US moves to restore stockpiling ‘panic button’ in EV metals fight with China

Insiders liken it to a “panic button.” And for more than 80 years, the primary job of the National Defense Stockpile has been to keep the US military supplied with essential raw materials and protect against supply shocks.

Australian lithium stocks rally on speculation of China mine closure

Australian lithium stocks rallied on Monday on speculation that Chinese battery maker CATL had closed its Jianxiawo mine in China that produces the material used in electric vehicle batteries.

China’s copper plants consider cuts after years of breakneck growth

Years of relentless growth are finally catching up with China’s copper smelters.

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.

Base metals drop as investors weigh Fed path, China consumption

Base metals declined after the Federal Reserve pushed back on interest-rate cut expectations and as investors weighed the demand outlook in top consumer China before the Lunar New Year holiday this month.

China Baowu raises $1.4bn via bond, mostly for Simandou iron ore project

The world’s largest steelmaker China Baowu Steel Group has raised 10 billion yuan ($1.4 billion) from a bond issue, in part for the giant Simandou iron ore project in Guinea, it said on Monday.

Congo and China talking $7 billion in finance, Tshisekedi says

China and Democratic Republic of Congo are discussing $7 billion in financing as part of a renegotiated minerals-for-infrastructure deal, President Felix Tshisekedi said Saturday at his second inaugural address in the capital, Kinshasa.

China, in comic strip, warns of ‘overseas’ threats to its rare earths

China’s chief intelligence agency posted on social media a comic strip featuring foreign-looking characters secretly extracting rare earths, in a story portraying the country’s strategic metals under threat from covetous “overseas organisations”.

Iron ore futures retreat amid weak China data

Iron ore futures prices retreated on Wednesday as weak economic data from top consumer China weighed on investor sentiment.

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.

Rio Tinto sees stimulus boost in China to drive gradual recovery for iron ore demand

Rio Tinto Group, the world’s top iron ore exporter, sees increased stimulus measures in China driving the broader economy into a gradual recovery this year.

Iron ore price drops as China central bank’s rate move defies expectation

Iron ore futures prices dropped for a second consecutive session on Monday as top consumer China defied market expectations and stood pat on its medium-term interest rate, leaving traders disappointed.

Australia sends biggest copper concentrate shipment to China since 2020

Australia exported 27,500 metric tons of copper ores and concentrates worth $44.5 million to China in November, the most for any month since China imposed an informal ban in 2020, Australian customs data showed.

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.

China copper smelter margins squeezed by tight supply of raw material

Competition for mined copper supplies is expected to intensify, further eroding margins for Chinese firms that produce half the world’s refined copper, but significant output cuts that tighten the metal market are unlikely.

Iron ore price rebounds on renewed hopes of China stimulus

Iron ore futures prices recouped losses on Thursday, after falling for five straight sessions, helped by the latest support for the property market and renewed hopes of monetary easing in top consumer China.

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.

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.

Australia wants to compete with China on critical minerals, Minister King says

Mining News Pro - Australia wants to compete with China in producing and refining resources vital to the next phase of high-tech manufacturing around the world, according to Minister Madeleine King, backing the country’s bid to build its critical minerals capability.

Iron ore price falls after China policy meet disappoints on stimulus

Mining News Pro - Iron ore fell after a widely-watched government policy meeting in China finished without any major new stimulus pledges.

Iron ore benchmarks diverge as China tries to cool prices

Mining News Pro - The two main spot prices for iron ore diverged last week, with Singapore-traded contracts gaining but China’s domestic futures posting a decline.

Iron ore price eyes fifth weekly gain despite China intervention

Mining News Pro - Iron ore futures erased earlier losses and are set for their fifth weekly gain on Friday as property support-led optimism in top consumer China outweighed headwinds from the latest intervention from authorities.

China to tighten oversight on iron ore market after price rally

Mining News Pro - China’s state planner said on Thursday that it would closely monitor changes in the iron ore market and further tighten supervision of spot and futures trading in its latest effort to curb a rally in the price of the key steelmaking ingredient.

China allows a trickle of critical minerals exports ahead of graphite curbs

Mining News Pro - China exported small amounts of two minerals crucial to high-tech manufacturing in October, marking a resumption in sales after a two-month hiatus caused by Beijing’s restrictions.

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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