martes, 9 de enero de 2018

As China restricts scrap, metal companies look to process copper abroad

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China News Digest
Wednesday 10 January 2018
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China told the WTO it would stop accepting certain types of foreign solid waste, including metals, in 2018 if they didn't meet stricter impurity thresholds.

The Sanchi collided with a cargo ship about 260km off the coast of Shanghai.

Brazilian mining giant is retaining control of the TIPLAM port terminal, which was originally included in the deal.

Chinese media is reporting that a large deposit of silver has been found in the autonomous region of Inner Mongolia.

Beijing's clampdown on heavy industry continues to have positive impacts for miners outside the country.

Fresh Kakula resource estimate being prepared based on drilling completed to the end of December 2017.

Australia expects iron ore prices to average $51.50 a tonne this year because of rising global supply and moderating demand from top importer China.

Coal and iron ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favoring the heavily polluting devil they know over the uncertainties of a battery-powered future.

China plans to create several "super-large" coal mining companies by the end of 2020 as nation ramps up years of efforts to streamline the fragmented sector.

Cold weather is expected to hit regions across China in the coming week, bringing snow and rain that may cause disruptions at construction sites, one of the biggest consumers of steel.

The Bloomberg Commodity Index, which tracks returns on 22 raw materials, was poised for an unprecedented 15 days of gains on Thursday.

Increased supply from Indonesia and subdued demand from China are the main drivers behind the downward trend.

Chinese supply-side reforms, environmental cuts translate into higher prices and less Chinese production, "both of which benefit ex-China producers."

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