Commodities to veer between China hopes, pandemic fears

If 2021 was a year of volatility and uneven performances for commodities, then 2022 is shaping up as a rinse and repeat as uncertainty over the recovery from the coronavirus pandemic remains, writes Clyde Russell.

Reuters | December 20, 2021 | 10:13 pm

Iron ore price highest in two months on China demand hopes

"Analysts expect a rebound in steel output as Beijing's yearly targets have been met, prompting mills to resume production," broker SP Angel said in a note.

MINING.COM Staff Writer | December 20, 2021 | 9:03 am

Rio Tinto picks outgoing Canadian ambassador to China as chairman

Dominic Barton will join the board in April and take over as chair after Rio's annual general meeting on May 5, replacing Simon Thompson.

Cecilia Jamasmie | December 20, 2021 | 5:36 am

Non-lithium stationary battery market shoots up in next decade — report

IDTechEx forecasts the market for non-lithium battery chemistries in stationary storage to grow at a CAGR of 61% between 2022-2032.

MINING.COM Staff Writer | December 19, 2021 | 6:18 am

Most commodities prices to average lower in 2022 — report

Out of the 27 key commodities, Fitch sees 19 of them averaging lower on a year-on-year basis.

MINING.com Editor | December 17, 2021 | 1:42 pm

Iron ore price jumps to seven-week high on China steel demand hopes

The optimism around the metal continued to be tempered by China's rising stockpiles of imported iron ore hitting the highest level since July 2018.

MINING.COM Staff Writer | December 17, 2021 | 10:34 am

Iron ore price up on hopes of recovering steel production in China

A government consultancy on Wednesday predicted that China's steel demand could dip in 2022 from this year, but consumption from infrastructure construction, automobile and other sectors will continue to offer support.

Reuters | December 16, 2021 | 9:33 am