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Copper MMI: Copper Prices Remain Sideways as China Uncertainty Looms

Copper MMI: Copper Prices Remain Sideways as China Uncertainty Looms China Aluminum

Copper prices today remain trapped in a sideways range. Prices lack enough bearish or bullish momentum to establish a strong trend in either direction. Prices declined during the first weeks of January, falling to their lowest level since November. However, they rebounded in the second half of the month. This brought them a mere 0.52% […]

China’s Economic Jitters: Evergrande Liquidation Sparks Global Concerns

China’s Economic Jitters: Evergrande Liquidation Sparks Global Concerns

The recent liquidation order by a Hong Kong court of debt-ridden Chinese property giant Evergrande has once again raised that dreaded question: is China’s economy a ticking time bomb? It is a question experts continue to ask amid worsening Chinese construction news. Not long ago, two rival property construction firms, Evergrande and Country Garden, were […]

Copper Demand: Australian Exports to China Surge to Record High, Signaling Thaw in Relations

Copper Demand: Australian Exports to China Surge to Record High, Signaling Thaw in Relations

The frosty relationship between China and Australia continues to thaw, as evidenced in the bi-lateral trade indices indicate. Now, thanks to China’s growing copper demand, the world possesses one more indicator. According to recently released data, Australia exported 27,500 metric tons of copper ores and concentrates to China in November last year. At U.S. $44.5 […]

China’s Changing Appetite: The Future of Australia’s Iron Ore Supply, Iron Ore Prices

China’s Changing Appetite: The Future of Australia’s Iron Ore Supply, Iron Ore Prices iron ore futures

An expected slowdown in China’s uptake and a world that is increasingly moving toward “green” iron ore and steel will be two crucial drivers affecting the future of iron production. This is especially true for Australia, one of the world’s largest miners of raw iron ore. Should demand change or iron ore prices shift dramatically, […]

India and China Plan to Discuss Carbon Tax with the EU

India and China Plan to Discuss Carbon Tax with the EU EU Carbon tax to be discussed between EU, India and China

Both India and China continue to denigrate the Carbon Border Adjustment Mechanism (CBAM), or “carbon tax” as it has come to be known, proposed by the European Union. Meanwhile, the EU claims the new scheme is integral to its plan to achieve zero emissions across six earmarked industries. The new tax regime recently moved into […]

Iron Ore Price Index Soars 4% on China’s Economic Rebound, Easing Inflation in Sight?

Iron Ore Price Index Soars 4% on China’s Economic Rebound, Easing Inflation in Sight? Chinese economy

According to this report, the most-traded January iron ore on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trading 2.41% higher at 851.5 yuan (US$116.80) a metric ton. The next day, the iron ore price index surged by 4%, surpassing US $117 per ton. Trader optimism largely fueled the price jump, as many felt encouraged […]

Is the UK Government Playing Politics in the Tata Steel Port Talbot Transition?

Is the UK Government Playing Politics in the Tata Steel Port Talbot Transition? tata steel manufacturing

Tata Steel is in talks with the UK government to acquire £500 million ($630 million) in funding. The steelmaking multinational confirmed the funds would help the Port Talbot plant replace its operating blast furnaces with electric arc furnaces. The news comes as the Tata Steel share price recently reached a high for the year. “Given […]

China’s Relentless Pursuit of Lithium Battery Materials: A Growing Powerhouse

China’s Relentless Pursuit of Lithium Battery Materials: A Growing Powerhouse ewtrewtret

It seems that China’s hunger for lithium remains unsatiated. Indeed, a new S&P Global report highlighted the “red dragon’s” efforts to gobble up critical minerals, including lithium battery elements, from mines across the globe.  The report explained how China’s reach continues to grow in terms of minerals, particularly those critical to products that have major […]

Shake Up for Aluminum Prices? China’s Surge into Indonesia Sparks Market Shifts

Shake Up for Aluminum Prices? China’s Surge into Indonesia Sparks Market Shifts Deforestation: Excavators destroy rainforest to make way for oil

It’s called the “nickel model,” and China hopes to duplicate it for its aluminum industry. Indeed, after more than 20 years of fast growth, China’s aluminum sector recently reached its domestic capacity limit. The government imposed this ceiling on new smelter construction to cut down on pollution and energy consumption. Now, the policy spur significant […]

China’s Imports of Refined Copper Hit Four-Year Low

China’s Imports of Refined Copper Hit Four-Year Low Screenshot-2023-08-17-at-1.40.53-PM

In the first half of 2023, China’s intake of refined copper saw the biggest drop in four years. The news underscores the current deceleration of the nation’s manufacturing sphere. China is one of the world’s largest buyers of refined copper. Still, it seems the country’s appetite for imports is waning. According to a report by […]

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