Commodities

The next China?

Where will low-value manufacturing go next?

Oil tankers wait at ports as China builds reserves

Supertankers carrying oil face up to a 10-day wait to discharge their loads as China seeks to double its reserve capacity from sources other than Iran,

China cuts Iranian crude imports in March

China reduced its imports of Iranian crude oil in March by half compared with last year as a result of contract disputes,

Hedge funds cut China commodity bets

Hedge fund managers reduced net-long positions across 18 US commodities futures and options by 9.3% in the week ended April 10, the biggest reduction since D

COSCO: Gov't insurer likely to cover embargoed Iranian oil

China Ocean Shipping Group Company (known as Cosco Group), the country's largest ocean-cargo carrier, said there is a "big chance" a government-supported ins

China corn imports on pace to top 4m-ton USDA estimate

China has purchased 120,000 metric tons of US corn for shipment by the end of August, bringing its total confirmed purchases this season to nearly 4 million

Bank of China applies for membership to London Metal Exchange

Bank of China (601988.SH, 3988.HKG) has become the first Chinese company to apply for membership in the London Metal Exchange,

Chinese editorial condemns US restrictions on Iranian oil trade

The People's Daily, the official newspaper of the Chinese Communist Party, condemned US moves to restrict Iran's oil trade and curb its nuclear program by en

Australian miners see cooling Chinese demand

Australian iron ore miners said at a conference Tuesday that commodities demand from China was beginning to cool, a sign that the country’s economy is slowin

ICBC appears to retreat from Pakistan-Iran gas pipeline

An unnamed Pakistani finance ministry official said the Industrial and Commercial Bank of China (ICBC), the world's most valuable lender, appears to have bac

China's rare earths restrictions challenged in WTO

The US, EU and Japan have launched a WTO case to challenge China's restrictions on exports of rare earths materials, a suite of minerals essential for high-t

Yanzhou coal merger plows ahead

Yanzhou Coal Mining Company (YZC.NYSE) and Australia's Gloucester Coal (GCL.ASX) will move ahead with a merger to create the largest independently listed coa

Chinas crude oil output down to 17pt08m tons in January

China's crude oil output slid 2.3 percent year-on-year in January to 17.08 million tons as the New Year holiday reduced workdays, the country's top economic

China's crude oil inventory up 1.2% in January

China's crude oil inventory grew by 1.2 percent month-on-month in January, according to figures issued by Xinhua08.com Wednesday.

China's fatal coal mine accidents fall in 2011 by 24.7 percent

The number of fatal accidents among miners for every 1 million tons of coal extracted declined by 24.7 percent last year, and for the first time the number

China's Xinjiang gold production increased by 15.18 percent

Gold production in northwest China's Xinjiang Uygur autonomous region reached a record-high volume of 12.1 tons in 2011.

China to add 500,000 tons of sugar to national reserve

A total of 500,000 tons of white sugar will be collected and added to the national reserve this year, China's Ministry of Commerce said.

Xiwang Special Steel plans Hong Kong listing

China's Xiwang Special Steel is planning an initial public offering in Hong Kong, and is likely to raise US$217 million,

China to import 10pt93m tons of crude oil through China-Kazakhstan Pipeline

China's first transnational crude oil pipeline, the China-Kazakhstan Pipeline, allowed China to import 10.93 million tons of crude oil last year, up 10.3 pe

China to raise rice procurement price by 18 percent in 2012

China will raise the minimum State procurement prices for rice by as much as nearly 18 percent this year, the country's top economic planner said Thursday,

China's non-ferrous metals see 8 percent output growth in 2011-2015

China's total output of 10 major non-ferrous metals will see an annual growth of 8 percent during the 2011-2015 period, the country's industrial authority s

EU presses China to loosen rare earth restrictions

The EU urged China to loosen restrictions on exports of the rare earths, following a WTO ruling which upheld that Beijing's policies on raw material exports

China's biggest rare-earth producer sees profits up 330 percent in 2011

Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Co, China's largest rare-earth producer by output, pre-announced Monday that its net profit is estima

Commodities rise on speculation of Chinese monetary easing

Commodities rose the most in two weeks amid speculation that China may offset its slowing economy by easing monetary policy, boosting its demand for raw mate

China idles aluminum capacity as prices plunge

Chinese aluminum smelters plan to idle roughly one-third of their capacity - the most since 2009 - as energy costs rise and aluminum prices slump,

China's coal-bed methane output to reach 30 billion cubic meters in 2015

The National Energy Administration (NEA) said Saturday that China's coal-bed methane output will reach 30 billion cubic meters in 2015.

China halts establishment of unauthorized gold exchanges

China’s central bank, the People's Bank of China (PBoC), announced on Tuesday that it is halting local regions, institutions or individuals from setting up n

China's mineral products constitutes 35% of foreign trade

China's imports and exports of mineral products accounted for nearly 35 percent of the country's total foreign trade, Xu Shaoshi, minister of land and natur

China's mine output exceeds US$157bn for past seven years

In the past seven years in China, the output of mines whose original resource has been exhausted, but have then been found to hold reserves of other resourc

China National Offshore Oil imports 100,000 tons of diesels to feed domestic demand

China National Offshore Oil Corp (CNOOC), the country's third largest oil company, imported about 100,000 tons of diesel in October, in order to cover domes

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