelerate imports of the EV battery ingredient from China in November before the country’s export curbs for some products come into force, but it may be difficult due to complex specifications, analysts said.
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Visit: 168
Taliban says plans to formally join China’s Belt and Road Initiative
Mining News Pro - The Taliban administration wants to formally join Chinese President Xi Jinping’s huge ‘Belt and Road’ infrastructure initiative and will send a technical team to China for talks, Afghanistan’s acting commerce minister said on Thursday.
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Visit: 219