Tag: China

Zimbabwe’s $1.5 Billion Steel Plant Roars to Life

Zimbabwe’s $1.5 Billion Steel Plant Roars to Life AdobeStock 856381170 copy

Zimbabwe’s got itself a brand new iron and steel manufacturing plant, courtesy of the Chinese. This U.S. $1.5 billion Chinese-built plant’s blast furnace recently came online and is already producing pig iron, a crucial ingredient for making steel. The team over at Dinson Iron and Steel Company (Disco), the Zimbabwean subsidiary of Chinese steel giant […]

Copper MMI: Copper Prices Bounce On Market Optimism, Chinese Premium

Copper MMI: Copper Prices Bounce On Market Optimism, Chinese Premium copper prices today, bars with rising copper prices

Overall, the Copper Monthly Metals Index (MMI) fell 6.66% from June to July. Following a nearly 5% decline throughout June, copper prices found an at least temporary bottom at the end of the month. Prices rose 4.35% during the first week of July as market signals improved. There are numerous factors affecting copper prices today. […]

Rare Earths MMI: What China Further Tightening Rare Earths Means for the U.S.

Rare Earths MMI: What China Further Tightening Rare Earths Means for the U.S. China and micro chips

The Rare Earths MMI (Monthly Metals Index) took a steep dive in price action after a month of relative stability, dropping 14.4%. Terbium (both metal and oxide) yanked the index down tremendously, falling more than 16%. However, the rare earths index could yet experience some rebound from now until October, when China’s recent set of […]

Battle for Steel Supremacy: India vs. China in the Global Steel Trade

Battle for Steel Supremacy: India vs. China in the Global Steel Trade India and China, battle in steel manufacturing and the Steel industry

With a new government in place following the recent general elections, Indian steel manufacturing firms are again clamoring for the imposition of more import duties and other measures to curb cheap steel imports from China.  India ended up being a net importer of steel during the April-March 2024 period. According to provisional government data, this […]

China’s Economic Recovery Stumbles: Industrial Output Disappoints

China’s Economic Recovery Stumbles: Industrial Output Disappoints industrial production

Clearly, China’s economy is not yet back on the recovery track, as evidenced by the mixed bag of data for May released on Monday. According to data from the National Bureau of Statistics (NBS), industrial production in China saw a 5.6% increase in May 2024 compared to May 2023. However, overall production was also down […]

Aluminum MMI: Aluminum Prices Drop As Investment Funds Pull Back

Aluminum MMI: Aluminum Prices Drop As Investment Funds Pull Back Aluminum 1

Overall, the Aluminum Monthly Metals Index (MMI) rose 4.09% from May to June. Aluminum prices outperformed all other base metals throughout May, with a 5.28% rise. Prices found a peak at their highest level since June 2022 on May 29 before losing all of May’s gains during the first three weeks of June. MetalMiner’s Annual […]

Secret Weapon in the ‘Copper War’?

Secret Weapon in the ‘Copper War’? scrap copper

Copper demand continues to surge globally. And as the rest of the world struggles with the rising price of copper and the ever-changing copper market, guess who is sitting pretty? Hint: it’s China. Despite fears of a worldwide copper shortage driving copper prices to new highs, the world’s largest producer and consumer of refined copper […]

Raw Steels MMI: Steel Prices Decrease, Surge of Vietnamese Steel Imports Fuel Dumping Concerns

Raw Steels MMI: Steel Prices Decrease, Surge of Vietnamese Steel Imports Fuel Dumping Concerns SteelRolls

The Raw Steels Monthly Metals Index (MMI) remained sideways, with a modest 1.33% decline from May to June. As a whole, U.S. flat rolled steel prices appeared bearish, accelerating declines throughout June. HRC prices fell nearly 9%, their most significant month-over-month drop since February. CRC and HDG prices saw respective 6% declines, while plate prices […]

Lithium Rush: Global Scramble for ‘White Gold’ as China Dominates the Supply Chain

Lithium Rush: Global Scramble for ‘White Gold’ as China Dominates the Supply Chain AdobeStock 596360009

Dubbed “white gold,” lithium is immense valuable in the modern world. Though lithium prices dropped dramatically from the highs achieved in late 2022, China still dominates the lithium supply chain. This continues to spur on multiple countries looking to lay their hands on this valuable metal. Lithium is a critical component in rechargeable batteries for […]

China’s Bold Leap into Solid State Battery Research: The Charge of the Future

China’s Bold Leap into Solid State Battery Research: The Charge of the Future battery metals & solid-state battery

In the bustling world of battery innovation, China continues to make headlines. This time, it’s all about solid-state batteries. Over the past several years, the nation steadily powered up its battery metals research and development efforts, betting big on this game-changing technology. But why all the buzz? Let’s take a closer look at China’s recent […]

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