(This story appears here courtesy our content partner MySteel Global) After 10 years of struggling and little progress in the Simandou co-development mainly between Rio Tinto and Aluminum Corporation of China Limited (Chalco), the deposits has been back on the radar in the world’s iron ore community, coincidentally with a resurgence in global iron ore prices […]
(This story appears here courtesy our content partner MySteel Global) China will comprehensively ban the import of all solid waste including metal scrap by 2021, as planned, and will no longer support systems to permit the import of such material, the Ministry of Ecology and Environment (MEE) reiterated this week. Nonetheless, the country’s steel scrap […]
The impact of COVID-19 on the mining industry has been strained by the struggling global automotive industry, which consumes approximately 17 per cent of iron ore globally, a report from GlobalData. Light vehicle sales fell by 24 per cent in Q1 (January-March) 2020 globally, then by 47.5 per cent in April 2020 and 33.8 per […]
Tensions between China and India amid a military standoff at the disputed northern borders could potentially hurt commodities trade and encourage diversion to illegal channels, Biman Mukherji and Ritwik Sinha report. Chinese factories have reopened following the Covid-19 outbreak, but have to contend with slow demand in most markets. Indian industry is worried that Chinese suppliers […]
As a retaliation against tighter scrutiny of Chinese goods by Indian Customs, Bangladesh has started hitting back against Indian supplies through the Petrapole border in West Bengal since Wednesday. The move is purportedly in response to a decision by the West Bengal authorities to retain restrictions on imports from Bangladesh via Petrapole to contain the […]
India’s trade deficit with China fell to $48.66 billion in 2019-20 on account of decline in imports from the neighbouring country, according to government data. Exports to China in the last financial year stood at $16.6 billion, while imports aggregated at $65.26 billion, the data showed. The trade deficit between the countries was at $53.56 […]
Amid the nationwide rage to boycott Chinese products after the brutal face-off at Galwan valley, Power Minister R K Singh said that India will not import power equipment from China. R K Singh urged the state distribution companies to not give orders for supply of equipment to Chinese firms as India will manufacture everything in […]
The heavy rains soaking South and East China since June have prompted China’s National Coal Mine Safety Administration to issue an emergency notification on the evening of Wednesday, calling for immediate nationwide action on flood preparedness to protect the lives of coal miners. “Many parts of China have entered the season where floods are common, […]
Amid heightened tensions between China and India, the latter said it would check all imported power equipment coming from China for malware and other cyberweapons, according to a few media reports. “Power is a very sensitive and strategic sector for any country. Electricity runs all industries, communication systems and all databases including strategic ones and […]
Indian farmers joined an influential traders group on Thursday in a campaign to slash import of goods from China and boost economic self-sufficiency. The calls for reduction of import dependency on China started since the Covid outbreak earlier this year, which disrupted supplies from the world’s second-biggest economy. The movement has gathered intensity following a medieval-style clash […]
