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Min Zhang

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

11:28am BST

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.

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

08 Jul 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.

Soft underbelly in China's steel sector boom points to bumpier economic recovery

22 Jun 2020

MANILA/BEIJING Behind the boom in China's steel production since March - and hopes for a quick economic recovery - is a tale of two diverging sectors: construction demand for infrastructure projects has been strong, while manufacturing has been slower to bounce back.

China steel body, producers call for domestic iron ore output boost

25 May 2020

BEIJING China's steel association and major steelmakers have called for an increase in domestic iron ore production as well as greater investment in exploration overseas to ensure supplies.

China copper inventories drop by most since September 2019

22 May 2020

SINGAPORE/BEIJING, May 22 Copper inventories in warehouses tracked by the Shanghai Futures Exchange (ShFE) dropped at the fastest rate in nearly eight months, weekly exchange data showed on Friday.

Slowly but steadily, China strives to make widespread virus testing the new normal

13 May 2020

SHANGHAI/BEIJING Beijing resident Wang Yukun was happy to comply in April when the construction firm he works for told him he'd need to take a test for the novel coronavirus before he could come back to work, even though he was at low risk of having the disease. | Video

Slowly but steady, China strives to make widespread virus testing the new normal

13 May 2020

SHANGHAI/BEIJING, May 13 Beijing resident Wang Yukun was happy to comply in April when the construction firm he works for told him he'd need to take a test for the novel coronavirus before he could come back to work, even though he was at low risk of having the disease.

BHP completes first yuan-based iron ore sale to China's Baosteel

12 May 2020

BEIJING The world's top listed miner BHP Group said on Tuesday it had made its first yuan-denominated sale of iron ore to China Baoshan Iron & Steel Co Ltd (Baosteel) and would explore using blockchain for such transactions in future.

BHP completes first yuan-based iron ore sale to China's Baosteel

12 May 2020

* BHP sells around $14 mln of iron ore settled in Chinese currency

China copper stocks drop most in over two and a half years in April

30 Apr 2020

SINGAPORE/BEIJING Copper inventories in warehouses tracked by the Shanghai Futures Exchange (ShFE) saw their biggest monthly decline since end-September 2017, as demand in China improved after it lifted virus-led restrictions, pushing businesses to resume operations.

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