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Clash over Trump tariffs heats up with barrage of WTO litigation

By: Reuters     19th October 2018 Disputes over US tariffs and retaliatory moves by other states have sparked 12 requests for adjudication at the World Trade Organization, signalling an escalation in global trade tensions. The agenda for an Oct. 29 meeting of the WTO's dispute settlement body on Friday confirmed the legal moves,... 

South African ICT students head off to China under learning programme

By: Natasha Odendaal     19th October 2018 Another ten information and communication technology (ICT) university students from various institutions have headed to Huawei, in China, on a study trip aimed at building up an ICT talent ecosystem. The yearly study opportunity in China, under the Seeds for the Future programme – a joint Huawei... 

Global steel body hikes demand forecasts, but says risks remain

By: Reuters     16th October 2018 The World Steel Association on Tuesday doubled its 2018 and 2019 forecasts for growth in global demand for the material used in everything from cars to construction, but said that trade tensions were clouding the outlook for the sector. The caution over trade from a body that represents 85% of... 

Chilean court freezes sale of stake in lithium giant SQM to Tianqi

By: Reuters     12th October 2018 SANTIAGO – A Chilean court on Thursday suspended the sale of a coveted stake in lithium producer SQM to China's Tianqi Lithium, saying it will consider a lawsuit filed by the Chilean company's controlling shareholders, who oppose the deal. The lawsuit, filed on Wednesday, alleges a previous... 

China swoops in on Canadian oil that's $50 below US crude

By: Bloomberg     11th October 2018 Chinese oil buyers are making a beeline for a bargain across the Pacific. With Canadian oil over 60% cheaper than US benchmark West Texas Intermediate and global marker Brent, China’s refiners are being lured to the heavy, sludgy crude. That’s because – apart from being a source of fuel – it’s... 

SQM controlling shareholder moves to block stake sale to China's Tianqi

By: Reuters     11th October 2018 The controlling shareholder in Chilean lithium producer SQM on Wednesday filed suit with Chile's Constitutional Court to block a deal allowing the sale of nearly one-fourth of the miner to China's Tianqi Lithium. The lawsuit alleges that Chile's antitrust court last week failed to follow due... 

China aluminium exports to surge on trade war - CRU

By: Reuters     9th October 2018 Chinese aluminium exports are expected to surge in coming months and next year after Beijing boosted tax rebates as part of a package to soften the impact of a trade war with the United States, according to industry consultancy CRU. High Chinese exports of metals such as aluminium and steel in... 

Chile eyes new copper markets to shield economy from trade war

By: Reuters     9th October 2018 Chile aims to find new copper markets and expand its lithium industry as it seeks to shield its economy from a US.China trade war, the mining minister of the world's biggest copper producer said on Monday. Baldo Prokurica also told Reuters the South American nation was considering further... 

Chinese delegation to witness proudly South African logging system 

By: Martin Creamer     8th October 2018 The high-ranking delegation from China, which is due to arrive in South Africa next Monday to undertake a three-week study of South Africa’s globally recognised mineral reporting codes, will be given insight during their visit into a South African borehole logging system that is poised to go... 

Chinese delegation to study South Africa’s mineral codes

By: Martin Creamer     2nd October 2018 South Africa’s meticulous set of mineral reporting codes has succeeded in attracting a high-ranking Chinese delegation from the Mineral Resources and Reserves Evaluation Centre of the Ministry of Land and Natural Resources (MRREC) in Beijing. South Africa’s Samcodes Standards Committee (SSC) will... 

China's at 'peak steel' right now, top iron-ore shipper says

By: Bloomberg     2nd October 2018 The world’s largest steel market is about to go into reverse. Production in China will peak in 2018 and then shrink next year as local demand drops, according to forecasts from the Australian government, which says the shift will add to headwinds for core ingredient iron ore. Mainland steel... 

China battery firms set up $700m nickel JV in Indonesia

By: Reuters     28th September 2018 Chinese battery firm GEM on Friday said it was teaming up with four companies to invest a total of $700-million in a project to produce battery-grade nickel chemicals in Indonesia. The investment comes as several global metals producers have also set their sights on Indonesia's nickel reserves,... 

Chinese petcoke buyers turning to Russia, Mideast after US tariffs

By: Reuters     21st September 2018 Chinese importers of petroleum coke are buying more volumes from Russia and the Middle East due to a hefty tariff on shipments from the United States, previously one of China's main sources of the material used in aluminium and cement production. China slapped a 25% tariff on US petroleum coke,... 

Armadale appoints marketing consultant

By: Creamer Media Reporter      21st September 2018 Aim-listed Armadale Capital has appointed  an experienced Beijing-based marketing consultant, Jenny Lee, to pursue offtake agreements ahead of an anticipated decision to mine at its Mahenge Liandu graphite project, in Tanzania, in early 2019. Lee, who s MD of Jialin International Trading, will be... 

Goldman backs commodities as trade war fury now met with shrugs

By: Bloomberg     21st September 2018 Commodity bull Goldman Sachs Group says raw materials are poised to gain into the end of the year as investors have now become used to trade-war tensions, growth in top economies remains strong, and consumers who’d put off purchases in recent months start buying again. Copper jumped. “This week... 

Lingering misgivings

21st September 2018 I start with a mea culpa this week. In the September 7 edition, I waxed lyrical about the exploits of Sophia, the humanoid robot, at the SAPNow conference, which had been held in Johannesburg the previous week to showcase some of the latest developments in artificial intelligence, the Internet of... 

China's iron-ore demand to remain flat as scrap steel use rises

By: Reuters     20th September 2018 China's iron-ore demand is expected to stay flat, said an official from Baoshan Iron & Steel Co, the country's biggest listed steelmaker, as Beijing's stricter environmental rules boost the use of scrap steel. China's growing stockpiles of scrap steel should also increase its use in steelmaking... 

With copper options, China steps up challenge to London, New York rivals

By: Reuters     20th September 2018 The Shanghai Futures Exchange (ShFE) will launch copper options trading on Friday, aiming to take a slice of a $270 billion global market in one of its biggest challenges yet to London and New York rivals. The product, which follows the launch of sugar and soymeal options last year, comes as... 

US gives rare earths reprieve in revised $200bn China tariff list

By: Reuters     18th September 2018 The United States did not include rare earth elements, metals used in magnets, radars and consumer electronics, from its final list of tariffs on $200-billion of Chinese goods, underscoring its reliance on China for the strategic minerals. China is the world's largest producer of rare earths and... 

Chile's lithium miner SQM asks court to reject Tianqi agreement

By: Reuters     14th September 2018 Chilean lithium miner SQM objected to the terms of a deal drawn up between the country's anti-trust regulator and the Chinese miner Tianqi which hopes to buy almost a quarter of SQM, its lawyers told the country's anti-trust court on Thursday. An attorney representing SQM told Chile’s anti-trust... 

Nickel price to benefit from short supply, strong steel demand through 2019

By: Reuters     12th September 2018 Slower production increases in leading supplier Indonesia and continued growth in stainless steel demand are forecast to extend a supply shortage in the global nickel market, supporting price gains through 2019. Nickel, which recently hit its lowest since December, could climb as high as $16 000... 

Gold slips amid US-China trade war concerns

By: Reuters     12th September 2018 Gold fell on Wednesday, but remained stuck in a narrow trading range as investors worry about a simmering trade war between the United States and China. Spot gold was down 0.3% to $1 193.61 an ounce at 1200 GMT, after hitting its lowest since Aug. 24 at $1 187.21 on Tuesday. US gold futures eased... 

Ghana on hook for $2bn China deal if bauxite plan stalls

By: Bloomberg     10th September 2018 Ghana will have to use alternative sources to pay back China’s Sinohydro Corp. for $2-billion in infrastructure if the revenue from an earmarked bauxite project is insufficient to meet installments. Sinohydro agreed to a deal with the West African nation in May to build bridges, roads, hospitals... 

Ramaphosa calls for consolidation between SA companies and continent 

By: African News Agency      6th September 2018 President Cyril Ramaphosa has called on South African companies to work in partnership, consolidate South African interests on the African continent and to collaborate with China on projects in line with the country's development and integration objectives. Ramaphosa made the call on Thursday... 

China says African countries don't think cooperation adds to debt

By: Reuters     6th September 2018 African leaders attending this week's summit with China don't think that cooperation between the continent and Beijing has added to their debt burden, the Chinese government's top diplomat said on Thursday. Chinese President Xi Jinping pledged $60-billion to African nations at Monday's opening of... 

Ramaphosa says South Africa to recover from recession soon

By: Reuters     6th September 2018 South Africa will soon recover from recession, President Cyril Ramaphosa said on Thursday in his first reaction to news that undermines his effort to revive the economy and attract investment after a decade of stagnation. Ramaphosa staked his reputation on economic revival when he took over in... 

ANC calls for immediate stimulus package as economy dips into recession  

By: News24Wire      5th September 2018 The African National Congress (ANC) has called for ‘aggressiveness’ in implementing an economic recovery package after Stats SA announced on Tuesday that South Africa had slipped into its first technical recession since 2009.  In a statement on Wednesday, the party’s subcommittee on economic... 

At China-Africa summit, officials dismiss debt criticism

By: News24Wire      5th September 2018 Chinese and African officials have rejected criticism of Beijing's development projects on the continent as they ended a summit that included a $60-billion pledge for more aid to the continent. President Xi Jinping hosted leaders from across Africa  amid questions whether his country's Belt and... 

China not Africa's new colonial power – Ramaphosa 

By: African News Agency      3rd September 2018 South African President Cyril Ramaphosa used his address at the opening ceremony of the Forum on China–Africa Cooperation (FOCAC) in Beijing on Monday to rebut claims that China was becoming Africa's new colonial power. "In the values that it promotes, in the manner that it operates and in the... 

China's Xi offers another $60bn to Africa, but says no to 'vanity' projects

By: Reuters     3rd September 2018 Chinese President Xi Jinping offered another $60-billion in financing for Africa on Monday and said Chinese companies will be encouraged to invest no less than $10-billion over the next three years, but he also warned against "vanity projects". Speaking at the opening of a major summit with... 

China's TBEA to invest in €180m Gabon hydropower project – Gabon official

By: Reuters     3rd September 2018 Chinese energy firm TBEA will invest in a €180-million ($209-million) hydropower project in Gabon alongside the West African country's sovereign wealth fund, a Gabonese official said on Saturday. Construction will begin "pretty soon" on the project, which will have a power generation capacity of... 

China's Xi says no strings attached to funds for Africa

By: Reuters     3rd September 2018 Chinese funds are not for "vanity projects" in Africa but are to build infrastructure that can remove development bottlenecks, Chinese President Xi Jinping said on Monday, telling Chinese firms they also had to respect local people and the environment. Xi said at a business forum before the start... 

President Ramaphosa jetting off to China for State visit and multilateral summit

By: Rebecca Campbell     31st August 2018 South African President Cyril Ramaphosa departs for Beijing on Friday for both a State visit to China and to co-Chair the 2018 Forum on China-Africa Cooperation (FOCAC), which will take place immediately afterwards. The State visit will take place on September 2 and FOCAC will be held on... 

US–China trade tensions to shackle copper prices

By: Reuters     29th August 2018 Copper prices have recovered from a recent rout, but the possibility of the trade dispute between the Washington and Beijing escalating and its potential to crimp demand in China, the world's top consumer, is expected to cap gains. Benchmark copper on the London Metal Exchange at $6 100 has... 

China says projects not to blame for majority of Africa debt

By: Reuters     28th August 2018 Chinese development projects do not account for a majority of the debt on African countries, a senior Chinese official said on Tuesday ahead of a summit with African leaders in Beijing next week. China's "Belt and Road" initiative has been praised by supporters for providing vital financing to... 

International research team discovers two new Chinese dinosaurs

By: African News Agency      24th August 2018 An international research team on Thursday, announced the discovery of two new Chinese dinosaurs – the Bannykus and the Xiyunykus – both alvarezsaurs, an enigmatic group of theropod (meat-eating) dinosaurs. “Alvarezsaurs are weird animals,” said Professor Jonah Choiniere from the University of... 

New Asia market manager appointed for South African wines body

By: Schalk Burger     17th August 2018 Winemaker industry body Wines of South Africa (WoSA) has appointed Marcus Ford as its new Asia market manager, effective August 20. He will be based in Shanghai, China, and responsible for running all marketing activities throughout mainland China, Hong Kong and Japan, the organisation said on... 

Sweden's Granges halts plans for US aluminium joint venture

By: Reuters     17th August 2018 Sweden's Granges put on ice on Friday plans to form an aluminium manufacturing joint venture in the United States with Japan's Mitsubishi Aluminum Co, saying that the project was less attractive in "current circumstances". It did not specify what circumstances it was referring to though a Granges... 

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