Bloomberg reported that China ’s lead consumption may reach 5.15 million tonnes by 2015 and zinc demand may total 7.1 million tonnes. Mr Zhao Cuiqing director of the lead and zinc department at the China Nonferrous Metals Industry Association said that lead consumption may grow at 9% per year before 2013 and then slow to 7.5% to 8% from 2013 to 2015. Zinc consumption may increase by 9.5% a year in the next…

Reuters reported that global steel production rose again in June led by record crude output in China and US steelmakers also made more despite slow growth in the world largest economy. Some analysts said but production may ease later this year as steelmakers, facing softer demand in the last few months and could reduce output to defend profitability. According to figures from the World Steel Association…

The global direct drive (gearless) wind turbines market is expected to witness sustained growth in the next decade as plant managers focus on enhancing operational efficiency and reducing maintenance costs. The adoption of gearless wind turbines will be strongest in Asia Pacific, fueled by increasing installations in China. Globally, China is expected to remain the most lucrative market for direct drive…

Serbia's infrastructure ministry said on Tuesday it has signed an agreement with the Export-Import Bank of China for a loan worth $297.6 million (269.2 million euro) for the overhaul of the Stara Pazova-Belgrade section of the railway connecting Serbia's capital to Budapest in Hungary. The loan will be repaid in 20 years, including a five-year grace period, and the reconstruction works will begin this year,…

China's Ministry of Land and Resources has announced figures for new proven reserves of coal and iron ore discovered in China in 2011. Accordingly, newly discovered large and medium size coal and iron ore deposits in China in 2011 amounted to 47 and 18 respectively, while new proven coal reserves totaled 57.51 billion tonnes and new proven iron ore reserves amounted to 2.38 billion tonnes. Sourced from…

China has become the first world exporter having taken Germany as a leader. During first 11 months of 2009 Chinese exportations have reached USD 1.070 trillion while Germany stopped at USD 1,050 trillion. Chinese exports hit USD 130.7 dollars during December 2009 bringing China's full year export figure to USD 1.20 trillion. Germany was the top world exporter since 2003. During November 2009 Germany trade…

It is reported that China tough situation of steel export tumble and import increase is hard to be changed from the end of this year to next year. The overcapacity and high inventory will bring a new round of steel price fluctuation in the future. Mr Zhang Changfu vice president of CISA said both China major steel products and raw materials have witnessed a net import during this January to October. This…

BEIJING (China) - China remained the world's number one producer of stainless steel last year, taking up more than one quarter of the global output, figures with the China Iron and Steel Association (CISA) have shown. China churned out some 7.2 million tonnes of stainless steel in 2007, or more than one quarter of some 28 million tonnes of global output, said chairman of the stainless steel council under…

Perth (Australia) - The outlook for commodities remains robust in the short-term, with China continuing to be the key driver, a mining conference was told here. With India being the most obvious country to follow China in economic progress, prospects look bright for metals. “Income continues to rise in China. Its per capita consumption of key metals such as steel is lower than five kg. In fact, it is lower…

Hardly responsible politicians and business elites have got used to the daily changes by Corona, the hourly reports about infected and dead belong to the sad but accepted reality, when the political and economic war of the key players starts uninhibited. In addition to US Americans and their President Trump, India is also increasingly appearing on the international stage as an opponent of China in the race…