China coal hub could lead its energy transition, researchers say
China’s largest coal-mining hub is primed to spearhead the country’s energy transition with a slate of planned clean power mega-projects in the desert, according to a report released Monday.
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Iron ore futures surge to nearly 3-month high on China’s fresh property stimulus
Iron ore futures surged for a fifth straight session on Monday, as top consumer China’s latest property stimulus and a raft of monetary easing policies brightened the key steelmaking ingredient’s demand outlook.
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Elevated alumina prices to feed on China aluminum producer profits
Healthy demand and improving power supplies will create strong tailwinds for aluminum output in China, while tightening supplies and lifting prices of raw materials bauxite and alumina will constrain producer profits.
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China stimulus, mighty gold puts silver on a streak, but not without risk
Silver prices have bubbled up to their highest in over a decade on the back of bullion’s stellar bull run and China’s stimulus measures, although some analysts expect the rally to fade as industrial sector demand remains a concern.
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Iron ore price jumps to over three-week high on China stimulus, soft global supply
Prices of iron ore futures surged on Wednesday to their highest levels in more than three weeks, as a fresh batch of monetary easing policies from top consumer China boosted market sentiment, while lower global supply also lent support.
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Investors rush into Australian miners on China stimulus boost
The Australian resources sector surged more than 3% on Wednesday as investors piled their money into beaten-down mining stocks after China unveiled a bumper stimulus to pull the world’s second-biggest economy out of a deflationary slump.
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US-led group weighs funding more mineral projects to counter China dominance
A US-led coalition of countries is looking at funding more minerals projects using a financing network aimed at combating China’s dominance of metal supply chains.
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Visit: 51
China mining firms partner with Zimbabwe on lithium mine
Chinese miners Zhejiang Huayou Cobalt Co. and Tsingshan Holding Group Co. are defying low lithium prices to develop a deposit of the battery metal with a Zimbabwean state company.
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Iron ore price posts steepest daily rise in over 1 year on fresh China stimulus
Prices of iron ore futures surged on Tuesday to log their largest intraday gain in more than a year, as a wave of fresh monetary stimulus from China and restocking ahead of the top consumer’s national holidays lifted market sentiment.
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Miner backed by Canada province vows to compete with China in rare earths
The Canadian province of Saskatchewan has vowed to compete with China in processing and production of rare earths and become the first North American commercial alternative source for the metals, used to make magnets for electric vehicles and wind turbines.
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Iron ore price hits over 1-year low on soft China demand prospects, firmer supply
Iron ore futures fell on Monday to their lowest in more than a year, as investors weighed prospects of soft China demand amid an uneven economic recovery and stronger supply against fresh monetary easing measures by the world’s top consumer.
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Visit: 55
Copper price sees strong week with boost from Fed, China demand
Copper rose to a two-month high to cap a strong week for metals, helped by the Federal Reserve’s half-point rate cut.
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Visit: 52
Iron ore price climbs on China stimulus hopes, softer stockpiles
Prices of iron ore futures gained ground on Thursday, as prospects of fresh Chinese monetary stimulus and lower inventories overshadowed concerns of the top consumer’s weakening domestic demand.
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China pushes back on US probe of uranium exports
The Chinese government on Wednesday pushed back on a US probe of whether China is helping its neighbor Russia dodge a US ban on Russian uranium imports saying Beijing has always opposed “illegal unilateral sanctions”.
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China nickel tycoon seeks growth in US energy storage market
Chinese billionaire Xiang Guangda’s battery company is hunting for more US investment opportunities despite mounting geopolitical tension between the world’s economic juggernauts.
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Visit: 75
China has more than 1 billion t/y of new coal mines in pipeline
China accounts for more than half of the world’s pipeline of new coal mines, risking a significant increase in methane emissions, a new study published on Tuesday showed.
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China to agree on concession for Mao-era Africa railway by year-end
A Chinese state-owned company will finalize an agreement to take over the concession of a railway that links Zambia’s copper mines to a Tanzanian port by the end of 2024, according to the agency in charge of the line
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Visit: 74
China’s central bank pauses gold purchases for a fourth month in August
China’s central bank held back on buying gold for its reserves for a fourth straight month in August, official data showed on Saturday.
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Visit: 61
China sets up Beijing-backed lithium group to tap salt lakes
China Minmetals Corp. will take control of a province-backed lithium company in a bid to speed development of a “world-class” industry extracting the battery material from salt lakes in the far west of the country.
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Visit: 73
China’s central bank pauses gold purchases for a fourth month in August
China’s central bank held back on buying gold for its reserves for a fourth straight month in August, official data showed on Saturday.
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Visit: 61
Syrah Resources’ losses deepen as China glut hits graphite demand
Syrah Resources on Monday posted a wider half-year loss after its graphite production and sales plunged amid a glut in major market China.
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Visit: 59
Liberia conditionally lifts shutdown order on China Union’s iron ore mines
Liberia conditionally lifted a shutdown order on China Union’s iron ore Bong Mines, the government said in a statement on Wednesday.
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Visit: 50
Carlyle’s Currie sees copper price capped at $9,500 on China demand
Copper is likely to trade in a tight range of $8,500 to $9,500 a metric ton until policy support in top consumer China starts to create some demand strength, according to veteran commodities analyst Jeff Currie.
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BHP eyes copper profits as China’s appetite for steel fades
BHP Group Ltd. will focus on boosting returns from its burgeoning copper portfolio, the world’s biggest miner said on Tuesday, as it bets long-term gains for the crucial new-energy metal will help offset declining returns from iron ore as Chinese demand cools.
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Visit: 29
BHP eyes copper profits as China’s appetite for steel fades
BHP Group Ltd. will focus on boosting returns from its burgeoning copper portfolio, the world’s biggest miner said on Tuesday, as it bets long-term gains for the crucial new-energy metal will help offset declining returns from iron ore as Chinese demand cools.
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Visit: 59