China insight

Tianjin pushes forward comprehensive transformation of its iron and steel industry chain

Tianjin has pushed forward the comprehensive transformation of its iron and steel industry chain in recent years.

Friday, July 28, 2023

Vale to sell 13% stake in base metals unit for $3.4 billion

Vale (NYSE: VALE) has reached two separate agreements to sell a total 13% stake in its transition metals business for $3.4 billion, aiming to boost its copper and nickel output. The deals would value the company’s base metals unit, Vale Base Metals (VBM), at ...

Friday, July 28, 2023

First Quantum starts output at Africa’s biggest nickel mine

First Quantum Minerals Ltd. started production at what is set to turn into Africa’s biggest nickel mine, furthering Zambia’s aim of becoming a key supplier of battery metals for the electric vehicle revolution.

Thursday, July 27, 2023

Fortescue marks record shipment in full year

Iron-ore major Fortescue has reported record iron-ore shipments for the full year ended June following a strong June quarter.

Thursday, July 27, 2023

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
  • First  Prev  ...  124  125  126  127  128  129  130  131  132  133  ...  Next  Last