According to the Financial Times, China’s President Xi Jinping surprised the global community by announcing last month a hugely ambitious plan to improve China’s environment and make the country carbon-neutral by 2060. In addition, he said the country’s emissions would peak before 2030. But does this really mean anything? If it does, what impact will […]
Tag: China
China is leading the metals rebound
A relatively swift exit from pandemic lockdowns and the impact of stimulus-led infrastructure investment have powered China’s metals rebound. Furthermore, the Shanghai Futures Exchange has continued its summer disconnect from the London Metal Exchange aluminum price, which started in April of this year. The resulting arbitrage window has sucked in imports of aluminum primary and […]
India turns net exporter of steel to China amid weaker domestic demand
India turned a net exporter of steel to China (and other countries) during April-August 2020 for the first time in several years, credit rating agency CRISIL reported. See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters for your steel buy. India becomes net exporter amid domestic demand slump […]
This Morning in Metals: Copper prices gain momentum
This morning in metals news: copper prices gained momentum Wednesday; the rival of German steelmaker Thyssenkrupp rejected the idea of an alliance; and a Pakistani steelmaker is looking to ramp up its output amid a construction spike in the country. Stay up to date on MetalMiner with weekly, monthly, or quarterly updates – without the […]
China’s automotive sales gain for third straight month, up 11.6% year over year in June
China’s June automotive sales marked a third straight month of year-over-year sales increases.
China may be doing the heavy lifting for metals price support — but the legs are looking shaky
True to form, if not to scale, Beijing resorted to infrastructure spending this quarter to support the economy as it sought to pull the country out of government-imposed lockdowns in the first quarter.
India slaps anti-dumping duty on steel products from China, South Korea, Vietnam
India has imposed definitive anti-dumping duty on certain steel products imported from China, South Korea and Vietnam after an investigation established these items caused injury to domestic producers.
Greater than 6% growth could prove difficult for China to achieve ever again
Can China ever record economic growth greater than 6%? We don’t know, but if I were a betting man I’d say not. After contracting some 6.8% in the first quarter of this year, estimates vary with respect to what China’s GDP growth will be for 2020 in total. CRU expects between 2-3%, according to a […]
Beijing’s actions could imperil Hong Kong’s future
Many view tiny Hong Kong as something of an anathema — a hangover from the days of the British empire, part of China but not part of China, often missing the point that that is exactly its strength (or has been).
China has a bit of a dilemma … and by extension, so does the rest of the world
After the last crisis, China was instrumental in spurring global growth and helped pull the West and neighboring economies along with it. Through state stimulus, China achieved double-digit growth, far beyond what its underlying economy would have otherwise been capable.
