China’s rare earth mining and smelting/separation quotas stood at 168,000 mt and 162,000 mt respectively in 2021, according to the Ministry of Natural Resources (MNR) and the Ministry of Industry and Information Technology (MIIT).

The profits of the mining and raw material manufacturing industry increased by 1.84-fold and 39.6% year-on-year, respectively, in August, which were well above the average level of industries above designated size, said Zhu Hong, a senior statistician at the Department of Industry of the National Bureau of Statistics (NBS).

SMM believes that the current increment of the tungsten ore mining quotas is the highest over the past three years.

In order to achieve a sustainable future, mining giant BHP urges for greater transparency in the pricing mechanisms in the copper market.

China’s sales of new energy passenger cars increased 25% month on month to 83,000 units in June, according to data from the China Passenger Car Association (CPCA) released on Thursday. 

Data from the MIIT also revealed that 66.5% of workers have returned at those auto-making bases.

Guangzhou will offer subsidies for car purchases, in a bid to revive auto sales, which have been hit by the fallout from the COVID-19 epidemic outbreak.

Car imports in China stood at 102,000 units in December, up 24% on the month

China produced 95,000 new energy vehicles last month, up 11.8% from a month ago but down 41% from a year ago

About 2.59 million automobiles were manufactured in China in November, up 13% from a month ago and 3.8% from a year ago