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Topic

The battery boom created a new lithium superpower in China

By: Bloomberg     10th October 2018 With a ruined 13th Century castle, the Irish town of Carlow is an unlikely staging post in the super-charged rise of a key player in China’s push to dominate the global electric-vehicle revolution. Ganfeng Lithium Co. sent a team to the town -- a 90-minute drive southwest of Dublin -- in 2013,... 

The Californian rare earths mine caught between Trump and China

By: Bloomberg     27th September 2018 The only operating rare earths mine in the US - and once the world’s biggest -- is caught up in the crossfire of the Trump administration’s trade war with China. Rare earths, an esoteric group of materials used in everything from Tesla Inc. automobiles to high-tech military equipment, were... 

Chinese petcoke buyers turning to Russia, Mideast after US tariffs

By: Reuters     21st September 2018 Chinese importers of petroleum coke are buying more volumes from Russia and the Middle East due to a hefty tariff on shipments from the United States, previously one of China's main sources of the material used in aluminium and cement production. China slapped a 25% tariff on US petroleum coke,... 

750 t SANY excavator expected to be a big hitter in the mining industry

21st September 2018 What is believed to be the largest excavator in Africa has been launched by Goscor Earth Moving (GEM), part of the Goscor Group, and official distributor of SANY. The SY750 is a primary loading tool for the mining industry, from opencast to alluvial diamond mining. The 750 t excavator is ideal to... 

With copper options, China steps up challenge to London, New York rivals

By: Reuters     20th September 2018 The Shanghai Futures Exchange (ShFE) will launch copper options trading on Friday, aiming to take a slice of a $270 billion global market in one of its biggest challenges yet to London and New York rivals. The product, which follows the launch of sugar and soymeal options last year, comes as... 

US–China trade tensions to shackle copper prices

By: Reuters     29th August 2018 Copper prices have recovered from a recent rout, but the possibility of the trade dispute between the Washington and Beijing escalating and its potential to crimp demand in China, the world's top consumer, is expected to cap gains. Benchmark copper on the London Metal Exchange at $6 100 has... 

Sweden's Granges halts plans for US aluminium joint venture

By: Reuters     17th August 2018 Sweden's Granges put on ice on Friday plans to form an aluminium manufacturing joint venture in the United States with Japan's Mitsubishi Aluminum Co, saying that the project was less attractive in "current circumstances". It did not specify what circumstances it was referring to though a Granges... 

Russian miners explore payment schemes eschewing dollar

By: Reuters     15th August 2018 Two of Russia's biggest mining companies said on Wednesday they were investigating rouble-based payments schemes, amid calls from Moscow to reduce the role of the US dollar in Russian trade and so limit the impact of US sanctions. The Kremlin said on Monday that Russia favoured bilateral trade... 

Core agrees funding and lithium supply term sheet with Meidu

By: Esmarie Iannucci     30th July 2018 Lithium hopeful Core Exploration has inked a non-binding term sheet with a subsidiary of Shanghai-listed Meidu Energy for the offtake of up to 150 000 t/y of lithium concentrate from the Finniss project, in the Northern Territory. Meidu subsidiary RuiFu Lthium, which is one of China’s largest... 

Coal market puzzled as China flashes conflicting output data

By: Bloomberg     23rd July 2018 Investors looking to China’s official production data to help divine where coal prices are heading might need to be extra cautious. Coal mining figures from the National Bureau of Statistics are flashing mixed signals. The agency pegs first-half output up 3.9% from a year ago. 

Citi sees 'copper on steroids' as Trump slump masks shortage

By: Bloomberg     18th July 2018 Copper’s slump amid a deepening global trade conflict offers a long-term buying opportunity, according to Citigroup, which shrugged off fears for world growth to boost its long-term forecasts. “Prepare for a decade of Dr Copper on steroids,” analysts including Max Layton and Tracy Liao wrote in a... 

Copper slides to 1-year low, zinc sinks in broad selloff

By: Reuters     11th July 2018 Copper prices slumped to their weakest level in a year and zinc fell to 13-month lows amid a broad selloff on Wednesday after the Trump administration said it would slap 10 percent tariffs on an extra $200-billion worth of Chinese imports. US President Donald Trump’s latest tariff threat... 

Stocks decline as Trump reloads the tariff bazooka

By: Bloomberg     11th July 2018 Stocks fell, the dollar gained and commodities slid with emerging-market assets after the US fired a new shot in its brewing trade war with China. S&P 500 futures slumped with the Stoxx Europe 600 Index and MSCI Asia Pacific Index following the Trump administration’s release of the biggest list... 

Copper's collapse tops $1 000 as Trump picks a fight with China

By: Bloomberg     6th July 2018 Copper’s flashing a powerful warning about expectations for economic growth after US President Donald Trump chose to embark on a major escalation of his administration’s global trade war, imposing tariffs on $34-billion of imports from China, which vowed to respond in kind. The metal has lost... 

China says former Rio Tinto executive Stern Hu released from prison

By: Reuters     4th July 2018 China's Foreign Ministry said on Wednesday that Stern Hu, an Australian citizen and former Rio Tinto executive jailed in China on bribery charges eight years ago, has been released. Ministry spokesman Lu Kang made the announcement at a daily news briefing in Beijing. 

Cobalt battery boom wavers as prices slide in top user China

By: Bloomberg     11th June 2018 Cobalt is facing its first major test since an impending demand boom from electric vehicles triggered a two-year surge, with prices retreating in top consumer China amid signs there’s still enough material to go around. The price for cobalt sulfate – the chemical form used in car batteries and... 

Rusal warns on ability to operate from October as CEO quits

By: Bloomberg     24th May 2018 United Co Rusal’s CEO resigned after less than three months in the role, as the Russian firm warned that trade partners and international lenders could cut ties with the company if US sanctions aren’t lifted after October 23. The world’s biggest aluminum producer outside China also said the... 

Forevermark appeals to Millennials with new flagship store in China

By: Marleny Arnoldi     23rd May 2018 De Beers Groups’ Forevermark brand has launched Libert’aime by Forevermark – a new flagship store in Shanghai, China.  

No deal yet for Santos shareholder

By: Esmarie Iannucci     16th May 2018 Shanghai-listed ENN Ecological Holdings on Wednesday refuted claims that it had reached an agreement with Santos suitor Harbour Energy over its 10.31% shareholding in the takeover target. ENN has advised Santos that the media speculation around its dealings with Harbour had been inaccurate,... 

Positive growth for African copper industry expected

By: Victor Moolman     20th April 2018 Market research firm BMI Research (BMI), a member of the Fitch Group, predicts positive production growth for the copper mining industry and in copper mine project development across Africa in its copper market research report ‘Global Industry Overview’, released last month. BMI commodities... 

Chile's SQM says lithium industry needs at least $10bn investment over 10 yrs

By: Reuters     18th April 2018 The global lithium industry will need $10-billion to $12-billion of investment over the next decade to meet surging demand amid the electric vehicle boom, an executive of Chilean miner SQM said on Wednesday. Demand for the metal is set to grow by 600 000 t to 800 000 t of lithium carbonate... 

Nornickel exec says in talks with battery makers on investments, cooperation

By: Reuters     18th April 2018 Russia's Norilsk Nickel, or Nornickel, is in talks with battery makers over possible investment in its mining assets, but is also interested in downstream joint ventures in return, a company executive said on Wednesday. "We might be interested in having some deeper cooperation, say on the... 

BHP to produce nickel sulphate next year, eyeing cobalt on battery boom

By: Reuters     18th April 2018 BHP Billiton is expanding its business as a supplier of battery minerals at its nickel refinery in Western Australia, planning to start producing nickel sulphate next year and looking at cobalt output as well, a company executive said. Cobalt and nickel are both critical ingredients for lithium... 

Aluminium soars as sanctions force top exchanges to block Rusal

By: Bloomberg     11th April 2018 Aluminium headed for the highest close since January, extending its hottest three-day streak since 2009, after top exchanges said they’ll stop accepting metal from United Co. Rusal, deepening supply fears after the US slapped sanctions on the Russian group. The metal advanced 1.4% to $2 231 a... 

Deripaska's Rusal and aluminium market roiled by US sanctions

By: Bloomberg     9th April 2018 Russian aluminum maker United Co. Rusal’s stock plunged about 40%, while prices of the metal surged, after US sanctions on the company and its billionaire owner Oleg Deripaska prompted the producer to warn of potential debt defaults and “materially adverse” consequences. The stock fell to... 

Cobalt upstarts add capacity in Congo as prices triple

By: Bloomberg     27th March 2018 A little-known cobalt miner in the Democratic Republic of Congo plans to ramp up output so fast it will soon be out-produced only by industry leader Glencore. Chemaf, a closely held Lubumbashi-based company, and several other firms are capitalizing on a boom in demand that’s transforming small... 

China iron-ore, steel extends losses as lofty China inventories weigh

By: Reuters     20th March 2018 Chinese iron-ore prices fell further on Tuesday, a day after posting their biggest daily drop in almost ten months as high inventories and a weak domestic steel market pressure prices. Near-term inventory risks have dampened the outlook for steel and iron-ore prices short term, Argonaut said in a... 

China steel hub orders new output cuts in push for blue sky

By: Bloomberg     14th March 2018 China’s top steel-making city is imposing further production cuts beyond the winter heating season as the nation presses ahead with a campaign for cleaner skies that has rattled steel and iron-ore markets. Tangshan City, the country’s steel-producing hub, has ordered a two-tier system of... 

Global platinum demand expected to increase marginally in 2018

By: Nadine James     8th March 2018 Global platinum demand is expected to increase marginally this year, based on a 2% recovery in jewellery demand in Asian markets, as well as a 6% demand increase for industrial applications. This combined with a 2% decline in supply, owed to mine closures in South Africa, will have resulted in a... 

Africa’s leading industry trade fair prepares to open its doors

By: Creamer Media Reporter      6th March 2018 The countdown has begun: bauma CONEXPO AFRICA opens its doors for the third time in one week. The largest trade fair for construction machinery, building material machines, mining machines and construction vehicles in Africa continues to attract international participation, highlighted by four... 

World refined copper deficit widens to 195 000 t – ICSG

By: Henry Lazenby     21st February 2018 The global refined copper balance for the first eleven months of 2017 indicates a deficit of about 195 000 t, some 27% wider than at the same time a year earlier, the latest data from the Lisbon-based International Copper Study Group (ICSG) shows. The think tank attributed the widening deficit to... 

M&R committed to deliver sub-Saharan power and water prospects as mega-project era draws to close 

By: Creamer Media Reporter      14th February 2018 The Power & Water business platform within JSE-listed engineering and construction group Murray & Roberts (M&R) is beginning to shift its attention from Eskom’s two megascale power station projects, in Limpopo and Mpumalanga respectively, to tackling a range of smaller opportunities in various... 

China iron-ore imports hit 2nd-highest on record on restocking

By: Reuters     8th February 2018 China's iron-ore imports jumped to the second highest level on record in January as the world's top buyer built stockpiles ahead of the Lunar New Year holiday and the lifting of steel production curbs next month. Shipments of the steelmaking raw material in January climbed 19% from December to... 

China's gold consumption rises 9.4% in 2017 – state TV

By: Reuters     1st February 2018 Gold consumption in China grew by 9.41% from the previous year to 1 089 t in 2017, state television CCTV reported on Thursday, citing figures from the China Gold Association. Sales of gold jewellery in China were up 10.35% to 696.5 t, while those of gold bars – bought as a safe-haven investment... 

Chinese steel mills win domestic iron-ore pricing in some 2018 contracts

By: Reuters     25th January 2018 Chinese steelmakers have succeeded in a push to include domestic iron-ore price indices in some 2018 annual supply contracts with global miners, four industry sources said, as the world's top buyer boosts its clout over pricing of major commodities. The move marks a major step in the evolution... 

Copper production declined in first ten months of 2017 – ICSG

By: Schalk Burger     23rd January 2018 Worldwide copper mine production declined 2.6% in the ten months to October 2017, while concentrate production declined by 2.2% and production through solvent extraction-electrowinning declined by 4.3% in the same period, according to the intergovernmental copper body The International Copper... 

Thakadu’s nickel plant secures R50m black industrialist grant

By: Martin Creamer     23rd January 2018 Innovative metals and energy company Thakadu Battery Materials has secured a R50-million black industrialist grant from South Africa’s Department of Trade and Industry (DTI) for the construction of its pure nickel sulphate plant in North West province, which will make use of platinum producer... 

Top China nickel producer joins BHP in prepping for EV boom

By: Bloomberg     18th January 2018 China’s top nickel supplier aims to boost output of a material used in car batteries by 40% this year, joining the ranks of global producers ramping up operations to meet demand from electric vehicles. Jinchuan Group Co expects to raise production of nickel sulphate to 70 000 metric tons from 50... 

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