China’s weak industrial recovery is weighing on coal consumption

The Dechenonba lithium mine in Sichuan’s Yajiang area covers 1.14 square kilometers, with estimated reserves of 24.9 million tonnes.

Purchases of oil, gas and coal jumped 75%.

Chinese banks cut a key interest rate for long-term loans by a record amount on Friday.

Company will develop the Lobe iron ore mine in the central African nation.

Supplies from China fell late last year, igniting prices in Europe and focusing the EU on efforts to secure home-grown supplies.

Fitch notes strong downside risks as strict Chinese lockdowns pose a strong threat to demand for the metal in 2022.

“Sentiment had been buoyed by hopes that China is making progress towards an exit from strict lockdowns,” commodity strategists at ANZ said.

Fed Jerome Powell pledged that the US central bank would ratchet interest rates as high as needed to kill a surge in inflation.

CNGR Advanced Material will invest in three new projects in Indonesia to produce nickel matte.