Mining association says Canada’s rare earth support too modest to displace reliance on China

Mining News Pro - The Mining Association of Canada (MAC) has welcomed several expanded and refined measures proposed in the 2021 federal Budget to support the establishment and growth of a domestic battery supply chain, but CEO Pierre Gratton said specific support targeting rare earth elements (REEs) was too modest and was insufficient to displace reliance on China.

Iron-ore giants challenged in race to meet soaring China demand

Mining News Pro - The world’s top two iron-ore miners struggled to keep up with strong Chinese demand in the first quarter of 2021, hit by operational challenges and weather disruptions, in a positive sign for prices that are already at decade highs.

Glencore and China Huaneng Group sign MOU on CCUS project

Mining News Pro - China Huaneng Group Clean Energy Research Institute and Carbon Capture Transport and Storage Company of Glencore have signed a Memorandum of Understanding (MOU) for the cooperation on carbon capture utilisation and storage (CCUS) technology.

China opens its borders to billions of dollars of gold imports

Mining News Pro - China has given domestic and international banks permission to import large amounts of gold into the country, five sources familiar with the matter said, potentially helping to support global gold prices after months of declines.

March exports to China at record level

Mining News Pro - Australia has recorded its highest ever monthly exports to China in March with $US13.2 ($17.26 billion) billion worth of goods headed to the country.

China is paying a high price for its ban on Australian coal

Mining News Pro - China is paying a high price for its unofficial ban on coal imports from Australia, with the cost of domestic and alternative foreign supplies rising for both thermal and coking grades of the fuel.

Rio Tinto’s next chair must navigate between China and Australia

Mining News Pro - It could be the toughest job in mining. Whoever replaces Simon Thompson as chairperson of Rio Tinto Group will face a raft of complex and problematic global issues — not least relations with its biggest customer and shareholder, China.

China rare earths extend surge on worries over Myanmar supply

Mining News Pro - Looming inspections and concerns over Myanmar supplies are adding fresh momentum to a rally in prices of the rare earth minerals used in industries from turbines to telecoms that are already at their highest in nearly a decade.

Alcoa CEO sees ‘game changer’ in China’s aluminium curbs

Mining News Pro - Signs that China is taking meaningful steps to rein in aluminum production is a “game-changer” for the long-term outlook after years of gluts in the industry, Alcoa’s CEO said.

Iron ore loses steam amid crackdown on China’s steel mills

Mining News Pro - Iron ore prices for Australian fines imports to China have recovered to US$160.1 ($210) per dry metric tonne after falling to a six-week low earlier in the week.

Aluminum rattled by signs of “green” disruption in China

Mining News Pro - Shanghai aluminum prices have this week powered to their highest level since August 2011.

Securing raw materials key to China’s economic, carbon neutrality goals

Mining News Pro - China’s move towards carbon neutrality by 2060 can complement both energy security and economic goals, a new report by Wood Mackenzie states.

Iron ore price dives on China pollution crackdown

Mining News Pro - Iron ore prices fell on Friday as moves in China to restrict steel mills’ highly-polluting operations and reduce production capacity weighed on sentiment.

Zimbabwe says China`s Tsingshan to build iron ore mine

Mining News Pro - China`s Tsingshan Holding Group is set to start developing an iron ore mine and a carbon steel plant in Zimbabwe from May, the African country`s information minister said late on Tuesday, three years after the firm first announced the investment deal.

China’s lacklustre commodity imports throw spanner in new super-cycle works

Mining News Pro - A warning shot has been fired across the bow of proponents of the view that commodities are entering a new super-cycle: China’s imports of crude oil, iron ore, copper and coal in the first two month of the year look far from bullish.

BHP signs third emissions reduction agreement with China

Mining News Pro - BHP has penned an agreement with Chinese customer HBIS Group to evaluate solutions that will reduce greenhouse gas from ironmaking and steelmaking.

China Jan-Feb iron ore imports up 2.8% on healthy demand

Mining News Pro - China’s iron ore imports rose 2.8% for the first two months of 2021 from a year earlier, customs data showed on Sunday, as demand for the steelmaking ingredient was supported by a firm consumption outlook.

Battery grade lithium prices in China surge 68%

Mining News Pro - Domestic Chinese battery-grade lithium carbonate prices assessed by Benchmark Mineral Intelligence are on a tear in 2021 after bottoming out in the second half of last year, following a lengthy slump.

Nickel, cobalt price: 10 charts show China’s grip on battery supply chain to last decades

Mining News Pro - New study shows Asian cathode, precursor producers’ control of nickel, cobalt supply go way beyond long-term off-take agreements

China may ban rare earth technology exports on security concerns

Mining News Pro - China may ban the export of rare-earths refining technology to countries or companies it deems as a threat on state security concerns, according to a person familiar with the matter.

Six killed in fire at gold mine in eastern China

Mining News Pro - Six people were killed in a fire at a gold mine in eastern China’s Shandong province, while four others were rescued, state media reported on Wednesday.

Possible impact of Myanmar coup on China’s metal and rare earth supply

Mining News Pro - Myanmar’s military coup and declaration of a state of emergency has sparked concern in neighbouring China over metal and mineral supplies amid already high tin, copper and rare earth prices.

China’s recovery points to Lunar New Year boost for gold demand

Mining News Pro - China’s economic recovery from the coronavirus pandemic may offer some solace to gold bulls, with expectations building that jewelry demand will rebound following last year’s wipe out.

Africa`s miners and winemakers toast China`s row with Australia

Mining News Pro - For South African winemaker Vergenoegd Löw, the pandemic could have been a disaster but a bitter trade war between China and Australia has thrown the 325-year-old estate a lifeline.

Copper price rally resumes on US stimulus, decade low China stocks

Mining News Pro - Copper prices rose on Monday as optimism around a US stimulus raised hopes of higher demand for metals and a recovery in the world’s biggest economy.

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