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Oil set for weekly drop as tanker attacks can't dispel trade woes

By: Bloomberg     14th June 2019 Oil headed for a weekly decline as the tanker attacks in the Middle East provided only a relatively small boost to prices that have been hammered by a deepening trade war and swelling US stockpiles. Futures in New York were steady after rising 2.2% Thursday. The White House blamed Iran for the... 

Brazilian VP says Brics should focus on economics, not politics

By: Rebecca Campbell     14th June 2019 In comments made in Beijing on May 24, which appear not to have been much, if at all, reported outside his home country, Brazilian Vice President Hamilton Mourão called on the Brazil, Russia, India, China, South Africa (Brics) alignment to switch away from political issues and focus instead on... 

China rare earth prices soar on their potential role in trade war

By: Reuters     6th June 2019 Chinese rare earth prices are set to climb further beyond multi-year highs hit following a flurry of state media reports that Beijing could weaponise its supply-dominance of the prized minerals in its trade war with Washington. Rare earths, a group of 17 elements that appear in low... 

China to consider strengthening controls on rare earth exports – NDRC

By: Reuters     5th June 2019 China will consider strengthening controls on exports of rare earths, 17 chemical elements used in high-tech consumer electronics and military equipment, to protect and better use such "strategic resource", the State planner said on Tuesday. Rising tensions between the United States and China... 

Brazilian VP says Brics should focus on economics, not politics

By: Rebecca Campbell     3rd June 2019 In comments made in Beijing on May 24, which appear not to have been much, if at all, reported outside his home country, Brazilian Vice-President Hamilton Mourão called on the Brazil, Russia, India, China, South Africa (Brics) alignment to switch away from political issues and focus instead on... 

China willing to meet reasonable rare earth demand from other countries

By: Reuters     30th May 2019 China is willing to meet reasonable demand for rare earths from other countries, but it would be unacceptable that countries using Chinese rare earths to manufacture products would turn around and suppress China, its commerce ministry said. That would be unacceptable, Gao Feng, spokesman at the... 

Rare earths give abundant returns as investors guess trade twist

By: Bloomberg     29th May 2019 Returns for investors in Chinese rare earths stocks are looking anything but scarce. Investors are piling into the sector on speculation the materials may be weaponized in China’s tit-for-tat trade war with the US President Xi Jinping’s visit to a rare earth facility in Jiangxi last week fueled... 

Pensana Metals questions rare earths price surge in China

By: Marleny Arnoldi     27th May 2019 Neodymium prices surged towards $50 000/t on the Sanghai Metal Market on Friday, as rare earths hit centre stage in China’s trade dispute with the US, ASX-listed Pensana Metals said in a statement on Monday. The company added that the price surge followed a public visit by Chinese President Xi... 

Tanzania's China-backed $10bn port plan stalls over terms – official

By: Reuters     23rd May 2019 A planned $10-billion port project in Tanzania backed by China has hit an impasse, with the two sides disagreeing on terms of the infrastructure investment, a senior Tanzanian port official said on Wednesday. In 2013, Tanzania signed a framework agreement with China Merchants Holdings... 

China, South Africa mark 20 years of diplomatic relations

By: Natasha Odendaal     26th April 2019 The win-win, shared development characterising the China-South Africa relationship has entered a new "golden harvest period" after 20 years of established diplomatic relations, says Changsha Municipal People's Government Vice Mayor Qiu Jixing. Speaking during a week-long China (Changsha)-South... 

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