China

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Malaysia has granted Australia’s Lynas Corp (ASX: LYC) an extension on its operating licence for a rare earths processing plant, subject to various conditions and valid only for six months, keeping alive concerns about the miner’s fate in the Southeast Asian country.
News ID: 5985    Publish Date : 2019/08/16

Eastern China ’s largest private ferrous scrap consumer and EAF steelmaker – Shagang Jiangsu Steel group has announced another price cut for all grades of domestic steel scrap procurement by RMB 30/MT (USD 4) effective from today 8th Aug’19. Notably, this is the second successive price lowering announced this week.
News ID: 5974    Publish Date : 2019/08/16

China 's first-half receipts of Russian thermal coal rose by 15pc from a year earlier to 9.4mn t, Chinese customs data show, with imports of bituminous coal registering the most significant growth. Russian suppliers benefited from restrictions on imports of Australian coal imposed by the Chinese government.
News ID: 5942    Publish Date : 2019/08/15

In 2019, although the global needle coke prices maintained an uptrend, the Chinese prices moved in the opposite direction. The country’s needle coke market was affected by the decline in graphite electrode prices, and the domestic prices dropped 30-40% compared to 2018. Whereas over the same period, the companies ex- China continued to raise the needle coke prices, resulting in a price surge of 20% Y-O-Y basis.
News ID: 5924    Publish Date : 2019/08/15

Chinese spot iron ore prices dropped today to USD 88.5/MT, CFR China , as on 13th Aug’19. The prices fell as against USD 95/MT, CFR China towards closing of last weekend. The drop is attributed to reduced demand, increased supply and lowered construction activities in China . Few Chinese mills have reached breakeven levels and hence, are moving ahead to limit production.
News ID: 5921    Publish Date : 2019/08/15

China 's refusal to buckle under US tariff threats is creating increasing strains on the oil market and global economy
News ID: 5877    Publish Date : 2019/08/12

Albemarle Corp (NYSE: ALB), the world’s No. 1 lithium producer, is delaying plans to add about 125,000 tonnes of processing capacity as an oversupply of the white metal used to make the batteries that power electric vehicles (EV) and high tech devices continues to push down prices.
News ID: 5864    Publish Date : 2019/08/08

After hitting almost 6 years high levels on tight scrap supply, eastern China ’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced the price cut for all grades of domestic steel scrap procurement by RMB 30/MT (USD 4) effective from today 6th Aug’19.
News ID: 5861    Publish Date : 2019/08/08

Gold futures rallied above $1,500 an ounce on sustained demand for the traditional haven as the US- China trade war festers, global growth slows and central banks around the world ease monetary policy.
News ID: 5834    Publish Date : 2019/08/07

China 's imports of iron-based metallics have increased at their fastest pace since 2012, as the country's steel producers seek to control pollution and find alternatives to scrap and iron ore.
News ID: 5823    Publish Date : 2019/08/07

New copper wire chopping capacity that came on line in the US over the last two years sought to convert an abundance of insulated wire into exportable, higher-quality grades in response to tougher scrap import standards from key consumer China .
News ID: 5820    Publish Date : 2019/08/07

Iron ore pellet prices were lower on the back of a broader fall in ferrous markets since yesterday.
News ID: 5797    Publish Date : 2019/08/06

Full Order Books – Krapohl-Wirth Company Group Satisfied with the Result of GIFA in June 2019 in Dusseldorf, Germany
News ID: 5795    Publish Date : 2019/08/06

After Liu Zhongtian, the largest shareholder of China Zhongwang Holdings Ltd had been accused of ditching the U.S. about US$1.8 billion in tariffs through a scheme, the company said on Sunday it was seeking legal advice on the matter.
News ID: 5791    Publish Date : 2019/08/06

The latest round of US tariffs on China could push Beijing to buy Iranian oil as a retaliationf, Bank Of America Merill Lynch announced.
News ID: 5787    Publish Date : 2019/08/06

For the past year, copper traded like a seesaw on the on-again, off-again hopes of a U.S. and China trade deal. Now it’s more like a rollercoaster ride down.
News ID: 5774    Publish Date : 2019/08/06

Gold hit a six-year high on Friday as investors piled into the safe haven metal amid an escalating US- China trade war, and the prospects of a return to ultra-loose monetary policy by the Fed.
News ID: 5741    Publish Date : 2019/08/05

This week global billet market witnessed some trades from Iranian mills to China . The prime reason for China importing billets is imposition of environmental restrictions production. The other prime markets remained silent amid disparity between bids & offers.
News ID: 5736    Publish Date : 2019/08/05

Indian mill heard to have concluded a bulk parcel of 50,000 MT granulated pig iron (GPI) last week to China at around USD 340-350/MT FOB India east coast, SteelMint learnt from market sources.
News ID: 5731    Publish Date : 2019/08/05

Domestic plate prices have remained stable this week after witnessing continuous correction over seasonal slowdown with onset of monsoon season and thin trades happening in domestic market.
News ID: 5730    Publish Date : 2019/08/05

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