Dalian Opens New Customs Authority to Boost Bulk Commodity Trade

Dalian Opens New Customs Authority to Boost Bulk Commodity Trade

Dalian, an important port city in China’s Liaoning province, opened a new customs administration today to expedite the bulk trade of commodities in the country’s northeast, Xinhua News Agency reported. The jurisdiction of the Beiliang...

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Baowu, China’s Other Steelmakers to Study Iron Ore Prices After 40% Surge This Year

Baowu, China’s Other Steelmakers to Study Iron Ore Prices After 40% Surge This Year

Baowu Steel Group, China’s biggest steelmaker, and a number of other large mills have formed a working group in response to a 40 percent jump in the price of imported iron ore since the start of the year. The group will study the iron ore...

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China News Weekly 117 – Tesla to Open Shanghai Gigafactory by Year End, City Official Says

China News Weekly 117 – Tesla to Open Shanghai Gigafactory by Year End, City Official Says

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 Here to subscribe.

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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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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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China News Weekly 115 – China’s Desai to Build USD375.4 Million IoT Battery Plant in Guangdong

China News Weekly 115 – China’s Desai to Build USD375.4 Million IoT Battery Plant in Guangdong

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 Here to subscribe.

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Iron ore price at fresh 5-year high

Iron ore price at fresh 5-year high

News that Vale may be restarting full production at its 30m tonnes per year Brucutu mine sooner than expected did not stop traders from chasing iron ore to fresh 5-year highs on Friday. The Chinese import price of 62% Fe content ore advanced to...

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Iron ore, gold surge propel South African miners to 11-year high

Iron ore, gold surge propel South African miners to 11-year high

The twin tailwinds of rallying iron-ore prices and gold’s haven appeal have driven South African mining stocks to an almost 11-year high. Johannesburg’s FTSE/JSE Africa Mining Index gained as much as 2% Thursday to the highest since July 2008...

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Iron ore is surging, but not all producers are joining the party — opinion

Iron ore is surging, but not all producers are joining the party — opinion

While iron ore prices have surged to a five-year high above $100 a tonne, not all producers of the steel-making ingredient are sharing in the bounty. It’s no surprise that Brazil’s Vale is struggling. After all, it is largely the...

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Iron ore price tops $100 a tonne for the first time in 5 years

Iron ore price tops $100 a tonne for the first time in 5 years

Brazil’s Vale’s warning  that a tailings dams at its shuttered Gongo Soco mine in Minas Gerais is at risk of rupturing as soon as next week lit a fire under iron ore prices on Friday, sending the steelmaking raw material to a five-year...

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Back on the menu: Chinese steel mills regain taste for high-grade iron ore

Back on the menu: Chinese steel mills regain taste for high-grade iron ore

Chinese steelmakers are regaining their appetite for high-grade iron ore despite record-high ore prices, mill managers and traders say, as recovering profit margins spur plants to seek efficiency gains and ramp up output. Steel firms had been...

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