Brazilian mining company Vale and Ningbo Zhoushan Port Group has held a ceremony on Aug 25 in Ningbo to celebrate the inauguration of the Shulanghu Grinding Hub, the firm's first such operation in China.
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Yantai Port sets world record in iron ore unloading
Yantai Port in East China's Shandong province set a new world record in unloading efficiency after unloading an average of 12,438 tons of iron ore per hour from a single ship.
Shanghai gold futures close higher
SHANGHAI - Gold futures closed higher Wednesday in daytime trading on the Shanghai Futures Exchange.
The most active gold contract for December 2020 delivery jumped up 12.38 yuan ($1.77) to close at 444.06 yuan a gram.
The total trading volume for eight listed gold futures contracts on the exchange was 431,476 lots, with a turnover of about 189.46 billion yuan.
China launched gold futures in January 2008.
Aussie mining giant BHP posts record iron ore output on strong Chinese demand
SYDNEY - Australian mining giant BHP has recorded its largest quarterly output of iron ore ever from the company's Western Australian (WA) operations, due to strong demand from Chinese steel mills.
Demand for copper and cobalt set to see rapid growth
China's "new infrastructure" construction plan, particularly charging piles for new energy vehicles, 5G base stations, ultrahigh voltage power and intercity high-speed railways, may boost demand for metals like copper and cobalt, industry experts said.
Thermal coal options trading launched in China's Zhengzhou
ZHENGZHOU - Thermal coal options started trading on the Zhengzhou Commodity Exchange (ZCE) in central China's Henan province Tuesday.
It is the sixth option issued by ZCE, which launched thermal coal futures trading in September 2013.
Chalco to source bauxite from Africa
Move of central SOE to ensure supply of raw materials amid COVID pandemic and further increase self-sufficiency
Aluminum Corporation of China Ltd (Chalco), a centrally administered State-owned enterprise, is set to send its first shipment from a bauxite mine in Boffa, Guinea soon, the company told China Daily in a written statement.
Xinhua-China Iron Ore Price Indexes dip
BEIJING, Sept. 24 (Xinhua) -- The Xinhua-China Iron Ore Price Indexes for the period from Sept. 17 to 23 fell on Tuesday, with the price index for imported iron ore containing 62 percent iron standing at 93 points, down 4 points from the previous week.
U.S. crude oil inventories increase last week:API
HOUSTON, Sept. 24 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported a build of 1.4 million barrels in the U.S. crude oil inventories for the week ending Sept. 20.