Over 650 GW of new onshore and 130 GW of new offshore wind capacity will be installed between 2018 and 2028, which will consume in excess of 5.5Mt of copper, according to new analysis by Wood Mackenzie. “Wind technology is the most...
Read moreAluminum Corp of China Ltd, also known as Chalco, said late Tuesday it would make a capital contribution of 352.85 million yuan ($49.75 million) to China Rare Earth, a subsidiary of its parent Chinalco, by injecting its gallium assets. Chalco’s...
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Read moreThe outlook is positive on overall Chinese demand for metals for the coming quarters, despite increasing risks to the global economies as the trade dispute between the US and China rolls on with bouts of escalation and de-escalation, Fitch...
Read moreChina will impose an extra 5% tariff on imports of copper scrap and aluminum scrap from the United States from Dec. 15, according to a list of retaliatory tariffs published by the Ministry of Finance late on Friday. Beijing had already levied a...
Read moreThe London Metal Exchange is preparing a new rule designed to reveal the huge stockpiles of metal held in private storage, shining a light on one of the industry’s most opaque areas for the first time. Owners would have to notify the LME if they...
Read moreChina’s alumina output rose by 5.4% year-on-year to 6.41 million tonnes in June, its highest in more than two years, according to data released by the National Bureau of Statistics on Tuesday. * Figure is highest monthly total since May 2017...
Read moreQianhai Mercantile Exchange (QME), a mainland China physical commodities bourse owned by Hong Kong Exchanges and Clearing Ltd (HKEX), has started spot trading of aluminium ingots and billets, HKEX said on Tuesday. Trading started on Friday, June...
Read moreIndustrial metal markets are taking a breather as they await tangible evidence that China’s latest stimulus package is feeding through to a flagging manufacturing sector. April’s purchasing managers indices, weaker than expected but...
Read moreChina’s copper concentrate imports fell 8% in March from the month before when imports were unusually strong due to restocking ahead of the Lunar New Year holidays, customs data showed on Friday. Arrivals of copper concentrate, or partially...
Read moreChina’s Chalco said on Friday it boosted annual aluminium output by 16% in 2018, putting it ahead of Russia’s Rusal as the world’s second-biggest publicly traded producer of the metal. The increase underscores China’s...
Read more* China’s refined copper output in January and February rose by 6.3 percent year-on-year to 1.34 million tonnes, the National Bureau of Statistics said on Friday. * Output on a daily basis works out at around 22,712 tonnes, according to...
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