CHINA

China stainless steel output up 11.1% in 2011 - but could be 20% higher

Wednesday , 01 Feb 2012
As another indicator of Chinese industrial growth output of stainless steel there rose by 11.1% to 12.5 million tonnes but could actually have been 20% higher.

China enhances position as world No. 1 gold producer - but where's it all going?

Wednesday , 01 Feb 2012
China's gold output rose again in 2011 confirming its position as global No. 1 producer, but is it surreptitiously taking all its domestic production into its reserves?

WTO ruling on China’s raw materials exports may not ease REE constraints

Wednesday , 01 Feb 2012
Despite the successful challenge of Chinese export restrictions on raw materials at WTO, the European Commission and the United States probably won't make much headway on China's REE quotas.

Vale/China iron ore ship dispute deepens

Wednesday , 01 Feb 2012
China closed off its ports on Tuesday, denying Brazilian miner Vale access to berth its giant iron ore carriers, a move likely to worsen the growing trade dispute between the two countries.

China loses WTO appeal to restrict exports

Tuesday , 31 Jan 2012
The WTO ruled on Monday against China's request to restrict exports of materials, a move that could make it harder for major commodity exporters to withhold supplies on the global market.

China's MCC expects reduced 2011 net profits

Monday , 30 Jan 2012
The company announced Monday on the Hong Kong Stock Exchange that it expects reduced net profits of between 20% to 30% for 2011 compared with 2010.

China's Dragon Lunar New Year sets gold buying records

Monday , 30 Jan 2012
Gold fever swept China during the week-long Lunar New Year holiday with gold bullion and gold jewelry sales exploding since the Year of the Dragon began.

Gold traders welcome Chinese new year celebrations

Tuesday , 24 Jan 2012
The week-long celebrations in China to usher in the year of the dragon are set to boost demand for gold and traders say 2012 looks set to be another good year for the metal

Australia and Brazil remain China's main iron ore sources

Monday , 23 Jan 2012
Customs data showed on Saturday that even though China diversified its spot iron ore buying away from India in 2011, largely in favour of South Africa, most of its purchases still came from top suppliers Australia and Brazil.

LME copper falls on China data; still near 4-month high

Friday , 20 Jan 2012
Despite a fall on Friday because of a slowdown in demand from leading consumer China, London copper remains on track to reach near a four-month high.

'The Chinese really love gold' - Banks pushing citizens to buy

Thursday , 19 Jan 2012
With gold consumption in China expected to overtake that of India in the next few years, some of the country's leading banks are already reaping the benefits as customers flock to new gold products.

China's New Year of the Dragon firing up gold demand

Wednesday , 18 Jan 2012
Once again the onset of the Chinese New Year is boosting gold sales in China which is challenging India as the World's biggest gold market.

The phenomenal rise of the Chinese gold market

Tuesday , 17 Jan 2012
As Chinese gold demand gathers pace alongside internal income growth, the country may move to exert dominance over the global gold market.

Goldman Sachs reckons copper to be boosted by China growth pick-up

Tuesday , 17 Jan 2012
Re-accelerating Chinese growth will make for better base metals markets - notably copper - say Goldman Sachs analysts

China launches first physical iron ore trading platform

Monday , 16 Jan 2012
The country hopes the new platform will help strengthen its pricing power and wrest control from Vale, BHP Billiton and Rio Tinto, which between them control three quarters of global seaborne ore supplies.

Baosteel's 2011 net profit down 43.4%

Monday , 16 Jan 2012
The Shanghai-based steel company said in a filing to the Shanghai stock exchange on Saturday that while revenue rose 10.2%, net profit for the year fell to 7.3 billion yuan.

China's largest steel company 2011 profits dive 43%

Saturday , 14 Jan 2012
Baosteel cautious over steel market in early 2012 after big fall in profits in 2011.

Strong Chinese gold buying buoys bullion's appeal

Friday , 13 Jan 2012
Gold traders are the most bullish they have been in two months after data indicated that China imported record levels of gold from Hong Kong

Copper snaps gains as China prepares for Lunar New Year break

Friday , 13 Jan 2012
LME copper slipped to its lowest in three days, as interest from Chinese consumers slowed ahead of the long Lunar New Year holidays.

China announces its largest rough diamond discovery in 30 years

Friday , 13 Jan 2012
The Liaoning province's Geology and Minerals Exploration Bureau has announced the discovery of a million carat rough diamond deposit and claims the diamonds are purer than those found in South Africa

Is it the People's Bank of China that is doing all the gold buying?

Thursday , 12 Jan 2012
Sharps Pixley CEO, Ross Norman, reports back from a trip to China and looks at some of the drivers behind the yellow metal's strength

Are China's gold imports reaching panic proportions?

Thursday , 12 Jan 2012
China's latest gold figures showing record imports through Hong Kong look unrelentingly bullish. Too bullish perhaps...

China's Nov gold output up 2.7% - govt

Thursday , 12 Jan 2012
The latest figures released by the Ministry of Industry and Information Technology show that the country's gold output rose 2.7% to 32.61 tonnes in November.

Chinese acquire Polish mining wheel loader/dozer manufacturer

Wednesday , 11 Jan 2012
Major Chinese wheel loader manufacturer has made its first foreign acquisition by buying Poland's HSW and Dressta loader and dozer manufacturer and sales arm

Caterpillar makes further inroads into Chinese longwall coal

Wednesday , 11 Jan 2012
Cat's acquisition of Bucyrus, and thus of DBT, is paying dividends in China with the sale of another automated longwall coal system.

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