China’s Qianhai Mercantile Exchange launches copper rod trading

China’s Qianhai Mercantile Exchange launches copper rod trading

The Qianhai Mercantile Exchange (QME), a mainland China spot commodities platform owned by Hong Kong Exchanges and Clearing Ltd, said it started trading in copper rods on Friday, adding to existing trade of alumina and aluminium products. A total...

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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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Tianqi Lithium’s Australia Unit Secures LG Chem Supply Deal

Tianqi Lithium’s Australia Unit Secures LG Chem Supply Deal

Tianqi Lithium Kwinana, a subsidiary of China’s Tianqi Lithium, has landed a five-year contract selling lithium hydroxide to LG Chem. The Western Australia-based unit will sell at least 15 percent of annual output at its new production...

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China eases restrictions on gold imports

China eases restrictions on gold imports

China has partially lifted restrictions on imports of gold, bullion industry sources said, loosening curbs that had stopped an estimated 300-500 tonnes of the metal worth $15-25 billion at current prices from entering the country since May...

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China’s Cross-Border Capital Flows to Remain Stable, Policies to Stay Consistent, SAFE Official Says

China’s Cross-Border Capital Flows to Remain Stable, Policies to Stay Consistent, SAFE Official Says

Exchange rate fluctuations are different from financial wars, and China’s regulators are fully prepared to deal with such volatility even if trade frictions escalate, Lu Lei, deputy director of China’s State Administration of Foreign...

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China Provides $1 Billion in ‘Green’ Finance to Coal Projects in First Half of the Year

China Provides $1 Billion in ‘Green’ Finance to Coal Projects in First Half of the Year

Chinese financial institutions provided at least $1 billion in “green” financing to coal-related projects in the first half of this year, a review of financial data showed, with fossil fuels still playing a major role in...

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China Unveils Reform to Help Firms Borrow More Cheaply

China Unveils Reform to Help Firms Borrow More Cheaply

China’s central bank said on Saturday it will improve the mechanism used to establish the loan prime rate (LPR) in a move to further lower real interest rates for loans in a market-based way. China’s LPR quotations will be based on...

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Ivanhoe, CITIC complete second major financing for Congo mines

Ivanhoe, CITIC complete second major financing for Congo mines

Canada’s Ivanhoe Mines (TSX:IVN) has received a second major strategic investment of C$612 million (about $490m) from its largest shareholder, China’s state-owned CITIC Metal, that will be used towards speeding up construction of a giant copper...

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Nearly 600 China-Listed Firms’ Average Net Profit Rose 20% in First Half

Nearly 600 China-Listed Firms’ Average Net Profit Rose 20% in First Half

The 595 Chinese domestic A-share listed companies that released first-half financial reports yesterday logged an aggregate net profit of CNY328 million (USD47 million), up 22 percent from a year ago. Of these, the net profit of 64 increased over...

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China to launch new round of coal mine safety checks

China to launch new round of coal mine safety checks

China will launch a new round of safety inspections on coal mines across the country from late August until end-September, the country’s coal mine safety watchdog said on Wednesday. The checks follow a spate of fatal coal mine accidents that...

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China News Weekly 123 – China January-July FDI up 7.3% Year on Year in  Yuan Terms

China News Weekly 123 – China January-July FDI up 7.3% Year on Year in Yuan Terms

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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