Copper price jumps after rebound in imports by China

Having trouble viewing this email?  View online China News Digest Wednesday 9 August 2017 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America Copper price jumps to highest since 2014 Customs data show rebound in Chinese copper imports in July. read » Good and bad news from Japan-China oil sands projects in Canada On the bright side, the companies have started production of ultra-heavy crude oil at their Hangingstone Oil Sands Project in Alberta read » Iron ore soars at $76 a tonne The steelmaking raw material hit its highest level since April driven by the demand of China's steel industry read » Yancoal seeks $2.5bn from investors to pay for Rio's Aussie coal mines Former rival bidder Glencore will subscribe to $300 million worth of the rights offer. read » Rio Tinto's first-half profit soars 93%, investors getting $3bn back The company will return a total of $3 billion to shareholders: $2 billion on the dividend side and $1 billion of share buybacks. read » Philippines says open pit mining ban to stay put Environment and Natural Resources minister Roy Cimatu also said there was no rush to make decision on suspended, closed mines. read » Upbeat China data sends iron ore soaring, climbs the most in 8 months Ore with 62% content in Qingdao jumped 7.2% to $73.70 a tonne, according to the Metal Bulletin, the highest price since April 11 and the largest one-day percentage gain since December 1, 2016. read » Glencore acquires half of former Rio coal mine in Australia The Anglo–Swiss multinational announced that it signed agreements with Yancoal Australia regarding the acquisition of a 49 per cent interest in Rio Tinto's former coal assets in Australia's Hunter Valley read » US steel production falls back in June After strong start to 2017, US steel output growth for the first six months slows to just 1.3%. read » Peru hit by nationwide mining strike; govt says situation 'under control' The indefinite labour action involves 56 unions, which are protesting a government's proposed reform they see as "anti-workers". read » Iron ore soars past $70 a tonne Prices have climbed almost 7% since Monday and almost 32% since the recent low of $53.36 a tonne hit on June 13. read » Rio's revised iron ore guidance pushes price to three-month high From the recent low of $53.36 a tonne hit on June 13, iron ore prices have now surged more than 27%. read » North Korea ban lifts coking coal price Met coal hits 2-month high Friday as Chinese imports of steelmaking coal from totalitarian state drops 75% during first half of the year. read » Iron ore price hits 10-week high on China renewed appetite Ore with 62% content in Qingdao added $1.86 overnight to close at $65.91, the highest since May 3 and 20% more than those year lows hit mid-June read » Iron ore price jumps to 10-week high on China pollution crackdown Beijing's shuts 120 million tonnes of low-grade steel capacity in six months providing a boost for high-quality ore exporters. read » Eldorado finishes Integra Gold acquisition, expands operations in Canada Deal gives Eldorado full ownership of the Lamaque project near Val-d'Or, Quebec, which is expected to produce 123,000 ounces of gold at all-in sustaining costs of US$634 per ounce over 10 years. read » Lithium processors prepare to meet demand in era of electric car Producers of processed lithium – an essential element for batteries used in electric cars – are agreeing long-term contracts with their customers to fund the investments needed to address a looming shortfall. read » Copper price surges to 2-year high Chinese data, tight supply light fire under copper price launching copper mining stocks higher – Freeport up 15%. read » U.S., Chinese officials conclude contentious economic talks, steel stocks soar The United States and China failed on Wednesday to agree on major new steps to reduce the U.S. trade deficit with China, casting doubt over President Donald Trump's economic and security relations with Beijing. read » Read more China news on MINING.com » Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. 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