Tag: China

China’s Iron Ore Imports Surge Despite Evergrande Crisis

China’s Iron Ore Imports Surge Despite Evergrande Crisis Evergrande

The first month of 2024 saw iron ore kick-off to a strong start, mainly due to increasing prices and substantial imports by China. Looking at iron ore futures, many investors were optimistic that the world’s largest purchaser of ore would continue implementing sufficient stimulus measures to enhance demand. Iron ore is a critical ingredient in […]

Rare Earths MMI: Prices Drop, Huge Rare Earths Reserve Discovered in Wyoming

Rare Earths MMI: Prices Drop, Huge Rare Earths Reserve Discovered in Wyoming rare earths

Month-on-month, rare earths prices exhibited sharp downward movement. While weaker downstream demand could potentially prove one culprit in the dropping prices, another potential factor is an increase in global rare earth production outside of China. If true, China could find itself bumped down the totem pole in terms of rare earth magnets dominance. Meanwhile, China’s […]

Construction MMI: U.S. Construction Industry Enters 2024 Lacking Skilled Craftsman

Construction MMI: U.S. Construction Industry Enters 2024 Lacking Skilled Craftsman construction

The Construction MMI (Monthly Metals Index) moved in a relatively sideways trend, only budging up 0.65%. Steel prices continuing to flatten out, along with bar fuel surcharges dipping in price, kept the index from breaking out of the sideways movement we’ve witnessed since December. As the index enters 2024, U.S. construction news continues to focus […]

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 […]

Is China’s Surge in Crude Oil, Coal, and Iron Ore Imports Really a Sign of Economic Strength?

Is China’s Surge in Crude Oil, Coal, and Iron Ore Imports Really a Sign of Economic Strength? China economic deflation

News coming out of China indicates the country set new records in 2023 for the import of crude oil, coal, and iron ore. The revelation caught many by surprise, but analysts caution that this may not really signify a robust demand for these essential materials. Nor does it indicate that there has been any reversal […]

Rare Earths MMI: China Bans Export of Rare Earth Metals Technology

Rare Earths MMI: China Bans Export of Rare Earth Metals Technology Chinese Trade Embargo

Overall, 2023 proved volatile for the Rare Earths MMI, with the sector experiencing sharp declines at the beginning of the year. This mainly stemmed from decreased Chinese production, supply chain disruptions, and the numerous nations seeking non-Chinese sources of rare earth metals. During Q2 and Q3, price action remained sideways, but global supply dynamics continued […]

Conflicting Reports Signal Chinese Aluminum Supply Uncertainty

Conflicting Reports Signal Chinese Aluminum Supply Uncertainty aluminum smelting aluminum supply

Conflicting reports continue to emerge from China regarding aluminum supply, demand, and production. Some information notes that the downturn in the country’s economy is largely due to the ongoing real estate crisis. As demand wanes, this poses questions regarding the internal pickup of aluminum and other base metals. However, other reports talk of the country […]

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, […]

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