MINING.COM

Column: China’s export tax bombshell rocks aluminum market

China's announcement on Friday may have major long-term ramifications for the global aluminum supply chain, writes Andy Home.

Reuters | November 19, 2024 | 9:41 am

Iron ore price at one-week high on softer dollar, pre-holiday stocking

Underpinning prices is some mills kicking off buying seaborne cargoes to meet their production needs over the week-long Chinese New Year holiday break in January.

Reuters | November 19, 2024 | 6:41 am

China’s bid to rein in exports roils aluminum stocks and prices

China’s cancellation of tax relief on exports has left the aluminum industry scrambling to assess the impact on supply flows.

Bloomberg News | November 18, 2024 | 10:55 am

Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes

Analysts say near-term demand for iron ore remain strong, supporting prices.

Reuters | November 18, 2024 | 7:13 am

BHP warns Australian mining not ready for low-cost competitors

The boom in demand from China’s industrialization is now “past the period of aggressive growth,” BHP’s Australia President said.

Bloomberg News | November 17, 2024 | 4:44 pm

Aluminum price to average 6% higher in 2024, says Fitch Group’s BMI

Analysts also raised its 2024 aluminum price forecast from $2,400/tonne to $2,450/tonne to reflect these expectations.

Staff Writer | November 17, 2024 | 9:43 am

Aluminum price soars as China cancels tax incentive on exports

The export tax rebate was also removed for copper and lowered for some refined oil, solar, battery and non-metallic mineral products.

Bloomberg News | November 15, 2024 | 7:56 am

China’s copper buyers slash annual contracts with market in flux

For 2025, buyers in China will take less refined metal under yearly contracts than they did this year, including from producers like Chilean copper giant Codelco.

Bloomberg News | November 14, 2024 | 9:39 am

China producers rush to deliver surplus zinc to Shanghai exchange

Producers are rushing to send 30,000-40,000 metric tons of refined zinc to warehouses registered with the Shanghai Futures Exchange ahead of November contract expiry on Friday.

Reuters | November 14, 2024 | 9:13 am

First

Last

Antofagasta, Jiangxi agree major drop in 2025 copper TC/RCs

Mitsubishi Corp loses $90 million in suspected China metal fraud

China’s trade reprisals may extend to minerals like rare earths

Iron ore price gains as China stimulus hopes outweigh worries of escalating trade tensions

Canada mining group uses China ban to push back on Trump tariffs

Create FREE account or log in

to receive MINING.COM digests