Global wind turbine fleet to consume over 5.5Mt of copper by 2028 — report

Global wind turbine fleet to consume over 5.5Mt of copper by 2028 — report

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...

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Chalco injects gallium assets into rare earths affiliate

Chalco injects gallium assets into rare earths affiliate

Aluminum 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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China News Weekly 125 – Outlook positive on Chinese demand for metals despite trade dispute — report

China News Weekly 125 – Outlook positive on Chinese demand for metals despite trade dispute — report

Click here to find more details This is NAI’s new China News Weekly. We will be covering the latest Chinese foreign investment trends every week. To continue to receive our China News Weekly, please click the button below to subscribe.

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Outlook positive on Chinese demand for metals despite trade dispute — report

Outlook positive on Chinese demand for metals despite trade dispute — report

The 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...

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China to Raise Import Tariffs on U.S. Scrap Copper, Aluminum From December 15

China to Raise Import Tariffs on U.S. Scrap Copper, Aluminum From December 15

China 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...

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LME readies rule that would reveal private metal stockpiles

LME readies rule that would reveal private metal stockpiles

The 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...

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China June alumina output rises to highest since May 2017 – stats bureau

China June alumina output rises to highest since May 2017 – stats bureau

China’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...

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HKEX launches spot aluminium trading on mainland China platform

HKEX launches spot aluminium trading on mainland China platform

Qianhai 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...

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China’s metals imports robust despite macro doubts

China’s metals imports robust despite macro doubts

Industrial 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...

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China March copper concentrate imports fall on-month, aluminium exports rebound

China March copper concentrate imports fall on-month, aluminium exports rebound

China’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...

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China’s Chalco leapfrogs Rusal as 2nd-biggest listed aluminium producer

China’s Chalco leapfrogs Rusal as 2nd-biggest listed aluminium producer

China’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...

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