Copper – Reuters reported today that the State Reserves Bureau for China has bought 2000,000 tonnes of imported copper between March and April. According to its sources, Reuters said that the stockpiler plans to move the copper stocks to state warehouses by June, and will also sell off older copper to rotate stocks.
Articles Tagged "China"
Iron – Iron ore prices have lost 16 percent so far this year, and that trend does not look ready to change anytime soon.
Gas – Mirroring the expansion of the shale gas industry elsewhere, China is experiencing a boom in shale gas production.
Copper – Three-month copper on the London Metal Exchange fell 0.6 percent or $39.67 to trade at $6,611.75 a tonne on Tuesday, according to Reuters. As an economic slowdown seems only likely to continue in China, the red metal is still feeling the impact of concerns regarding Chinese demand.
Cobalt – Metal Bulletin reported that China’s March imports of cobalt concentrate were up 13.3 percent from the previous year.
Copper – Copper prices have picked up this week, but investors are anxious that a slowdown in China’s economic growth could reduce demand for the red metal.
Platinum – Bloomberg reported today that Morgan Stanley predicts the worldwide platinum deficit, augmented by over three month long miner strikes in South Africa, could last four years before it gets corrected.
Graphite – Industrial Minerals' Simon Moores reported yesterday that China's Heilongjiang province, the world's top flake graphite-producing region, has officially announced plans to start consolidating graphite mines in the next 18 months.
Rare Earth – The Wall Street Journal reported that China's Ministry of Commerce today plans to appeal the World Trade Organization's (WTO) ruling that the country's rare earth element (REE) export restrictions are in violation of global rules.
China's State Reserve Bureau reportedly plans to move forward with a new round of REE stockpiling and may also move to build up its REE export controls. Some analysts believe REE prices are set to rise as a result.