Iron – Bloomberg reported that Hong Kong-based China Yunnan Tin Minerals Group (HKG:0263) is planning to buy two open-pit iron ore mines in China for US$155 million, after one of its facilities closed due to an accident.
Articles Tagged "China"
Copper – The red metal ended mostly flat on Thursday, following a mixed bag of U.S. economic data.
Platinum – International Business Times reported that in 2014, platinum supply and demand fundamentals will be primarily driven by South Africa, China and Europe. Circumstances in all three countries are expected to keep the precious metal in deficit.
Coal – Bloomberg reported that this week, Kenya plans to sign a concession accord with China's Fenxi Mining Industry Co. to develop a deposit containing 400 million metric tons of coal. The move will allow the country to tender 31 more blocks spread across counties in both the north and south of the nation.
Coal – Reuters reported that China Kingho Energy Group, a private company, has made a $60-million bid for Carabella Resources Ltd. (ASX:CLR), an Australian coal explorer. The news outlet describes the move as indicative of China's interest in purchasing cheap coal assets in the land down under.
Iron – As China continues to urbanize, iron ore demand will remain robust, with prices staying in the $130 to $140 a tonne range for the next couple of years, says the executive VP of CFH Capital.
Lithium – In an interesting turn of events, Rockwood Holdings and Chengdu Tianqi Industry Group have formed a joint venture, resulting in Rockwood gaining a 49 percent stake in Australia-based Talison Lithium.
Oil – Brent crude futures climbed to a one-week high on Monday after economic data hinted that November saw a growing manufacturing sector in China, Europe and the United States.
Gas – CNOOC Ltd. (NYSE:CEO) — the Chinese state-owned company that a year ago acquired Nexen Inc — is now making plans to build a huge liquefied natural gas facility in northern British Columbia, the Vancouver Sun reported.
Moly – Metal Powder Report reported that according to the International Molybdenum Association, global molybdenum use in the second quarter of 2013 came to 127.3 million pounds, up 4 percent from the 122.6 million pounds produced in the previous quarter.