China opens border to Mongolian coal but market remains tight

Net supply impact for China only around 100kt in 2018 says new report.

The price of steelmaking raw materials in China rose for a second session on Monday on optimism that steel mills will replenish stockpiles as steel production increases and as iron ore inventories at ports decline.

The metals business is one of the largest copper, zinc and lead concentrates merchants worldwide, according to Louis Dreyfus.

The alleged dumping margins ranged from 12.1 percent to 231.7 percent, and U.S. imports of the products from China in 2017 were estimated to total $388 million.

While there may be scope to be bullish on the short- to medium-term outlook for coal, the risk factors for the industry appear to be mounting.

North American gold-backed ETFs rose 43.7 tonnes worth $1.9 billion in April.

The world’s largest potash miner said it expected to have an announcement on the matter by the end of June.

Political uncertainty, including Brexit negotiations, along with ongoing tensions in the Middle East will remain gold’s key drivers.

Chinese companies continue to aggressively try securing steady supply of lithium, a key ingredient in the making of batteries that power electric cars.