Industry Updates
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China to further open gold market: PBOC
(Agencies)
China will let more banks import and export gold and open trading further to foreign companies as near-record prices and falling stock markets spur demand in the world's second-largest buyer of the meta...
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Fragmented steel sector to see production cutbacks
By Zhang Qi (China Daily)
Around 300 million tons of excess production capacity will be cut from China's fragmented steel sector as consolidation forges ahead, industry experts said on Friday.
The State ...
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Ore miner ends talks over price
By Zhang Qi (China Daily)
One of the "big three" iron ore producers has cut China's national ore negotiating body out of the equation, electing to deal directly with steel makers that want to buy its pro...
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China may run with Brazil ore
By Zhang Qi (China Daily)
Chinese steel mills would prefer to import more iron ore from Brazil rather than Australia after the detention of four Shanghai-based employees of multinational miner Rio Tinto on charges...
Business News
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Global mines may cut iron ore prices in Oct
(Agencies)
The top three global mines may cut iron ore prices by around 10 percent in October as China's demand for the mineral falls.
Brazil's Vale, the world's biggest iron ore producer, would cut iron ...
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Chalco expanding hunt for resources
By Zhou Yan (China Daily)
Aluminum Corp of China Ltd (Chalco), the nation's biggest maker of the metal, on Tuesday said it will diversify into other natural resources like coal, copper and rare earths.
&...
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China steelmakers likely to raise prices in Sept
(Agencies)
Big Chinese steelmakers are likely to raise their product prices in September after a rebound in the steel market over the last several weeks, the China Securities Journal said on Monday.
The n...
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Chinalco inks African JV with Rio
By Zhang Qi (China Daily)
Aluminum Corp of China (Chinalco) on Thursday signed a $1.35 billion agreement with global miner Rio Tinto to develop the Simandou iron ore project in the West African country of Guinea. ...
Research reports
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Global and China Lithium Carbonate Industry Report, 2008-2010 (3rd Edi...
Lithium is the lightest metal and widely applied in the sectors such as battery, ceramics, glass, aluminum, lubricant and refrigerating agent, as well as the nuclear and photoelectric, and the lithium carbonate is the basi...
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China Non-Ferrous Metal Industry Report, 2008
At present, China's non-ferrous metal industry has a momentum of a slowdown growth after years of rapid growth. The reasons for the slower growth in the industry are as follows. Firstly, China's non-ferrous metal productio...
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Investment Report of China Steel Industry, 2000-2008
Stimulated by the continuous growth of China's economy and booming demand in the international steel market, China's steel industry has developed rapidly since 2000. China's output of crude steel nearly quadrupled in the p...
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Pollution Report of China Steel Industry, 2007-2008
China with rich coal resources ranks the first in the world in terms of coal reserves. In 2007, China's coal output and sales grew about 9% to 10%, and the profit growth rate of China's coal companies hit around 35% agains...