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China
04/07/2023
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By Kevin Hughes
Chinese lithium producers set floor price as demand for the metal drops
China’s top lithium firms agreed to set a floor price for the metal amid dwindling demand, six individuals confirmed. Ten companies – including Tianqi Lithium and Ganfeng Lithium – that met on the sidelines of a conference in the city of Nanchang in Jiangxi province agreed on the lowest minimum price of 250,000 Chinese yuan […]
03/15/2023
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By News Editors
The troubling future of the green electric revolution
The moment humankind harnessed electricity was a milestone and the world would never be the same. Defined as the modern era of western civilization. Technology is developed to fulfil the challenge before us, and to solve the task at hand. We do this by applying our problem-solving mind and ingenuity to drive innovation. But when […]
02/10/2023
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By Arsenio Toledo
China is replacing its US Treasury holdings with GOLD
China is accelerating its selling of United States Treasury securities and replacing its holdings with more gold. Since 2008, the communist nation has been one of the largest foreign holders of U.S. Treasuries. It started selling off its U.S. Treasuries slowly in 2018, right around the same time when the country started buying more gold. […]
02/09/2023
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By Belle Carter
SUPPLY CHAIN SILLINESS: Biden to slap 200% tariff on Russian aluminum to “commemorate” Ukraine invasion anniversary
President Joe Biden is planning to slap a 200 percent tariff on Russian-made aluminum soon. This is to ramp up the pressure on Moscow over its war in Ukraine as the anniversary of the invasion nears. “It’s something we are considering,” a U.S. official said, but noted that the announcement about any tariff increase is not […]
02/08/2023
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By Belle Carter
Beleaguered Western commodities buyers rely on China’s refined lead, zinc
China became a net exporter of zinc and lead for 2022, which led to analysts pointing out that the communist nation “came to the rescue” of beleaguered Western buyers for both metals. According to Reuters, China exported 116,500 tons of refined lead last year – the highest outflow volume since 2007. It also marked a […]
02/02/2023
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By Belle Carter
Biden admin bans mining on 225k acres of Minnesota land for 20 YEARS, prohibiting Americans from accessing valuable resources
The Biden administration, through the Department of the Interior (DOI), imposed a ban on mining in 225,000 acres of land in Minnesota. Interior Secretary Deb Haaland signed Public Land Order 7917, which prohibited mining for a 20-year period on federal land in the Superior National Forest, near the Boundary Waters on Minnesota’s Duluth Complex. The […]
01/10/2023
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By Arsenio Toledo
MORE METAL: China’s public gold holdings now over 2000 tons after another huge purchase in December
The central bank of China has acquired another 30 tons of gold in December, bringing the communist nation’s total public gold holdings to 2,010 tons. Data uploaded onto the central bank’s website on Saturday, Jan. 7, showed that the People’s Bank of China (PBoC) has raised its holdings for the said month. This follows the announced […]
12/08/2022
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By Arsenio Toledo
China loads up on gold reserves with recent “mystery” purchase of 300 TONS
China has reported an increase in its gold reserves for the first time in more than three years, essentially admitting that its central bank is one of the recent mystery buyers of massive amounts of bullion in the gold market. The gold industry has speculated over which central banks were behind the nearly 400 tons of […]
11/04/2022
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By Arsenio Toledo
Central banks all over the world are buying gold at a furious pace
Central banks all over the world are accumulating gold reserves at a record pace not seen in 55 years. According to the World Gold Council (WGC), central banks all over the world purchased a record-breaking 399 tons of bullion during the third quarter of 2022, massively raising the global demand for precious metals. The WGC also […]
09/23/2022
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By Belle Carter
Lockdown aftermath: Chinese copper giant hits liquidity crisis
One of China’s most influential commodities traders has recently asked for government and financial institutions’ help after liquidity issues hit him hard. He Jinbi, founder and chairman of Xi’an Maike Metals International Ltd., is now suffering a liquidity crisis, and his empire is under threat. The company handles a million tons of copper a year, amounting to a […]
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