martes, 13 de noviembre de 2018

China refutes reports accusing it of curbing rare earths output

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China News Digest
Wednesday 14 November 2018
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Beijing claims rare earth output quotas for the second half of 2018 only appear lower because the limit for the first six months of the year was for a larger portion of the total annual quota.

The world's largest miner has cut its economic growth forecasts for the world's two biggest economies as the superpowers engage in a "lose-lose" trade spat.

While the decision is final and not subject to appeal, one legal hurdle remains — Pampa Group, which controls SQM, earlier this month filed an additional appeal with Chile's TDLC antitrust court.

Global steel production stays strong in September with Chinese furnaces blasting at near record pace and US output surging 9%.

The combined miner plans to focus on Tier 1 assets, those producing at least 500,000 ounces of gold annually, with a mine life of more than 10 years and low costs.

Aussie mining tycoon Clive Palmer is being sued by China's largest conglomerate, CITIC, over his alleged "refusal" to co-operate in making more land available on a major iron ore project in Western Australia.

Nutrien's executive vice-president Michael Webb, described Julio Ponce, the Chilean miner's top shareholder and former chairman, as a "hypocrite" and urged him to "look beyond himself."

A rebound in mining mergers and acquisitions is set to continue into 2019, as a dearth of exploration spending leaves the industry in need of fresh investment.

The vessel performed a 138-day survey in the west Pacific.

We were initially skeptical about Diwali demand but it jumped this week, despite higher prices – Harshad Ajmera, the proprietor of JJ Gold House

Aluminium is a metal key for the transport and packaging industries but at current prices about 40% of the world's aluminium production is losing money.

The world's largest producer of rare earth minerals shipped 3,100 tonnes last month, versus 4,950 tonnes in September.

While lithium giants like SQM and Albemarle tangle with one another over scarce lithium brines and water, a beautiful lithium mine in Nevada's Clayton Valley is taking shape.

China this year has been exporting unusually high volumes of alumina, a substance used to make aluminium.

The state-owned metals and mineral trading firm also signed a 2,400 tonne nickel briquette purchase agreement with Japan's Sumitomo Corp.

What will define Chinese demand for iron ore is continued urbanization, infrastructure investments, auto production.

"Our vision is to be the world's leading uranium company" – Ni Tao deputy manager of China National Uranium Co Ltd

The most actively traded rebar on the Shanghai Futures Exchange closed down 0.2 percent at 3,933 yuan ($566) a tonne, and lost 2.9 percent for the week.

Workers at Chinese company Shougang Group's iron ore mine in Peru will return to work on Wednesday.

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