China insight
Vale to sell 13% stake in base metals unit for $3.4 billion
Vale (NYSE: VALE) has reached two separate agreements to sell a total 13% stake in its transition metals business for $3.4 billion, aiming to boost its copper and nickel output. The deals would value the company’s base metals unit, Vale Base Metals (VBM), at ... |
First Quantum starts output at Africa’s biggest nickel mine
First Quantum Minerals Ltd. started production at what is set to turn into Africa’s biggest nickel mine, furthering Zambia’s aim of becoming a key supplier of battery metals for the electric vehicle revolution. |
Fortescue marks record shipment in full year
Iron-ore major Fortescue has reported record iron-ore shipments for the full year ended June following a strong June quarter. |
Huayou Cobalt boosts nickel capacity in Indonesia
China’s Zhejiang Huayou Cobalt said on Tuesday it will invest in a $200 million nickel sulfate project in Indonesia, expanding its production of the key battery raw material. |
Iron ore profits to drop by a third as miners eye China demand
Rio Tinto is the first of the global iron ore majors expected to report lower half-year earnings from this week, as supply chains normalize after Covid-19 and attention turns to how suppliers to China’s steelmaking industry see customer demand. |
Kumba lowers full-year sales guidance as logistics challenges persist
Kumba Iron Ore achieved a solid operational and financial performance for the six months ended June 30, despite ongoing logistics constraints and weak global steel demand impacting on iron-ore markets, while continuing to drive for zero harm and the eliminatio... |
Tycoon Jindal’s JSW Steel scouts for global coal mining assets
JSW Steel is on the lookout for coal assets globally as the tycoon Sajjan Jindal-led mill seeks to tie up raw material supplies for its expansions in India. |
Glencore backed and ready to hit production status: Pacific Nickel Mines
Pacific Nickel Mines (ASX: PNM) has submitted a notice for the final US$19 million of a US$22 million loan from mining giant Glencore to help develop its Kolosori Nickel Project in the Solomon Islands. |
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