martes, 9 de octubre de 2018

Chile’s court ruling allows Tianqi to buy stake in lithium miner SQM

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China News Digest
Wednesday 10 October 2018
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The country's antitrust court has approved a deal between the competition regulator and Tianqi, allowing the Chinese miner to buy a nearly one-quarter stake in lithium producer SQM .

This winter, regulators are replacing hard caps on coal use and steel production with less strict targets.

The company said the investment would enable it to sustain production of its Pilbara Blend brand of iron ore and its Robe Valley lump and fines products.

Talks between the miner and China National Nuclear Corporation were confirmed by the country's energy minister.

The IPCC report highlights that coal now has its back very much against the wall, but equally that the real power for change lies in Beijing.

Get ready, gold bulls: The precious metal could be close to finding a bottom.

The weak pricing comes at a time when an oversupply of lithium has pushed down prices even as demand for the metal is expected to increase.

BHP has analysed the impact of China's Belt and Road Initiative (BRI), a network of overseas construction projects, on commodity demand.

Across the main auto markets, growth in electric vehicles is booming.

Coal currently feeds about 27% of the world's energy demand.

Several global metals producers have also set their sights on Indonesia's nickel reserves, looking to tap an expected surge in demand for the battery metal.

Physical demand saw an uptick in the world's biggest gold consumer, China, after prices fell to six-week lows this week.

As the world's top buyer of the steelmaking raw material looks to offer more hedging tools to iron ore producers and steelmakers.

The rare earths trade between the world's top two economies is largely one-way, with America reliant on China for about 80 percent of its supply.

Ford CEO Jim Hackett encouraged President Donald Trump's administration to resolve trade disputes quickly or it could do "more damage" to his company.

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