China’s state iron ore buyer gets down to business, yet to flex pricing power

Mining News Pro - China’s new state iron ore buyer is asserting itself in negotiating deals for the world’s biggest steel industry but has yet to help manufacturers struggling with weak demand to get lower prices, mills and miners said.

Congo to hike stake in copper, cobalt venture with China

Mining News Pro - The Democratic Republic of Congo aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%, on concerns the deal gives away too much of Congo’s resources with little benefit to the country.

BHP confident China property recovery will boost metals demand

Mining News Pro - BHP Group Ltd. is confident China’s troubled property market will turn around in coming months, despite gloomy economic signals pushing iron ore and copper prices back to levels last seen during the Covid Zero era.

Russia raises aluminum exports to China to near record levels as sanctions bite

Mining News Pro - China, the biggest producer of aluminum globally, is importing more of the lightweight metal from Russia, underscoring how trade ties are strengthening between the two nations as sanctions curb much of the rest of the world’s appetite for Russian commodities.

China buys more Australian coal as appetite for quality builds

Mining News Pro - Australian coal continues to make inroads among Chinese buyers, adding to pressure on domestic prices, with new shipments climbing to their highest level since Beijing halted imports in the fall of 2020.

Missing recovery leaves China’s metals bears in charge

Mining News Pro - The first gathering of the Asian metals community since the pandemic should have been a celebration, fueled by state stimulus and a long-awaited post-Covid rebound for the world’s top commodities consumer. But the resurgence never came.

Congo President heads to China amid mining contract negotiations

Mining News Pro - Democratic Republic of Congo President Felix Tshisekedi will visit China next week as the two nations look to conclude the re-negotiation of a $6.2 billion mineral-for-infrastructure deal, people with direct knowledge of the trip said.

Lead’s balancing act still depends on China’s exports

Mining News Pro - The global refined lead market will be roughly balanced between supply and demand this year, according to the International Lead and Zinc Study Group (ILZSG).

Australia exports first copper to China since 2020, industry hopes end to ban near

Mining News Pro - Australia exported roughly $40 million worth of copper ore and concentrate to China early this year, Australian customs data shows, a sign of industry hope that trade in the red metal will resume as diplomatic relations improve.

Ottawa clamps down on China’s critical-minerals foray, but not prospecting

Mining News Pro - Lone wolf Mike Tremblay is one of Canada’s most successful mining prospectors.

US is vulnerable to China’s lock on key minerals, Biden aide says

Mining News Pro - The US economy is vulnerable to China’s “lock” on critical mineral processing, a senior adviser to President Joe Biden said, likening the situation to the risk Europe faced from its reliance on Russia’s oil and gas amid its invasion of Ukraine.

China’s gold splurge reaches sixth month as reserves rise again

Mining News Pro - China added to its gold reserves for a sixth straight month, extending a flurry of purchases as central banks around the world expand their holdings of bullion amid escalating geopolitical and economic risks.

China slams Canada PM Trudeau’s slave labor comment, threatens ‘consequences

Mining News Pro - China sharply criticized Canadian Prime Minister Justin Trudeau’s comment that linked Chinese-produced lithium to slave labor, and warned Canada could face consequences if it continues “denigrating maliciously” the human rights situation in China.

Robots help ‘smart mines’ drive China’s coal build-out

Mining News Pro - Deep beneath the earth’s surface in a remote corner of northern China, a mechanical monster comes to life. Two massive discs armed with dozens of metallic teeth begin spinning against a solid wall, spraying dust and shiny black chunks of coal.

China’s property pain deflates ‘overhyped’ iron ore market

Mining News Pro - After a bullish start to 2023, iron ore is struggling with the reality that China’s property sector — the steelmaking material’s largest demand driver for two decades — is still far from a robust recovery.

Iron ore price extends decline as China demand slumps

Mining News Pro - The iron ore price was the lowest since November on Monday as weak steel demand in China prompted a production slowdown.

China to speed up iron ore projects to secure domestic supply

Mining News Pro - China’s state planner on Wednesday said it will accelerate the construction of iron ore exploration projects and improve its capability to ensure iron ore supplies.

Iron ore price lowest in 3 months on China’s rumored plan to cap steel output

Mining News Pro - Pessimism about steel demand in China weighed on iron ore prices on Thursday, even as traders watched a powerful cyclone that could disrupt shipments from top supplier Australia.

Iron ore price falls on China warning, production controls in Tangshan

Mining News Pro - Iron ore price fell on Monday after China’s state planner issued another warning against speculation in the market and fresh production curbs were imposed in major Chinese steel cities.

Coal use seen peaking next year as India, China determine future

Mining News Pro - Global coal consumption will likely peak by next year as economics and climate strategies shift the world toward cleaner energy, but several wild cards could determine how long the dirtiest fossil fuel persists, according to BloombergNEF.

Iron ore slides after China seeks advice on rising prices

Mining News Pro - Dalian and Singapore iron ore futures weakened on Monday after China’s state planner said last week it had sought expert advice on policy measures to deal with the recent rapid rise in prices of the raw material.

China’s lithium mining likely to face more scrutiny

Mining News Pro - China’s lithium mining will likely face disruption as the government steps up scrutiny of a range of problems that have emerged from extracting the metal, experts said on Wednesday.

Gold price hits 1-week high on robust China economic data

Mining News Pro - Gold prices edged higher on Wednesday as strong Chinese economic data drove bets for better physical demand from the world’s top consumer, though the risk of elevated US interest rates capped bullion’s gains.

Iron ore price jumps on China data, bullish steel demand outlook

Mining News Pro - Iron ore futures jumped on Wednesday, as better-than-expected China manufacturing activity data raised hopes for a demand rebound in the world’s top steel producer.

Copper price rises as China’s economy shows strong recovery

Mining News Pro - The copper price rose on Wednesday after better-than-expected manufacturing activity data from China underpinned demand hopes.

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