Summary of today's Rio Tinto China media
People's Daily Online English reported that Mike Henry, CEO of BHP, predicted that the U.S.-staged trade war will harm the global economy, but China will be the key to avoiding a global economic downturn. Despite the limited direct impact of U.S. tariffs on the BHP, the implication of slower economic growth and a fragmented trading environment could be more significant, Henry said in the company's operational review for the nine months ended March 31, 2025, which was published on April 17. "China's ability to shift toward a consumption-led economy and for trade flows to adapt to the new environment will be key to sustaining the global outlook," he said.
Bloomberg reported that China's alumina exports reached their second-highest level ever in March, with 300,000 tons shipped overseas, more than double the amount from a year earlier. The main destinations for China's alumina exports are Russia, Indonesia, and the United Arab Emirates, with Russia accounting for 48% of the exports.
Financial Times reported that China’s latest export controls on rare earth minerals could cause shutdowns in automotive production, with stockpiles of essential magnets set to run out within months if Beijing fully chokes off exports. Beijing expanded its export restrictions to seven rare earth elements and magnets vital for electric vehicles, wind turbines, and fighter jets in early April in retaliation for US President Donald Trump's steep tariffs of 145 per cent on China. |
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No relevant news mentions since the previous newsletter send.
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When the U.S. trade war weighs on the global economy, China's efforts to ramp up domestic consumption will ...
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China’s growing glut of alumina pushed exports to their second-highest level ever in March, with shipments expected to remain elevated for several more months ...
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China’s latest export controls on rare earth minerals could cause shutdowns in automotive production, with stockpiles of essential magnets ...
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截至目前，A股已有8家黄金矿业上市公司披露了2024年年报，普遍实现业绩增长，紫金矿业、赤峰黄金2024年净利润均创新高 ...
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中国矿业巨头洛阳钼业再度上演海外狩猎大戏！4月21日，公司重磅宣布，经投资委员会批准，将通过海外子公司全现金收购加拿大Lumina黄金公司100%股权，交易总价高达5.81亿加元 ...
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Chinese trade flows have held up in April despite the imposition of punitively high duties by Donald Trump, as the US president spared many electronic products from some of his levies and paused the wave of tariffs he plans against most countries ...
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