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Tom Daly

China gold consumption plunges in first half, but shows signs of recovery in second quarter

Jul 28 2020

BEIJING China's gold consumption fell 38% year-on-year in the first half of 2020, hurt by the coronavirus and a slowing economy, although demand started to recover in the second quarter, the China Gold Association said on Tuesday.

China raises annual rare earth mining quota to record high in 2020

Jul 16 2020

BEIJING China raised its mining quota for rare earth minerals by 6.1% in 2020 to a record annual high, the natural resources ministry said, in the effort to ramp up production of the prized minerals.

UPDATE 3-China June soybean imports hit record on big Brazilian cargoes

Jul 14 2020

BEIJING, July 14 China's monthly imports of soybeans leapt to a record high in June, jumping 71% from a year earlier, customs data showed on Tuesday, as a flurry of cargoes arrived from top supplier Brazil.

China's Nanjing Iron & Steel seals blockchain iron ore deal with Rio Tinto JV

Jul 08 2020

BEIJING, July 8 China's Nanjing Iron & Steel Co Ltd said on Wednesday it has completed its first blockchain-backed trade in iron ore after booking a $16.87 million shipment of the steelmaking ingredient from a joint venture of miner Rio Tinto.

Copper's bull run at risk as China enters slow summer season

Jul 03 2020

SINGAPORE/BEIJING A stunning V-shaped recovery in the price of copper is looking stretched as top consumer China enters its summer construction slowdown and fears of supply disruptions from the coronavirus have been mostly priced into the market.

China copper smelters cut third-quarter treatment charge floor: sources

Jul 03 2020

BEIJING China's top copper smelters on Friday cut their floor treatment and refining charges (TC/RCs) for copper concentrate in the third quarter by 3.6% from a year ago, according to two people with knowledge of the matter, amid concerns over tight supplies.

Antofagasta reaches early copper supply deals with China smelters

Jul 02 2020

BEIJING China's top two copper smelters clinched copper concentrate supply deals with miner Antofagasta for the first half of 2021, two sources with direct knowledge of the matter said on Thursday.

China's Chalco shuts down 10% of its alumina capacity

Jul 02 2020

BEIJING Aluminum Corp of China Ltd, known as Chalco, said on Thursday it would implement "flexible production", a phrase used to refer to output cuts, at three alumina production lines accounting for about 10% of its total capacity.

All tangled up: China confusion leaves scrap metal stranded overseas

Jun 28 2020

BEIJING China is dragging its feet in releasing new codes governing high-grade copper and aluminium scrap imports, leaving scrap metal firms abroad confused and without a clear way into their key market.

Beijing tests food and parcel couriers as coronavirus checks widen

Jun 20 2020

BEIJING Officials in Beijing are carrying out tests to detect traces of coronavirus on all food and parcel delivery workers in an effort to rein in a new outbreak, state-backed media reported on Saturday.

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