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In March, aluminum contributed the most to China's production of ten major nonferrous metals with 2.8 million tonnes, or up 4% on year, compared with a total output at 4.5 million tonnes for the ten metals including aluminum, copper, lead, zinc and nickel, or up 3% on year, according to the latest detailed data released by National Bureau of Statistics.
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China will totally ban the imports of 16 waste solid materials for steel, nonferrous metals and plastics recycling starting December 31 and December 31 2019 respectively, according to the latest release from the newly-formed Ministry of Ecology and Environment on April 19.
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East China's Shandong province has managed to retain all of its advanced but unapproved electrolytic aluminum capacity in a swap scheme where most obsolete pot lines with government approval were dismantled instead, according to a recent report by the China Economic Herald.
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China's capacity utilization rate across heavy industrial sectors increased 0.7 percentage point year on year to 76.5% for the first quarter of 2018, according to the latest data from the country's National Bureau of Statistics.
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BHP produced 1.29 million tonnes of copper and 83,817 tonnes of zinc in the first nine months of its 2018 financial year ended March, up 37% and 43% year on year respectively, according to the Melbourne-based company's latest quarterly production report released on April 19. Australia-headquartered companies generally follow the country's July-June financial year, Mytsel notes.
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Tongling Nonferrous Metals Group Holdings Company, headquartered at Tongling city in Central China's Anhui province, aims to produce 1.3 million tonnes of cathode copper this year, up by a slight 59,500 tonnes or 4.7% on the smelter's actual output in 2017.
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China's imports of copper ores and concentrates in March rose by 149,000 tonnes or 10.3% on month to 1.6 million tonnes, according to the latest data released by China's General Administration of Customs on April 13. The total was down 29,000 tonnes or 1.8% on year, however.
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China's aluminum price will catch up with the rest of the world but in a while due to its existing high stocks and the supply shortage in the global market has yet instill its impact into China, Mysteel understands from the market.
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China Nonferrous Metal Mining Group (CNMC) has officially started work on its Lualaba copper smelting project in the Democratic Republic of Congo (DRC) in central Africa, holding a ceremony on March 28, according to a recent company statement. State-owned CNMC aims to commission a plant hosting a capacity in blister copper of 120,000 tonnes/year in 2020, it said.
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Shanghai-listed Western Mining Co, a leading non-ferrous producer headquartered in Xining city in West China's Qinghai province, achieved a profit of Yuan 261 million ($42 million) for 2017, up by a large 161.2% year on year, according to the company's annual report released on March 28. Its business this year will be helped by the commissioning of a new 100,000 tonnes/year copper smelter set for May.
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Aluminum Corporation of China Limited (Chalco), China's largest producer of alumina and aluminum, produced 12.8 million tonnes of alumina and 3.61 million tonnes of aluminum in 2017, up 6.48% and 22.37% year on year respectively, according to its 2017 annual report published on March 23. The company enjoyed a 274% jump in net profits on year to Yuan 1.38 billion ($222 million) which it attributed to cost cutting and increasing domestic aluminum prices.
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Yunnan Aluminum Co, located in Southwest China's Yunnan province, aims to produce 1.4 million tonnes of alumina and 1.7 million tonnes of aluminum products this year, according to the company's annual report released on March 20.
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The Oyu Tolgoi mine in South Mongolia, which is majority held by Rio Tinto via Turquoise Hill, targets to produce 125,000-155,000 tonnes of copper and 240,000-280,000 ounces of gold, both in concentrates, in 2018, according to Turquoise Hill's fourth quarter report released on March 15.
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Ruilong Aluminum Company, located in Ulanqab city, Northwest China's Inner Mongolia Autonomous Region, plans to invest Yuan 64.5 million ($10.2 million) to build a new regenerative plant for making secondary aluminum in Changshun Industrial Park in Huade county, Mysteel confirmed on March 16.
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Zijin Mining Group, China's top nonferrous metals producer and refiner, expressed interest in investing in Rudarsko-topioni？arski Basen Bor (RTB Bor), a copper mining and smelting company, during a meeting which a visiting Zijin delegation had with Serbian President Aleksandar Vucin recently, according to a post on the Serbian Foreign Affairs Ministry website on March 13.
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China's Contemporary Amperex Technology (CATL) is continuing with its exploration of investment opportunities in new materials especially metals for batteries by having agreed to buy the stake of the La Corne lithium project in Quebec, East Canada, from Jilin Jien Nickel Industry.
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China's 400-series stainless steel output is expected to grow further, thus regaining some market share from the low-quality 200-series in the coming years, according to a post by the Stainless Steel Council of China Special Steel Enterprises Association (CSSC) on March 13.
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London-headquartered Chilean copper miner Antofagasta PLC posted a sharp rise in full-year earnings for 2017 on March 13, with its revenues up by 31.1% on year to $4.75 billion, mostly due to the increased realized copper price and better copper sales volumes. The firm's earnings before interest, tax, depreciation and amortization (EBITDA) jumped more by 59.1% on year to $2.59 billion.
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Indonesian miner PT ANTAM (Persero) Tbk, is raising its annual production and sales targets for its main commodities, including ferronickel, gold, nickel ore and bauxite ore, for 2018, to improve its operational performance and maintain competitive cash cost, according to a recent company release on March 7.
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China's copper ores and concentrates imports in February went down by 170,000 tonnes or 10.5% on month but up 22,000 tonnes or 1.4% on year to 1.45 million tonnes, according to the latest data released by China's General Administration of Customs on March 8.
