Nickel price catches battery, export ban fever. Again

Nickel price catches battery, export ban fever. Again

Nickel is adding shine to the otherwise lacklustre 2019 industrial metals complex, as expectations of booming demand from electric vehicles and renewed supply worries rev prices to a one-year high. Nickel is now up 37% since the start of the...

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Oil is fueling the commodities rally: 2019 halftime report

Oil is fueling the commodities rally: 2019 halftime report

Commodities were on mostly sound footing in the first half of 2019. The S&P GSCI returned more than 13% as of June 30, one of the best first six months in recent memory. It was not without its challenges, though. In a repeat of last...

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China copper imports in June fall 27% from a year earlier

China copper imports in June fall 27% from a year earlier

China’s unwrought copper imports in June fell 27.2% from a year earlier, official data showed on Friday, as a slowdown in the world’s second-biggest economy continues to weigh on demand for the metal. Arrivals of unwrought copper, including...

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China Approves USD2.6 Billion Plan to Build Three New Coal Mines

China Approves USD2.6 Billion Plan to Build Three New Coal Mines

China’s top economic planner has given the nod for three new coal mines, costing CNY18.2 billion (USD2.6 billion), to be built in the north of the country. One will be in Shanxi province and Inner Mongolia will house the remaining two, the...

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Mining stocks could rebound with help from Trump and China

Mining stocks could rebound with help from Trump and China

The backdrop for miners is ready to brighten in the second half of this year. They just need a resolution of the trade war between the U.S. and China to light a fire under their stocks. Metal prices and mining equities have been at the mercy of...

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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 iron ore posts best quarter in 2-1/2 years on supply issues

China iron ore posts best quarter in 2-1/2 years on supply issues

Iron ore prices in China hit record highs on Friday and booked their biggest quarterly gain since late 2016, buoyed by expectations that supply of the raw material in the world’s top steel producer will remain tight in the second-half of the...

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Factbox: China to Tighten Restrictions on Scrap Metal Imports From Monday

Factbox: China to Tighten Restrictions on Scrap Metal Imports From Monday

NEW restrictions on imports of scrap metal into China come into force on Monday, nearly two years after Beijing told the World Trade Organization it would stop accepting shipments of solid waste as part of a sweeping campaign against...

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Dalian iron ore rises as supply crunch concerns persist

Dalian iron ore rises as supply crunch concerns persist

China’s iron ore futures extended gains on Friday after touching a record high in the previous session, as concerns persisted over tight supply amid declining shipment from Rio Tinto and expectations of strong demand. Mining giant Rio Tinto on...

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Codelco leads $11 billion mining capital raising in 2019

Codelco leads $11 billion mining capital raising in 2019

A new report by GlobalData shows the value of capital raising deals in the metals and mining sector increased from the final quarter last year to over $11 billion in Q1 2019, despite the number of agreements inked falling sharply. GlobalData said...

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Copper market faces larger shortages, supply issues simmer

Copper market faces larger shortages, supply issues simmer

Copper’s price slide due to the escalating U.S.-China trade dispute suggests a deteriorating fundamental picture, but bubbling away in the background are supply side problems that are likely to lead to a tighter market. Copper is used in...

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