China insight

US Senator seeks probe of Ford Chinese partnership on Indonesia nickel processing plant

Republican Senator Marcio Rubio on May 3 asked the Biden administration to investigate Ford Motor Co's decision in March to join PT Vale Indonesia and China's Zhejiang Huayou Cobalt as their new partner in a $4.5 billion nickel processing plant in Indonesia.

Monday, May 8, 2023

China's major steel companies produce less pollution in Q1

China's major steel companies produced less pollution during the first quarter of 2023, according to data from the China Iron and Steel Association.

Saturday, May 6, 2023

Saudi Aramco, Baosteel, PIF sign agreement on new steel plate manufacturing complex

The complex is expected to advance the regional steel industry ecosystem with an estimated annual production capacity of up to 1.5 million tons.

Saturday, May 6, 2023

Baosteel, Saudi Aramco, and PIF to Jointly Build World's First Green and Low Carbon Steel Plant in Saudi Arabia

The plant will have a designed capacity of 2.5 million tons of direct reduced iron and 1.5 million tons of thick plate annually.

Saturday, May 6, 2023

Implats says metal output “at lower end” as loses refining capacity to Eskom curtailments

IMPALA Platinum (Implats) said refined platinum group metal (PGM) production would come in at the lower end of its three to 3.15 million ounce forecast for the 2023 financial year ended June 30 largely owing to power interruptions.

Saturday, May 6, 2023

India's Britannia Industries Q4 profit tops view on strong demand

Indian bread and biscuits maker Britannia Industries Ltd on Friday reported a bigger-than-expected 47% jump in quarterly profit as strong demand and past price hikes helped expand margins.

Saturday, May 6, 2023

Wyloo extends offer period of Mincor takeover

Mining exploration company Wyloo Metals has extended the offer period for its on-market takeover bid for all of nickel producer Mincor Resources' shares.

Thursday, May 4, 2023

Higher CPI, lower PPI require nuanced understanding

From the perspective of policy measures, the immediate task is to boost confidence of market entities rather than implement a strong stimulus.

Thursday, May 4, 2023
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