en_矿业资讯

China`s MMG cuts its 2014 zinc output forecast on rising prices

Source: www.chinamining.org   Citation: Reuters   Date: July 21, 2014

China`s MMG Ltd cut its 2014 zinc output target and said mounting supply concerns, heightened by the pending closure of its key Century mine in Australia, were driving world prices of the rust-inhibiting material higher.
   
The mine, one of the world`s biggest sources of zinc, is set to run dry next year, removing close to a half-million tons of the metal from the 13 million ton global market.
   
That has helped spark a rush among firms such as Glencore and Nyrstar to find new zinc deposits to feed rising demand from China which is buying the metal to rust-proof new cars and coat steel.
   
London Metal Exchange three-month zinc traded at its highest price in almost three years this week.
   
Prices have climbed 20 percent since late March.
   
MMG, the Hong Kong-listed offshore arm of China`s State-owned Minmetals Corp, cut on Thursday its 2014 output target to between 575,000 and 600,000 tons of zinc in concentrate from 600,000-625,000 tons, following an underperforming second quarter at the Century mine.

The Century mine`s second-quarter output was down 13 percent year-on-year to 110,891 tons. Nyrstar`s refineries in Europe are the main buyers of zinc mined by MMG.
   
"What we are seeing now is a recognition that not only Century but a number of other mines are coming to an end," Andrew Michelmore, managing director of MMG, said in a conference call with media and analysts.
   
"Concentrate is going to get tighter and tighter."
   
MMG`s Dugald River deposit in Australia is being assessed for future development, but at best will only partially replace lost output from the Century mine.
   
Canada`s big Brunswick and Perseverance mines closed last year, eliminating a combined 335,000 tons of zinc, while aging mines in Europe and Africa are also close to depletion.
   
Zinc is primarily used as an anti-corrosive in the galvanizing process.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year.  As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th -23^rd , 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

China`s June daily steel output at new high -stats bureau

Source: www.chinamining.org   Citation: Reuters   Date: July 16, 2014

China`s daily crude steel output rose 1.8 percent in June to hit a record 2.31 million tonnes, defying any seasonal downturn in demand, data from the statistics bureau showed on Wednesday.
   
Total output over the month reached 69.3 million tonnes, up 4.5 percent from the same month last year but dipping 1.6 percent from May`s record high.
   
On an annualised basis, output amounted to 828.6 million tonnes, according to Reuters calculations, which would represent a 6.3 increase on last year.
   
Despite soaring environmental costs, persistent overcapacity and widespread cash shortages throughout the Chinese steel sector, output has remained strong, with little indication that mills are adjusting production rates in anticipation of a summer slowdown in demand over summer.
   
"The rise in new export orders together with an improvement in demand have dragged production up," analysts at the Tangshan-based consultancy ChinaTSI.com said in a note.
   
However, the consultancy warned that there were no obvious signs that the increase in steel demand was being reflected by price increases, and more policy support would be needed to keep the momentum going over the next few months.
   
Steel product inventories fell over the course of June, according to the SteelHome consultancy, with rebar stocks SH-TOT-RBARINV dropping more than 11 percent to end the month at 5.98 million tonnes. Rebar stocks had surged to as high as 9.4 million tonnes in February.
   
With domestic demand still relatively weak, the sector has benefited from an improvement in exports. In the first half of the year, China sold 41 million tonnes of steel products overseas, up 33.6 percent compared to the same period of 2013.
   
The China Iron and Steel Association (CISA) warned in a research report earlier this month that apparent steel consumption in China was rising far more slowly than production, and by May had actually declined for four consecutive months.
   
It said 97.2 percent of additional output over the first five months of the year was diverted into exports.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year.  As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th -23^rd , 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

China`s Tianjin extends carbon deadline again

Source: www.chinamining.org   Citation: Reuters   Date: July 16, 2014

China`s Tianjin has extended the deadline for its biggest carbon producers to comply with the city`s emissions trading scheme a second time, giving companies two more weeks to hand over permits to the government.
   
The delay is the latest in a string of hiccups as governments and company officials in seven regions running emissions schemes gather experience in carbon trading, Beijing`s favoured approach for reducing greenhouse gases.
   
The 114 energy and industrial firms covered by the Tianjin market, were supposed to hand over permits to cover for their 2013 emissions on Thursday.
   
But the deadline has been extended to July 25, the Tianjin Climate Exchange announced, as the government needs more time to make final adjustments to permit allocations to companies whose 2013 emissions varied significantly from what had been expected.
   
Power and heat facilities were given 90 percent of their allocated lots last year. How much of the final 10 percent they will actually receive will be decided by their verified emission reports for 2013.
   
The permits will be issued next week, and could increase overall market supply.
   
Trading in the Tianjin market has increased slightly in recent weeks, but the total volume traded since the market began last December has only reached around 250,000 permits, of around 160 million permits that could be offered, indicating that demand is low.
   
The price rose to its highest level in March, when permits traded at 50 yuan ($8.07), but has since fallen to around half that.
   
"Tianjin gave out permits to manufacturers based on historical emission levels," said one expert involved in the allocation process who wished to remain anonymous.
   
"The government has no plan to take back surplus permits unless they have closed down their business," the expert added.
   
Observers have proposed the government tightens the cap for 2014 to incentivise emission cuts, but the government has yet to announce how many permits will be handed out for this year.
   
Trading of 2014 permits will start on July 28, the Tianjin Climate Exchange said Thursday.
   
LATEST DELAY
   
The extension follows delays elsewhere in the country.
   
The compliance date for the Beijing scheme was June 27, but the municipal government has yet to release any data. However, market sources say some 50 companies have yet to hand over permits to the authorities.
   
In Shenzhen, four companies missed a July 1 deadline, but according to news provider Crystal Carbon, three of those have now bought the permits they needed to meet their targets.
   
Guangdong province has extended its deadline to July 15. The local government has announced that by July 8, 69 percent of scheme participants had surrendered permits.
   
Shanghai is the only region where compliance has gone according to plan, with all emitters meeting the June 30 deadline.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year.  As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th -23^rd , 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

China`s rare earth exports up 61% in Jan-May

Source: www.chinamining.org   Citation: China Knowledge   Date: Jun.23, 2014

The export volume of rare earth ore, metals and mixtures in China, the world`s biggest rare earth supplier, surged 60.9% year on year to 12,544 metric tons in the first five months of this year, according to the figures from China Customs Statistics Information Centre.
   
The export value of rare earth ore, metals and mixtures edged up 0.4% year on year to US$177.03 million in the five-month period.
   
In the month of May 2014, the export volume of rare earths in China was 2,391 metric tons with export value of US$39.05 million.
   
China earlier released its rare earth export quota for 2014 at 15,110 metric tons, lower than 15,449 metric tons it released in the same period of last year. The quota comprised 13,314 metric tons for light rare earths and 1,796 metric tons for medium and heavy rare earths, China Knowledge reported earlier.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year.  As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th -23^rd , 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

Chinese gold demand seen flat to lower this year

Source: www.chinamining.org   Citation: Reuters   Date: Jun.20, 2014

Private sector gold demand in China, which last year surpassed India to become the world`s biggest consumer of the yellow metal, will be flat to slightly lower this year, a China Gold Association official said on Thursday.
   
Demand for gold jewelry in China remains strong but interest in gold bar investments is soft compared with last year because of concerns about further weakness in the gold price, said Xin Song, president of the China Gold Association.
   
Although gold gained nearly 3 percent on Thursday to rise above $1,310 an ounce on the back of a drop in the dollar, bullion prices are still down 22 percent since the start of last year and a third below their all-time peak in September 2011.
   
"Demand will be almost the same as last year, or a little bit less ... But for sure it will be over 1,000 tonnes," said Song, who was in Vancouver for an industry conference.
   
Chinese gold demand soared 41 percent last year to 1,176 tonnes, according to association figures. But in the first quarter of 2014, the increase in demand slowed to 0.8 percent to 323 tonnes, as a 44 percent slump in bar demand offset a 30 percent rise in jewelry demand. Gold bars are commonly used as either gifts or for investment.
   
Figures for second-quarter China gold demand will be published next month, Song said.
   
Robust Chinese demand has helped provide a floor for gold prices, which have been under pressure as a shift in U.S. Federal Reserve policy toward curbing monetary stimulus has reduced the appeal of gold as a safe haven and as gold-backed exchange-traded funds have been hit by big outflows.
   
China`s rising demand has helped counter a drop in demand in India, where a high current account deficit has forced the government to impose curbs on gold imports.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year.  As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th -23^rd , 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

China`s 10 nonferrous metal output up 5.4% in Jan-Apr

Source: www.chinamining.org   Citation: China Knowledge   Date: Jun.03, 2014

The combined output of ten nonferrous metals rose 5.4% year on year to 13.55 million tons in the first four months of this year, according to the latest statistics released by the National Development and Reform Commission.
   
The output of aluminum electrolytic rose 8.5% year on year to 7.69 million tons in the four-month period. The output of copper and alumina oxide see a growth of 6.6% and 7.9%, respectively.
   
The output of lead dropped 3.2% year on year in the period, and the output of zinc decreased 0.6% year on year in the first four months.
   
In Apr, the prices of major nonferrous metals reflect a decrease from Mar 2014. The average prices of copper and zinc futures on the Shanghai Futures Exchange stood at RMB 46,240 and RMB 14,731 per ton, down 5.4% and 1.7% from a month earlier, respectively. The average price of aluminum electrolytic was stood at RMB 12,843 per ton, down 2.2% from Mar or 11.8% from a year earlier.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year.  As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th -23^rd , 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

China restarting idle aluminum capacity as prices rebound

Source: www.chinamining.org   Citation: Reuters   Date: May.29, 2014

Chinese aluminum smelters are restarting some idled capacity after prices of the metal rebounded from five-year lows hit in March, also taking advantage of lower power costs promised by a province in the southwest, industry sources said.

The restarts could again drag on domestic prices in the world`s top producer and consumer of aluminum, triggering higher exports of both primary aluminum and its products and in turn weighing on the global market.

Severe oversupply of primary aluminum pushed down China`s domestic prices in March to their lowest since 2009, hitting smelters with massive losses and forcing them to close high-cost capacity. Aluminum on the London Metal Exchange had in February also been at its lowest in about 4-1/2 years.

Between late 2013 and end-April about 2 million tonnes of smelting capacity was closed in China, according to estimates by analysts at Xinhu Futures and state-backed research firm Antaike and executives at two smelters. That represented about 9 percent of the 23 million tonnes of annual capacity that was operating in December 2013 based on output data.

"About a quarter of the 2 million tonnes of closed capacity could be restarted in coming months," said an executive at a state-owned smelter. He declined to be named because he was not authorised to talk to media.

Antaike`s analyst Guo Qiuying in Beijing and Xinhu`s analyst Xu Hongping in Shanghai also expected some 500,000 tonnes of idled capacity to be restarted before the end of the year.

The nation`s top producer Aluminum Corp of China Ltd , hit by the tumbling prices, had reported a net loss for the first quarter twice that of a year ago.

But the capacity cut, couple with now firmer prices on the London Metal Exchange, have pushed up China`s aluminum market, with spot metal up about 8 percent from the March trough.

The prices are also expected to rise further as raw material costs climb due to Indonesia, the top bauxite supplier of China, halting exports of unprocessed ores in January.

Bauxite is the ore used for the production of alumina, the main raw material for primary aluminum output, and the shortages out of Indonesia are expected to curtail Chinese alumina production later this year.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year.  As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th -23^rd , 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

China refined copper output falls 1.6 percent on month in April

Source: www.chinamining.org   Citation: Reuters   Date: May.19, 2014

China`s production of refined copper inched down 1.6 percent on-month in April after maintenance cut production at two smelters and insufficient supply of scrap raw material drove down smaller plants` output.

China, the world`s top producer and consumer of refined copper, produced 584,277 tonnes of metal in April versus 594,075 tonnes in March, data from the National Bureau of Statistics showed on Friday.

The April production was lower than what was expected by state-backed research firm Beijing Antaike Information Development, the firm`s senior analyst Yang Changhua said. "I was surprised by the lower monthly official figure," Yang said, citing data collected by the firm.

He said that the firm had estimated the output should have risen from March. Tongling Nonferrous Metals closed 400,000 tonnes of smelter capacity for maintenance, a company spokesman said last month.

Production of refined copper from Jinchuan Group has fallen after one of two oxygen supply systems unexpectedly broke down in March.

The downed system is expected to be fixed by the end of June, a company source said.

Some refined copper producers faced insufficient supply of scrap raw material after weak prices and tight credit cut importers` spot buying last month and restricted selling of their stocks, industry sources said.

The April output was up 5.2 percent from a year earlier.

In the first four months of the year, refined copper production rose 6.4 percent on the year to 2.24 million tonnes, the data showed.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year.  As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on October 20^th -23^rd , 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.