China insight

Huayou Cobalt boosts nickel capacity in Indonesia

China’s Zhejiang Huayou Cobalt said on Tuesday it will invest in a $200 million nickel sulfate project in Indonesia, expanding its production of the key battery raw material.

Thursday, July 27, 2023

Iron ore profits to drop by a third as miners eye China demand

Rio Tinto is the first of the global iron ore majors expected to report lower half-year earnings from this week, as supply chains normalize after Covid-19 and attention turns to how suppliers to China’s steelmaking industry see customer demand.

Wednesday, July 26, 2023

Kumba lowers full-year sales guidance as logistics challenges persist

Kumba Iron Ore achieved a solid operational and financial performance for the six months ended June 30, despite ongoing logistics constraints and weak global steel demand impacting on iron-ore markets, while continuing to drive for zero harm and the eliminatio...

Wednesday, July 26, 2023

Tycoon Jindal’s JSW Steel scouts for global coal mining assets

JSW Steel is on the lookout for coal assets globally as the tycoon Sajjan Jindal-led mill seeks to tie up raw material supplies for its expansions in India.

Tuesday, July 25, 2023

Glencore backed and ready to hit production status: Pacific Nickel Mines

Pacific Nickel Mines (ASX: PNM) has submitted a notice for the final US$19 million of a US$22 million loan from mining giant Glencore to help develop its Kolosori Nickel Project in the Solomon Islands.

Tuesday, July 25, 2023

Phenom Signs Offtake Agreement with Japanese Vanadium Solid-State Battery Company And Gains a 5% Equity Interest

Phenom Signs Offtake Agreement with Japanese Vanadium Solid-State Battery Company And Gains a 5% Equity Interest

Tuesday, July 25, 2023

Rio’s $1 billion aluminium venture

Rio Tinto has entered into a joint venture with North American-based Giampaolo Group to manufacture and market recycled aluminium products.

Monday, July 24, 2023

LME expects more fast-track listings after approval of new nickel brand

The London Metal Exchange (LME) said on Thursday it had approved nickel produced by Quzhou Huayou Cobalt New Material, a subsidiary of China’s Zhejiang Huayou Cobalt, as a list brand and expects more brand applications in coming months.

Friday, July 21, 2023
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