Category: China

September 18, 2023

Thermal coal prices strengthened, surpassing $125 USD/ton, attributed to increased consumption and a sharp rise in gas prices.

September 14, 2023

Herewith a quick rundown on Chinese Leading Indicators, PMI’s, and Steel Production. Plus metallurgical coal and iron ore implications.

September 6, 2023

We’re beginning to see the inadequacy of Chinese coal production to meet their own power demands as production falters & demand climbs.

September 5, 2023

The following report published by a Chinese investment bank, Cinda Securities, contains some inside baseball on the Chinese coal industry.

August 31, 2023

In the first half of 2023, China approved 52 GW of new coal power projects, a significant increase from the 15 GW permitted in H1 2022

August 29, 2023

Coronado Global Resources is reportedly in bilateral talks with South32 regarding a potential acquisition of its Illawarra Metallurgical Coal

August 23, 2023

Queensland has warned mining company BHP that its mining licenses could be revoked if the company doesn’t continue investing in the state.

August 22, 2023

BHP, the world’s largest mining company by market capitalization, reported a 37% drop in its underlying profits for the year ending in June

August 21, 2023

Thungela Resources reported a 69% drop in profits during the first half of the year due to lower coal prices and logistical challenges.

August 14, 2023

Cleveland-Cliffs made an offer to acquire US Steel, valuing each share at $32.53, a 43% premium over US Steel’s last closing price.

August 8, 2023

Glencore Plc has reported a 50% drop in first-half profit due to disappointing Chinese demand affecting commodity prices.

July 29, 2023

In terms of Chinese economic growth and steel demand, here’s what we know.