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Hongkong-listed Zijin Mining Group, one of China’s top gold and copper miners, plans a step-by-step rise in production of gold, copper, zinc and silver over 2020-2022, with compound annual growth of copper production to range from 21.9% to 26% over the next three years, according to the company’s official announcement released on November 13. (metal contained).
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China’s fixed asset investment (FAI) in general grew 5.2% on year to Yuan 51.1 trillion ($7.3 trillion) over January-October, and the growth in the funding in the property sector was recorded at 10.3%, according to the latest release from the country’s National Bureau of Statistics (NBS) on November 14.
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China's fixed asset investment in general grew5.2% on year to Yuan 51.1 trillion ($7.3 trillion) over January-October, among which the funding in the property market went up 10.3% on year to Yuan 11 trillion. A detailed story will be posted soon.
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Chinese prices of major lead products declined further over the week of November 4-8, given the sustained weakness seen in both supply and demand, Mymetal’s latest survey showed. Mymetal is Mysteel’s publication dedicated to non-ferrous news and prices.
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China’s zinc ingot inventories in the six major cities and provinces under Mymetal’s weekly survey reversed up to 150,000 tonnes as of November 8, up 5,500 tonnes or 3.8% on week, largely due to the remaining tepid buying interest among end-users over November 1-8, market sources indicated on Tuesday. Mymetal is Mysteel’s publication on non-ferrous news and prices.
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China’s Ministry of Ecology and Environment (MEE) released two notices on its website on November 12 regarding winter restrictions in the Fenwei Plains and the Yangtze River Delta area over October 1-March 31 2020, with steel, coal and coke industries mentioned, though the focus has been on PM2.5 reduction and waste emission than any detailed and specific instructions in tackling coking, blast furnaces, and sintering.
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The national average price for 99.99% copper cathode across China increased by Yuan 409/tonne ($58.4/t) on week to reach Yuan 47,352/t including the 13% VAT as of November 8, mainly thanks to the improved economic environment and better market sentiment, according to Mymetal’s latest weekly report. Mymetal is a Mysteel publication reporting non-ferrous news and prices.
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China’s national average price for 99.7% aluminum ingot strengthened Yuan 199/tonne ($28.4/t) on week, mainly because of the positive signs from the latest development in the trade friction between China and the U.S., according to the latest weekly study by Mymetal, Mysteel’s publication for non-ferrous news and prices coverage sector
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China’s auto industry posted slower declines in both sales and production up to October compared with the paces over January-September, with the former down 9.7% on year and the latter down 10.4% on year, according to the latest statistics from the China Association of Automobile Manufacturers (CAAM) on November 11.
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China’s sales of excavators and other heavy machinery over January-October increased by 14.4% on year to 196,222 units, a historical high, according to the latest data released by the China Construction Machinery Association (CCMA) on November 9.
