Shipping gauge shows iron ore, copper prices heading for fall

Having trouble viewing this email?  View online China News Digest Wednesday 14 March 2018 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America Shipping gauge shows iron ore, copper prices heading for fall CHART: Baltic Dry Index has plummeted 32% since December, opening up huge gap to closely correlated industrial metal prices. read » Russia and China to work on joint uranium mining project The Russia-China Investment Fund for Regional Development will kickstart the financing for a uranium mining project. read » Countries evaluate actions to offset the effects of Trump's tariffs Reactions continue to pour in following U.S. President Donald Trump's imposition of 25 per cent tariffs on steel imports and 10 per cent for aluminium for almost every country but Mexico and Canada. read » Gold and titanium nanowires restore vision in blind mice Researchers from Fudan University and the University of Science and Technology of China tried curing blindness using gold and titanium. read » More countries want to be exempt from Trump's tariffs Brazil, Argentina, Japan and the EU have expressed concerns about the measure. read » Copper, iron ore prices drop as Chinese imports plunge But the customs data look worse than it is. read » Copper price felled as Chinese factory reading drops most in 5 years Slowdown in Chinese manufacturing blamed on impact of Beijing's pollution clampdown, cooling construction sector. read » Iron ore price jumps to 10-month high China's war on smog benefitting exporters of high-quality ore as domestic steelmaking output cuts are extended. read » Canada the world's overall top mining destination, despite Saskatchewan fall That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year. read » Glencore gives investors $2.9bn in dividends after 'strongest' results ever The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise. read » Vale's iron ore output hit record high in 2017 Output of the steelmaking material reached 366.5 million tonnes last year, boosted by record high productionat Vale's northern system, which composed of its Carajás, Serra Leste and the massive S11D mine. read » China state planner approves coal mine in Inner Mongolia, another two in Xinjiang China's state planner said on Tuesday it has given approval for a coal mine to be built in Inner Mongolia. read » China's Zijin Mining interested in Serbian copper mine RTB, Belgrade says Serbia has tried and failed three times since 2007 to sell the debt-laden mining complex. read » Chile files complaint to block sale of SQM shares to Chinese companies Chile's antitrust regulator FNE will need to review the complaint. read » China spreads the love to all sources of energy, even hated coal China mines and burns about half the world's coal, so it can't totally ditch it. read » Tesla chief executive asks Trump for 'fair outcome' on China trade Elon Musk took to Twitter to call on U.S. President Donald Trump to challenge Chinese auto trade rules. read » Platinum market forecast to remain in balance in 2018 Global platinum supply is forecast to be 7,815 koz in 2018, a decline of 2% from 2017. read » Why electric vehicles could fracture the nickel market: Andy Home The EV story is a strong, slow-burn bull case for higher nickel prices. read » EU warns Trump of trade war, China raises concerns at WTO Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war, after the resignation of his economic adviser emboldened those encouraging him to push ahead with tariffs on imported steel and aluminium. read » Glencore's talks to sell cobalt to Chinese firm falter on price Price is a sticking point as Glencore and other major producers are now able to exert more influence in negotiations, sources said. read » China to cut more coal, steel output to defend 'blue skies' China's state planner pledged on Monday to cut more steel and coal production capacity this year. read » China's staggering demand for commodities It's said that in China, a new skyscraper is built every five days. read » U.S. energy industry slams Trump's 'job-killing' steel tariffs The U.S. oil and gas industry slammed Trump's plan to impose tariffs on imported steel, saying the move would kill energy jobs by raising costs for big infrastructure projects. read » Trump says US to impose tariffs on steel, aluminum imports China has indicated it could retaliate against US steel tariffs by targeting imports of US agricultural commodities. read » Mongolia's Oyu Tolgoi mine to lift force majeure Majority owner Turquoise Hill Resources Ltd said that it expected to make up any sales-related effect over the next few quarters. read » Lithium glut? No way, say industry executives eyeing demand Prices for lithium have more than doubled in the past two years on forecasts for massive demand from the electric vehicle industry. read » US copper stocks sprint to record high, reflecting transport costs, weak demand Copper stocks held in warehouses registered with COMEX in the United States stand at 228,428 tonnes, up from below 90,000 tonnes at the start of 2017. read » Russia's central bank gold hoard is now bigger than China's Russia has overtaken China as the fifth-biggest sovereign holder of gold. read » China Hanking bids for Australia's Primary Gold China Hanking, already owns 8.4 percent of Primary Gold, a company with interests in the Coolgardie gold project in Western Australia and the Mt Bundy gold project in the Northern Territory. read » Mosaic says quarterly revenue rises 12 pct Company said rising potash and phosphate prices boosted net sales. read » Moody's bullish on base metals, US steel Base metals should continue to do well in 2018 along with the US steel industry, though American coal will continue to lose ground to natural gas.  read » US Commerce Department proposes hefty import curbs on steel, aluminum Some U.S. lawmakers and steel and aluminum users have urged caution in any restrictions to avoid disruptions or price spikes in the raw materials. 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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