Guinea’s Simandou iron ore deposits back on China radar as global prices rise

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(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 […]

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China still scorns ‘waste’ imports, but market sees shift

(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 […]

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COVID-19 impact and lack of demand in auto industry reduces consumption of global iron ore by 2.8%: GlobalData

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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 […]

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India-China border spat raises concerns over use of third-country channels for trade of commodities, other goods

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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 […]

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After West Bengal’s restrictions on imports from Bangladesh, Dhaka retaliates by stopping Indian trucks

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 […]

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India’s trade deficit with China reduces to $48.66 billion in FY20

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 […]

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China safety regulator warns of flood risks to coal mines

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, […]

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Indian farmers join traders’ call to boycott China goods, boost self-reliance

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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 […]

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