Anglo leads mining slump as China's turmoil batters …

Catalog; For You; The Star Malaysia - StarBiz. Anglo leads mining slump as China's turmoil batters commoditie­s - . NEWYORK: Anglo American Plc and Glencore Plc led a slump in mining stocks to the lowest in more than a decade as commodity prices tumbled on concern that China's market turmoil will cut demand for …

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China's Steel Slump Set to Worsen as Heavyweights Flag …

The unfolding crisis has already taken a heavy toll on iron ore prices, with futures for the commodity collapsing by more than a quarter this year. "We maintain our …

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Iron-ore slides closer to $90 with China's steel demand at risk

Iron-ore edged closer to its lowest since 2022 as the steelmaking material extended a selloff on fears for China's crisis-wracked steel industry. Futures in …

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China's Economic Slump Continues to Batter Old Economy …

China's slump is battering its commodities sector, with profits from coal mining to metals production continuing to decline as the property crisis worsens and the economy slows. The steel industry has been hardest hit, with profits at ferrous metals producers dropping 91% over the first seven months of the year, according to data from the ...

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Cobalt gets cheaper as China's buyers suffer from …

The global benchmark cobalt price, published by researcher Fastmarkets, dropped Monday to a mid-point of $34.5 a pound, its lowest since January. The price peaked in May, when cobalt chemicals ...

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Top China lithium firms look past profit slump and vow …

Tianqi Lithium Corp. and Ganfeng Lithium Group Co. reported sharp drops in 2023 net income last week after prices plunged more than 80% over the year.

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Unearthing Water Risks of The Global Mining Industry

Water Stress Is Factor in Global Mining Slump, Stranded Assets Floods, dam failures, public opposition batter big hard rock mines. ... spilling more than 40 million liters (10.5 million gallons) of water laden with heavy metals into local rivers. Governments Respond to Water Risk With mounting evidence of the economic, environmental, and social ...

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China's lithium newcomer Zijin eyes rich returns from

The company, China's top gold extractor and a leading producer of copper, has already spent $16 billion buying three lithium mines over the past year, making it one of the world's top 10 ...

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China's Economic Slump Continues to Batter Old Economy …

China's slump is battering its commodities sector, with profits from coal mining to metals production continuing to decline as the property crisis worsens and the economy slows. The steel industry has been hardest hit, with profits at ferrous metals producers dropping 91% over the first seven months of the year, according to data from …

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Energy

The manufacturing slowdown in China, the world's biggest consumer of metals, has hit mining stocks hard - but Chris Beauchamp of IG told Reuters the green energy revolution may fuel a ...

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Rio pays premium multiple for Arcadium in biggest deal …

Rio Tinto will acquire the United States-based lithium producer for $5.85 per share, it said. The deal represents a premium of 90% to Arcadium's closing price of …

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Lithium world asks if surprise mine shutdown can arrest slump

An unexpected shutdown at one of China's biggest lithium mines has left the industry scrambling to judge if the move will be enough to end the battery material's prolonged price slump. The ...

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Mining slump, China's M&As to the rescue

Mining slump, China's M&As to the rescue By Tom McGregor (China Daily) Updated: 17:39. Comments Print Mail Large Medium Small. The mining sector had enjoyed ten glorious years of ...

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China's Economic Slump Continues to Batter Old Economy …

China's commodities sector, including coal mining and metals production, is experiencing declining profits due to the worsening property crisis and economic slowdown, with steel producers being the hardest hit. However, there is potential for growth in metals firms linked to the energy transition, particularly in China's green copper consumption driven by …

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FTSE 100 Live 08 October: Index in big reverse, Vistry shares …

FTSE 100 down 1% as miners slump, Vistry shares slide 08:31, Graeme Evans The FTSE 100 index is down 1% or 86.06 points to 8217.56 after mining stocks and insurer Prudential were swept lower by ...

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Chinese miners eye overseas deals after battery …

Workers at Zijin facility (Credit: ) Battery metal prices are on the floor, and massive expansions by Chinese miners have been instrumental in driving them lower. Now, with many Western ...

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Bloomberg

China's slump is battering commodities producers, with profits from coal mining to metals smelting continuing to decline as the economy slows. Bloomberg - China's slump is battering commodities...

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China's copper smelters to discuss production cut as fees slump

China's biggest copper smelters are set to meet in Beijing next week to discuss measures to counter a plunge in ore processing fees to the lowest level in years, including potential production cuts.

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cuts China production as slump reaches mining

Xu Biao could sit in his office waiting for orders to roll in during a Chinese building boom two years ago. Now, he's hitting the road trying to drum up

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What's Behind China's Lithium Rush?

Since the start of 2023, the cost of lithium carbonate has dropped back to previous levels. On Aug. 24, the spot price of domestic battery-grade lithium was 220,000 yuan a ton, down 22.8% on the previous month and …

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China's Steel Slump Set to Worsen as Heavyweights Flag …

China's Steel Slump Set to Worsen as Heavyweights Flag Concerns. China's steel-industry slowdown looks set to deepen, with BHP Group Ltd., the world's biggest miner, and China Baowu Group Ltd., the top iron ore buyer, flagging concerns as demand fades after decades of growth.

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China's Economic Slump Continues to Batter Old Economy …

China's Economic Slump Continues to Batter Old Economy Steel and Coal Sectors. China's slump is battering its commodities sector, with profits from coal mining to metals production continuing to decline as the property crisis …

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Anglo leads mining slump as China's turmoil batters …

NEW YORK: Anglo American Plc and Glencore Plc led a slump in mining stocks to the lowest in more than a decade as commodity prices tumbled on concern that China's market turmoil will cut demand ...

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China's slowing economy batters steel, oil, coal sectors

China's slump is battering its commodities sector, with profits from coal mining to metals production continuing to decline as the property crisis worsens and the economy slows. OLYMPICS 2024 videos

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World-beating mining stock turns big loser thanks …

The Perth-based miner's bumper stock run has also been halted by dwindling metal prices. China's property woes have weighed on the steelmaking ingredient, which lost 10% last month. Post-Lunar ...

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China's steel slump set to worsen as heavyweights flag …

China's steel-industry slowdown looks set to deepen, with BHP Group, the world's biggest miner, and China Baowu Group, the top iron-ore buyer, flagging concerns as demand fades after decades of growth. While both BHP and Baowu's listed unit posted relatively healthy profits on Tuesday, their downbeat comments on the outlook for steel …

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Slump in lithium prices batters top Chinese producers

South China Morning Post ePaper. Slump in lithium prices batters top Chinese producers ... Ganfeng and Tianqi were busy snapping up lithium mining assets from the United States to South America and Africa before prices surged in late 2020. Ganfeng last year agreed to pay US$1 billion for its third lithium mine in Argentina and said in the ...

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Cobalt gets cheaper as China's buyers suffer from …

Buyers in the country are racing to renegotiate supply deals in order to stem heavy losses arising from an unusual disconnect between domestic and international prices, according to cobalt traders ...

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