China insight
Iron-ore tumbles as recession fears fuel commodities selloff
Iron-ore and steel prices tumbled on Friday as prospects of a sharp global economic downturn fanned fears of a slump in demand for commodities, despite signs of a rebound in manufacturing activity in top metals consumer China. |
Australian resources exports to set new records
Australia’s resource and energy export earnings are estimated to be worth A$405-billion in 2021/22, and are forecast to rise to A$419-billion in 2022/23, delivering two successive record years, the Office of the Chief Economist reported on Monday. |
Tulla subsidiaries concludes iron-ore deal with Constance
Tulla Resources’ subsidiaries Central Norseman Gold Corporation (CNGC) and Pangolin Resources have entered into an offtake and funding agreement with Australia-based Constance Iron, for its Norseman iron-ore project, in Australia. |
Britain sanctions Russia's 'Nickel King'
Britain on Wednesday announced sanctions on oligarch Vladimir Potanin, described by London as Russia's second-richest man and who has been buying assets from firms exiting Russia over the invasion of Ukraine. |
SASAC adds 5 SOEs for capital investments
Experts: Expanded program key to helping firms grow, enhance their roles in real economy |
RWE and ArcelorMittal intend to jointly build and operate offshore wind farms and hydrogen facilities, for low-emissions steelmaking
To decarbonise its production sites in Bremen, Hamburg, Eisenhüttenstadt and Duisburg as planned, ArcelorMittal Germany needs renewable energy on a large scale. |
At Australia mine, Glencore balances reforestation drive, coal profit
At Glencore's aging Mt Owen opencut coal mines north of Sydney, a team of scientists and engineers is restoring woodlands to mined-out fields, aiming to burnish the company's environmental credentials with climate activists and shareholders who want it to back... |
Nation's coal king speeds up its green transition
The Inner Mongolia autonomous region is ramping up efforts to invest in new energy as China goes full throttle on its green energy transition. |
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