martes, 12 de diciembre de 2017

World's biggest floating solar power plant starts operating atop former Chinese coal mine

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China News Digest
Wednesday 13 December 2017
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China Three Gorges says this would be not only the largest but also the "most intelligent solar power project with the most advanced technology in the world."

The institution will stop all lending for oil and gas projects after 2019, with some exceptions.

November copper concentrate shipments to China hits all-time monthly high – annual iron ore imports set to easily surpass 2016's record 1 billion tonnes.

After pumping billions into the Indonesian mine for almost 25 years, Rio might be able to see a decent return as the country's government plans to acquire the miner's 40% stake in the coveted operation.

The shovels are in the ground at the Carmichael coal mine in Queensland but the bankers have yet to open their wallets.

Chinese steel futures bounced back Monday after three-day drop as output cuts in world's top producer deepened with China's anti-pollution campaign.

One of China's top copper smelters has reduced production by 20-30 percent to comply with winter output restrictions, a company official said on Thursday.

As the world's largest auto market, China was responsible for about half of the sales as the crackdown on polluting industries has propelled renewable alternatives from power generation to consumer products.

Chinese coke and iron ore futures fell further in trading Thursday, amid growing concerns that steel demand in world's top producer will decline for winter.

U.S. Steel Corp. led gains among major American producers of the metal after the U.S. slapped duties on some Vietnamese alloys made with China imports.

Spot ore with 62 percent iron content jumped 3.7 percent to $72.68 a metric ton, the highest since September 14, according to Metal Bulletin Ltd.

1 Year Iron Ore Fines Price
1 Year Copper Price
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