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Australia boosts iron ore exports as trade shrugs off China bans

Australia expects to log record revenue from iron ore exports this financial year, as global steel-making recovers and the country bounces back from punishing trade sanctions on other exports applied by a hostile China. A government report...

Battery grade lithium prices in China surge 68%

Domestic Chinese battery-grade lithium carbonate prices assessed by Benchmark Mineral Intelligence are on a tear in 2021 after bottoming out in the second half of last year, following a lengthy slump. Ex-works lithium carbonate in China (≥99.5% Li2CO3) jumped...

China says domestic competition hurting rare earth prices

China’s rare earths, a group of 17 minerals used in military equipment and consumer electronics, are being undersold due to “vicious competition” domestically and face low resource utilisation, the country’s industry minister said on Monday.Prices for...

China fails to learn from Trump backfire in trade war, is losing against Australia

China is paying a heavy toll for its efforts to punish Australia by banning or restricting certain commodity imports, while conversely, Australia seems to have avoided any serious financial ramifications so far.It is perhaps surprising that...

Will Biden force China into a green energy investment race?

Newly inaugurated US President Joe Biden has hit the ground running after only a few days in office, with ambitious plans unveiled and a score of executive orders signed reversing much of the Trump administration's environmental...

Iron ore price rallies on record-breaking China steel output

Iron ore prices continued to climb on Monday as data revealed record-breaking steel production numbers in China, which forges more steel than the rest of the world combined. According to Fastmarkets MB, benchmark 62% Fe fines imported...

What China’s increasing control over cobalt resources in the DRC means for the West – report

Market analyst Roskill published a report where it states that China’s increasing control over copper and cobalt resources in the Democratic Republic of the Congo could pose a threat to western market participants.The threats are related to the security of...

China’s rare earth boom to pause for lunar new year, supply to tighten

(ATF) Prices of mainstream rare earths in China have been on a rapid rise this year. Wind data shows that as of January 13, the A-share rare earth index has risen nearly 12% in 2021. Thanks partly to a complete...

China’s 2020 copper imports hit record high

China imported record volumes of unwrought copper and copper products on an annual basis in 2020, while its annual exports of aluminum fell to the lowest since 2017. Imports of unwrought copper and copper products for the year...

Iron ore price turns higher again after record China imports

Iron ore prices climbed back up to near decade highs on Thursday after customs data showed record-breaking imports by China, which forges more steel than the rest of the world combined. According to Fastmarkets MB, benchmark 62%...

First Cobalt signs supply deal with Glencore, eyes China Moly contract

First Cobalt Corp said on Tuesday it signed a deal with Glencore and has agreed a tentative pact with a unit of China Molybdenum Ltd for cobalt supplies from the Democratic Republic of the Congo.The agreements...

China rare earths outlook for 2021, prices expected to rise

Last year a ‘control’ index was drawn up for rare earth mines as China became more aware of the strategic value of this sector; This was a counter lever to US sanctions in the trade war,...

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