Maanshan Iron & Steel Co, the second-biggest Chinese steelmaker listed in Hong Kong, will increase coking coal imports this year, adding to rising global demand that’s sent prices soaring.
The mill bought between 800,000 metric tons and 900,000 tons of the raw material from BHP Billiton Ltd, the biggest exporter, last year, Chairman Gu Jianguo said. [...]
China’s major auto import customs center in Tianjin Municipality has reported a strong increase in auto imports this year.
Customs statistics show January imports to the port hit 24,000 vehicles with a total value of 820 million U.S. dollars. Both figures represented a year-on-year jump of 120 percent.
Tianjin’s customs handle about half of China’s total auto [...]
An official from the Ministry of Agriculture refutes recent media reports that its watchdog agency has approved imports of genetically modified (GM) food seeds for large-scale cultivation in China, the People’s Daily reported Wednesday.
The ministry has authorized four GM crops’ imports — cotton, soybean, corn and kale — but only as raw materials for industrial [...]
Clean energy measures to reduce dependence on costly fuel imports
Domestic oil companies have started developing charging stations for electric vehicles to cash in on the growth in clean energy.
Oil refiner Sinopec has already started to work with the Beijing municipal government to develop such stations. The company has set up a joint venture with a [...]
Australian coal and iron ore company Resourcehouse said over the weekend it had signed a record $60 billion coal supply deal with Chinese power stations, a move analysts said underscored Chinese companies’ growing demand for energy to fuel the country’s economic development.
Resourcehouse will supply 30 million tons of coal annually over 20 years to China [...]
Companies to continue global hunt for lucrative commodities
China, the world’s largest metal consumer, will add to last year’s record $32 billion spending on resource acquisitions as demand for iron ore, copper and oil soars with the fastest economic growth since 2007.
Chinese companies will hunt for iron ore, coal, oil, copper and gold assets, said Jing [...]
