Edition:
United Kingdom

Tom Daly

Red-hot white-goods demand stokes China manufacturing, metals use

01 Dec 2020

Booming sales of fridges, toasters and microwaves to households across the locked-down world have helped propel China's mammoth manufacturing engine back to life, super-charging demand for key metals like steel, copper and aluminium.

RPT-UPDATE 3-Tianqi Lithium gets 1-month reprieve on $1.9 bln loan repayment

01 Dec 2020

* Lithium producer had $1.9 bln of loan repayments due by end-Nov

UPDATE 3-Tianqi Lithium gets 1-month reprieve on $1.9 bln loan repayment

30 Nov 2020

* Lithium producer had $1.9 bln of loan repayments due by end-Nov

Miners, smelters still divided on copper processing charges

27 Nov 2020

Copper miners and smelters are late agreeing charges for processing concentrate for next year, three sources with knowledge of the talks said, with smelters seeking a rollover while miners are pointing to a tight spot market.

UPDATE 2-China lifts renewable power subsidy for 2021 by nearly 5% y/y

20 Nov 2020

* Total subsidy for 2021 set at 5.95 bln yuan - finance ministry

RPT-China's new copper futures add another card to global yuan deck

17 Nov 2020

Nov 17 China will roll out a new copper futures contract this week that will be open to foreign traders, in a push to boost yuan adoption and wrest some pricing power away from the established industry benchmark in London.

China's new copper futures add another card to global yuan deck

17 Nov 2020

Nov 17 China will roll out a new copper futures contract this week that will be open to foreign traders, in a push to boost yuan adoption and wrest some pricing power away from the established industry benchmark in London.

UPDATE 2-China Oct aluminium, 10 nonferrous metal output hits monthly record high

16 Nov 2020

Nov 16 China's monthly aluminium output in October rose 9.7% from a year earlier to a record high, official data showed on Monday, as new smelting capacity ramped up to cash in on strong prices.

Codelco's China customers baulk at copper premium rollover - sources

03 Nov 2020

Nov 3 Chinese state-run copper buyers have not accepted Chilean copper producer Codelco's offer to roll over the price premium for metal deliveries in 2021, three sources with knowledge of the matter said this week.

China's Delong Holdings targets 20 mln T of steel output in Indonesia

26 Oct 2020

Oct 26 Chinese steelmaker Delong Holdings said it has signed a letter of intent to lift the annual capacity of its steel project in Indonesia to 20 million tonnes - more than three times the volume the Southeast Asian country produced last year.

World News