China’s Minmetals signs JV exploration deal with Rio Tinto

Having trouble viewing this email?  View online China News Digest Wednesday 13 June 2018 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America Rio Tinto signs JV exploration deal with China's Minmetals The companies are committed to explore for mineral deposits first in the Asian country and then the rest of the world . read » Australia takes over Chile as world's No.1 lithium producer It produced 4,600 tonnes of lithium more than Chile in 2017 boosted mainly by record output at Mt Cattlin and Mt Marion mines. read » Iron ore price: Chinese imports rebound But port stocks hit new record. read » Copper price: Chinese concentrate imports hit 18-year high As scrap ban bites Chinese traders up May cargoes 37% year on year. read » Northvolt begins building Europe's largest lithium-ion battery plant The battery cell maker is working on the first section of the factory, in Skellefteå in the north of Sweden, which will be completed in 2020 and produce eight gigawatt cell capacity per year. read » Glencore faces third Congo legal challenge this year Congolese-American businessman and convicted fraudster Charles Brown claims he's owed $1 billion in compensation for a 19% stake he previously held in Mutanda Mining, and which Glencore allegedly sold in two fraudulent transactions, in 2007 and 2012. read » About 75,000 jobs to go in Germany's auto industry because of EVs — study The country's car industry currently employs about 840,000 people, with 210,000 of them working on powertrain production, the sub-sector set to be the worst hit. read » China's Tsinghua University unit to buy aluminium firm for $3.7bn Tianshan has annual aluminium smelting capacity of 1.4 million tonnes. read » Australia's Port Hedland iron ore shipments to China rise 2.4 pct in May Iron ore shipments from the world's biggest export terminal rose to 45 million tonnes in May from 42.6 million tonnes in the previous month. read » China's Inner Mongolia to close 22 small coal mines this year Inner Mongolia expects to complete a 2020 target of cutting 54.14 million tonnes by 2018. read » Cobalt battery boom wavers as prices slide in top user China A lull in purchasing by battery makers suggests the market is not yet short of supply. read » Billionaire schools teacher in NAFTA talks How did we get here and what does this ratcheted-up trade war mean for Canada, the United States and investors? read » Scotiabank to scrap half its metals business- sources ScotiaMocatta is curtailing lending to the physical metals supply chain and would refocus on major corporate clients. read » Thomson Reuters publishes GFMS Platinum Group Metals Survey 2018 Are the dark days for platinum set to last? read » Gold jewelry sales recovering in China, but platinum left on the shelf Chinese jewelry sales are a key component of global demand for both physical gold and platinum, accounting for 14% and 16% of consumption respectively. read » US lawmakers set bill seeking to control Trump on tariffs – key lawmaker Some Republican lawmakers warn that Trump could trigger a trade war that would destabilize the economy and ultimately hurt American workers. read » GO GOLD! Inflationary tariffs could supercharge the yellow metal "What I can say with full confidence, though, is that prices will rise—for producers and consumers alike—which is good for gold but a headwind for continued economic growth." read » US-China need new trade framework, says former negotiator The world's two biggest economies need to agree on a new framework that will allow both of their economic systems to co-exist. read » Metals merry-go-round: hiring picks up as prices recover More hires are expected as brokers eye opportunities from China's mainland exchanges opening to investors abroad. read » China's Chinalco starts $1.3bn expansion of Peru copper mine The investment will increase the mine's copper output by 45 percent by 2020, with the value of production exceeding $2 billion annually. read » Judge orders Chinese company to stop mining activities in Ecuadorian town A judge from the Ecuadorian province of Cuenca ruled that Ecuagoldmining South America S.A violated article 57 of the country's Constitution. 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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