Chinese data, strikes bring copper price back to boil
In New York on Tuesday copper for delivery in May enjoyed a third day of gains adding 1% to $2.6505 per pound or $5,843 a tonne on the back of upbeat economic data from China and continued labour disruptions at the world’s biggest mines.
China’s coal consumption keeps plummeting, down for 3rd year in a row
China’s coal consumption dropped in 2016 for a third year in a row, official data showed Tuesday, as the world’s top consumer and producer of the fossil fuel continued tightening environmental rules aimed at dealing with pollution.
China’s coal imports from North Korea ease after sanctions
China’s coal imports from North Korea eased last month after new U.N. Security Council sanctions curbing the isolated country’s sales abroad came into effect, while Russia, Mongolia, Australia and Indonesia raised shipments, data showed on Friday.
China may tighten up coal output curbs again as prices collapse
China may soon reinstate coal production curbs in an effort to avoid the return of an oversupply and improve the profitability of its heavily indebted coal industry.
In latest move, China halts over 100 coal power projects
China’s energy regulator has ordered 11 provinces to stop more than 100 coal-fired power projects, with a combined installed capacity of more than 100 gigawatts, its latest dramatic step to curb the use of fossil fuels in the world’s top energy market.
Copper price jumps as China imports hit all-time high
At the end of November copper hit an 18-month high on the back of optimism about the possible impact of president-elect Donald Trump’s $500 billion-plus infrastructure plan on the metal, widely used in construction, manufacturing transportation and power industries.
Metal Price Collapse And China Exodus Push Mongolia To A Risky Economic Brink
Once upon a time Mongolia was happening. Mining firms from Australia, China, Russia and North America were digging up the vast country for the likes of gold and copper. People had jobs and money to spend. Then in 2014 foreign investment began to fall along with a global decline in commodity prices. China’s step back [...]
China to plow $360 billion into renewable fuel by 2020
China will plow 2.5 trillion yuan ($361 billion) into renewable power generation by 2020, the country’s energy agency said on Thursday, as the world’s largest energy market continues to shift away from dirty coal power towards cleaner fuels.
China coal output, demand to rise even as excess under fire
China expects coal output and demand to increase by 2020 even as it aims to cut 800 million tonnes of outdated capacity as the world’s largest consumer of the fuel ramps up years-long efforts to tackle smog and make its manufacturing sector more efficient.
Хятадын эдийн засгийн ирээдүйн талаарх хүлээлт
Гуравдугаар сард Хятадын удирдлагууд 2016-с 2020 он хүртэлх ирэх таван жилийн төлөвлөгөөний арван гуравдугаар уулзалтаа хийлээ. Үүнд эртнээс л амласан 2020 он гэхэд 2010 оны ДНБ-ыг хоёр дахин нугалсантай тэнцэх ДНБ-тэй болох зорилго багтжээ. Энэхүү 2020 оны зорилгодоо хүрэхийн тулд ДНБ-ний жилийн өсөлтийг 6.5 хувиар өсгөх хэрэгтэй. Өнгөрсөн жилийн арван их наяд доллар 2020 он [...]
China bans North Korean coal- but only till January
Fresh UN sanctions against North Korea aimed at punishment for a nuclear test in September will be honoured by China, the reclusive regime’s most important trading and diplomatic partner.
China risks wasting $490 billion on unneeded coal plants — study
China risks flushing down the toilet half a trillion dollars on new coal plants, which according to a study released Monday, the country doesn’t even need.
Chinese policies to support higher coal prices Save to read list
Chinese government policies are expected to support a medium-term thermal coal prices of US$73 per tonne, according to a new report from Wood Mackenzie.
China relaxes coal mining restrictions as supply tightens
China’s top planning body has reversed some of the restrictions imposed in March to local coal miners, as reduced output has dramatically increased prices for the nation’s top energy source.
China reverses coal mining curbs as winter approaches
China adopted new rules to stimulate coal production on Thursday to counter surging prices and Premier Li Keqiang said the country had to balance demand for heating over winter with efforts to tackle pollution.
What Could China’s ‘Social Credit System’ Mean for its Citizens?
China’s authoritarian government is using big data to develop credit scoring systems and a so-called social credit system, while urging data-sharing between companies and governments. How should Chinese netizens and global citizens concerned about privacy react?
China to reach target in cutting coal overcapacity by year-end
China’s effort to cut surplus capacity in the coal industry and, at the same time, manage pollution in most of its major cities, are paying off earlier than anticipated, with the world’s largest producer of the commodity anticipating it will reach its targets by year-end, which is earlier than planned.
Extreme pollution forces China to shut down hundreds of coal, steel operations
China is stepping up its war on pollution by forcing hundreds of coal and steel companies to close or slash output in light of their transgressions to environmental and safety regulations.
China’s Closing Coal Mines Too Slow to Meet Capacity-Cut Targets
China urged state-owned coal producers to accelerate mine closures in order to meet year-end targets as part of President Xi Jinping’s drive to curb industrial overcapacity.
Thermal coal price hits 10-month high as Chinese buyers snap up cargoes
A crackdown by the Chinese government on surplus thermal coal has had a knock-on effect on the price – spelling good news for miners of the fuel that investors and energy consumers love to hate.
Chinese miners eye Glencore’s Kazakh gold operation
Chinese firms Zhongjin Gold Corp., Shandong Gold Mining Co. and Zijin Mining Group Co. are said to be competing for Glencore’s (LON:GLEN) gold mine in Kazakhstan, which the miner and commodities giant put up for sale earlier this year.
Copper, nickel prices retreat on weak Chinese export data
Well, that was shortlived. The rally that had investors clambering back into mining stocks came to an abrupt end today, as disappointing export data from China showed continuing signs of weakness in the world’s top commodities consumer.
Coal Prices Bottomed: China Metals & Mining Market Insight
Jefferies Hong Kong Limited believes coal prices have bottomed. QHD coal prices have increased Rmb19/ton from 4Q15 lows. Certain mine mouth prices have also ticked up. Low prices and “supply side reform” are quickly eliminating capacity. However, with demand plummeting and low-cost capacity still restricted, we believe prices will not materially recover. Output, however, should [...]
China’s Shenhua becomes net exporter of coal
China’s largest coal miner, Shenhua, saw coal production fall 8.4% in 2015, according to its latest operational data released to the Hong Kong Stock Exchange. Coal sales fell by 17.9%, while coal imports collapsed by 97.1% to just 200 000 t – and nothing in December 2015.