China’s state-backed iron ore giant says prices are too highIron ore has reached “unreasonable” levels that are hurting Chinese steel mills, according to China Mineral Resources Group.Bloomberg News | November 7, 2023 | 4:29 pm
Codelco cuts 2024 copper premium to China, changes contract structureThe miner has offered to sell copper at a premium…Reuters | November 7, 2023 | 9:57 am
China extends run of gold buying that’s helped support pricesChina topped up its gold holdings for a 12th straight month in…Bloomberg News | November 7, 2023 | 7:33 am
US carmakers passing up lithium from Australia’s first refinery The joint venture between China’s Tianqi and Australian miner IGO in May produced the nation’s first battery-grade lithium hydroxide at its refinery near Perth. Bloomberg News | November 1, 2022 | 12:05 pm
BHP warns of inflation risks in 2023, says China demand to stabilize The mining industry has been weighed down this year since the Russian invasion of Ukraine by a supply bottleneck that sparked off inflation. Reuters | November 1, 2022 | 11:44 am
Copper price jumps on weaker dollar The head of the European Central Bank said further interest rises would come despite the rising probability of a euro zone recession. MINING.COM Staff Writer | November 1, 2022 | 9:16 am
China Hongqiao: Plan to shift aluminum output on track despite Yunnan’s power woes The government ordered primary aluminum producers to cut their power usage by at least 10% in September. Reuters | November 1, 2022 | 8:37 am
World’s top battery maker CATL grabs stake in DRC cobalt-copper miner The world's top battery maker is taking an almost 25% stake in CMOC Group, formerly known as China Molybdenum. Cecilia Jamasmie | November 1, 2022 | 6:01 am
Green energy transition, structural changes to sustain much higher rare earth prices New report says China now imports half its heavy rare earths while demand from EVs, renewable energy is absorbing higher prices. Staff Writer | October 31, 2022 | 2:26 pm
Breaking China’s grip on rare earths markets a ‘pipe dream,’ Australia says “That’s a country that has seen this need coming and made the most of it,” Resources Minister Madeleine King told Bloomberg News in an interview. Bloomberg News | October 31, 2022 | 12:53 pm
China shows the LME there are still buyers for Russian metal More than half of the copper in LME warehouses -- much of which was of Russian origin -- has been ordered out for delivery in the past three weeks. Bloomberg News | October 31, 2022 | 8:44 am
Zinc price hit lowest since March 2021 as factory data fuels concerns over steel demand Zinc’s losses tracked a steep sell-off in iron ore and steel markets, as China’s economy shows few signs of a decisive recovery. Bloomberg News | October 31, 2022 | 7:56 am