China's daily crude steel output hit a record 1.998 million tonnes in June, up 2.8 percent from May, data from the National Bureau of Statistics showed on Wednesday. June output was 59.93 million tonnes, 11.9 percent higher from the same period last

China's export and import volumes of steel products declined in June this year on year-on-year basis, while iron ore imports decreased in volume, according to the Chinese customs authorities. China's steel product exports totaled 4.29 million mt in June,

Beijing News cited Mr Li Xinchuang deputy secretary of China Iron & Steel Association as saying that the national crude steel output may break 0.7 billion tonnes this year which is 40 million tonnes higher from the previous estimation in the year start.

Qinghai Salt Lake Industry signed a letter of intent with Zhongchuan Mining to jointly turn a salt lake in Saskatchewan, Canada, into a potassium chloride production base, with total investment of $3.2 billion, reports National Business Daily, citing a company filing. The government will contribute $2-2.5 billion of the total investment amount, according to the filing.

Mongolian massive coal mine projects related to Tavan Tolgoi are underway presently, Mongolian Prime Minister Sukhbaatar Batbold on June 12 said. The Mongolia government has already started some work on the development of railway lines linked to the

According to Vietnam’s general statistics office, Vietnamese coal exports totaled 6.64 million mt in the January-May period of the current year. down […]

China's imports of unwrought copper and semi finished copper products dropped 3% on the month in May because of high stocks. Traders said that extra bookings placed in May will raise June arrivals. High bonded stocks in Shanghai limited China's imports

China exports for coke and semi-coke in May this year decreased 3.7% on year to 450,000 tonnes, showed the latest data released by the General Administration of Customs. In the first five months, the volume exported from the country totaled 2.13 million

Tightness in the Chinese power market could mean lower output of aluminum and nickel pig-iron, plus deceleration in steel production and a […]

Coal stockpiled at the main power plants in East China's coastal province of Jiangsu stood at a high level presently, providing a sound basis for power supply, Xinhua Daily reported, citing local authorities. The stocks of the fuel at these power plants kept at a reasonable level of over 5.7 million tonnes, which was sufficient for use of above 15 days, better than that in other provinces, the Jiangsu Provincial Economy and Information Commission was cited as said.

Indian gold demand has grown 25 per cent despite 400 per cent price rise of the rupee in the last decade. Newly published research from the World gold Council reaffirms India as a key driver of global gold demand, with an expected increase by over 30 per cent in real terms. This research suggests that by 2020 cumulative annual demand for gold in India will increase to excess of 1200 tonnes or approximately Rs. 2.5 trillion, at current price levels.

Luxury jewelry has traditionally not been considered as profitable as high-end watches, handbags and garments in the Chinese market. But this is […]