Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / China Minmetals signs 20 million mt iron ore purchase agreement with Vale

China Minmetals signs 20 million mt iron ore purchase agreement with Vale

Nov 6, 2018 16:21

Source:SMM

The agreement was signed during the first-ever China International Import Expo on Tuesday Nov 6

SHANGHAI, Nov 6 (SMM) – China Minmetals, the country's largest state-owned supplier of raw materials and the largest steel trading company, signed a 20 million mt iron ore purchase agreement with Brazilian mining giant Vale on Tuesday November 6.

The agreement was signed during the first-ever China International Import Expo (CIIE), which was held in Shanghai on November 5-10.

China is the world's biggest consumer of iron ore for steelmaking.

Separately during the CIIE, China Minmetals also signed a five-year agreement to purchase 2,400 mt of nickel nodular from Sumitomo Metal Mining.

Market commentary

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

Analysis: Macro factors have pushed zinc prices to remain firm, how will zinc fundamentals change in H2?

Domestic zinc concentrate supply has tightened this year as COVID-19 drove mining companies across Peru and Mexico to halt production. This, combined with sharp declines in domestic zinc concentrate production, lowered treatment charges (TCs) from a high seen early this year. Large quantities of shipments from other countries pushed China’s zinc concentrate imports to a record high in April.

time

Aug 10, 2020 11:56

Analysis: Macro factors have pushed zinc prices to remain firm, how will zinc fundamentals change in H2?

China pledges further reform and support amid uncertainties

China will stay committed to deeper reform and wider opening-up, and will step up efforts to expand domestic demand and increase the vitality for economic development in the face of growing uncertainties and challenges presented by the COVID-19 pandemic, according to a meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee on Thursday July 30.

time

Jul 31, 2020 14:59

China pledges further reform and support amid uncertainties

Silicon prices have bottomed out, uncertainty remains for near-term prices

Silicon prices returned to a downward trend in June after stabilising in May, as supply increased with ramped-up production in Yunnan and Sichuan, while demand in the domestic and overseas markets failed to post same growth. Trades were thin amid pessimistic sentiment.

time

Jul 15, 2020 14:21

Silicon prices have bottomed out, uncertainty remains for near-term prices

Cobalt prices underpinned by COVID-19 crisis in Congo, lithium carbonate prices likely to rebound in short term

Near-term prices of cobalt may find some support as stockpiling demand for cobalt salt increased last week after some workers in mining areas of Congo were tested positive for the coronavirus.

time

Jul 14, 2020 16:17

Cobalt prices underpinned by COVID-19 crisis in Congo, lithium carbonate prices likely to rebound in short term

Overseas Mn ore offers: Tshipi July offers for South African 36% Mn ore

Tshipi offered South African semi-carbonate manganese ore with 36% Mn, for July delivery to China, at $4.5/mtu, down $0.45/mtu from the first round of offers and down $1.05/mtu month on month.

time

Jul 6, 2020 11:49

Overseas Mn ore offers: Tshipi July offers for South African 36% Mn ore

China Southern Rare Earth raised terbium oxide prices for the seventh straight week

The adjustment brought quotes of terbium oxide to 4.7 million yuan/mt, up 150,000 yuan/mt from a week ago, marking the seventh consecutive week of increase. This followed a rise of 100,000 yuan/mt in the previous week.

time

Jun 30, 2020 14:45

China Southern Rare Earth raised terbium oxide prices for the seventh straight week

Tangshan puts all independent steel rolling mills in Fengrun into suspension till end-June

The government of Fengrun district of Tangshan, China’s top steelmaking hub, has urged local steel companies to tighten production controls between 12:00 CST June 27 and 24:00 CST June 30, in the face of unfavourable weather conditions for dispersing air pollutants.

time

Jun 28, 2020 11:17

Tangshan puts all independent steel rolling mills in Fengrun into suspension till end-June

China Southern Rare Earth further raised terbium oxide prices on week

China Southern Rare Earth Group, one of the six state-owned rare earth mining groups in China, continued to lift the listed prices for terbium oxide, a type of medium-to-heavy rare earth oxide, for this week.

time

Jun 23, 2020 15:03

China Southern Rare Earth further raised terbium oxide prices on week

Stainless steel surged 3% on expectations of supply cuts

The most actively traded stainless steel contract on the Shanghai Futures Exchange advanced more than 3% to a more than three-week peak of 13,195 yuan/mt in morning trade, on track for the first weekly gain in five weeks.

time

Jun 19, 2020 11:24

Stainless steel surged 3% on expectations of supply cuts

CPCA: China’s passenger car sales in May posted first YoY increase over the past 11 months

China’s passenger car sales rose for the first time in almost a year in May, as the auto market rebounded from the coronavirus crisis with support from recovering demand and government stimulus measures, the China Passenger Car Association (CPCA) said on June 8.

time

Jun 9, 2020 14:00

CPCA: China’s passenger car sales in May posted first YoY increase over the past 11 months

SMM Events & Webinars

Nov
24
- 2024 SMM Middle East Secondary Metal Field Trip
  Nov 24 - Dec 01,2024
  UAE
Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
23
- 2025 (20th) SMM Copper Industry Conference and Expo
  Apr 23 - 25,2025
  Nanchang，Jiangxi，China

MOST POPULAR

1.China Lithium Market Dynamics and Lithium Procurement Study

2.Battery Recycling Technology Understanding

3.Solid State Battery Market

4. China Scrap Steel Quality Analysis

5.China Scrap Steel Cost Curve

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.