Copper price falls as China’s reopening boost loses power

Mining News Pro - The copper price retreated on Wednesday as weak demand offsetted speculative bets that the end of China’s Covid Zero policy will reignite growth.

Copper price falls with China absent for Lunar New Year

Mining News Pro - Copper price fell for a second day on Wednesday, weighed down by a stronger dollar and the absence of China, where markets are closed for a week-long Lunar New Year holiday.

Congo president demands more from $6.2 billion China metals deal

Mining News Pro - Democratic Republic of Congo President Felix Tshisekedi criticized a $6.2 billion minerals-for-infrastructure contract with China, saying the world’s largest producer of a key battery metal hasn’t benefited from the deal.

Iron ore price rises while China warns against speculation

Mining News Pro - The iron ore price rose on Wednesday as investors bet on surging demand for the steel ingredient as China’s economy reopens.

Copper price highest since June on China optimism

Mining News Pro - The copper price rose on Wednesday to its highest levels since June as speculators bet that low inventories and rising Chinese demand will lift prices.

BHP expects China to underpin commodities demand in 2023

Mining News Pro - China is set to be a stabilizing force for commodities demand this year as developed nations face economic headwinds, BHP Group Ltd said on Thursday as it posted higher quarterly iron ore shipments that edged past expectations.

Copper price retreats on weak economic data from China

Mining News Pro - The copper price fell on Tuesday as weak economic data from China punctured a speculator-driven rally.

China didn’t drive commodity markets in 2022

Mining News Pro - China’s commodity trade data for 2022 shows that prices and volumes weren’t driven by the world’s biggest buyer of natural resources. The question now is whether 2023 will see China reassert its dominance as the main driver of commodity markets.

Top 50 mining companies in 2022: coal, lithium win big, China investors lose out

Mining News Pro - Vale, the world’s second largest iron ore miner and top nickel producer, has shortlisted suitors for 10% of its base metals business estimated to be worth nearly $2.5 billion.

Copper price bounces on news about fresh investment in China

Mining News Pro - The copper price rose on Thursday after news about fresh investment in China.

China’s metal factories cut production on poor outlook

Mining News Pro - Shrinking orders at home and abroad are forcing many metal goods factories in China’s southern Guangdong province to shut for the Lunar New Year holiday weeks earlier than usual, while some are also cutting production plans next year, producers said.

Rusal eyes rising demand for low-carbon aluminum in China

Mining News Pro - Russian aluminum giant Rusal is looking to supply more low-carbon aluminum to China amid friendly ties and rising demand for the metal from the country’s electric vehicle firms, a Rusal manager said on Friday.

Copper price retreats as China reports rising covid cases

Mining News Pro - Copper prices slid on Thursday as rising covid-19 infections in China and fears of a global recession weighed on prices.

Rescue work continues after gold mine collapse in China

Mining News Pro - Rescue work continues after 18 people were trapped underground as a gold mine in northwest China’s Xinjiang Uygur Autonomous Region collapsed on Saturday.

Iron ore price rises as more policy support looms in China

Mining News Pro - Iron ore price rose on Monday underpinned by looming additional policy support to shore up the Chinese economy amid its battle to contain covid outbreaks.

Sinosteel, China Baowu restructuring vital to steel industry: official

Mining News Pro -The strategic restructuring of Sinosteel Group Corporation Limited and China Baowu Steel Group Corporation is of great significance to the layout and modernization of China's iron and steel industry, an official said Friday.

China's steel sector awaits demand rebound

Mining News Pro -China's steel output and prices in 2023 will be driven by the level of demand recovery compared with 2022, with infrastructure investment unlikely to increase while the outlook for property sector-driven demand remains uncertain.

India imposes anti-dumping duty on stainless steel tube imports from China

Mining News Pro - India has imposed an anti-dumping duty on stainless steel seamless tubes and pipe imports from China for five years to remove "injury" to the domestic industry, according to a government notification.

China churns out higher coal output to fulfil winter demand

Mining News Pro -

In January-November 2022

China reduced steel production

Mining News Pro - During this period, the production of steel products fell by 0.7% y/y, and pig iron – by 0.4% y/y

Say hello to $150 iron ore

China’s reopening could propel iron ore to $US150

Mining News Pro -The gradual reopening of China’s economy through looser COVID-19 restrictions could propel iron ore prices as high as $US150 a tonne by June next year, predicts broker Citi.

China may extend state iron ore buying strategy to lithium

Mining News Pro - BMO Capital Markets picked state control of China’s raw material purchases as one of its key themes of 2023.

Gold price slides with higher yields as traders eye Fed policy, China

Solid US economic data on Monday boosted the chances of higher interest rates for longer from the Fed, which is negative for bullion as it pays no interest. Treasury yields and the dollar extended gains after the figures were released, sending bullion down as much as 1.4%.

Iron ore price jumps on easing restrictions in China

Mining News Pro - Some communities in Chinese cities where covid-19 is still spreading are easing off on testing requirements and quarantine rules ahead of an expected shift in virus policies nationwide after widespread social unrest.

Iron ore price rises on China property support

Mining News Pro - According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $101.60 a tonne Tuesday morning, up 2.8%.

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