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An employee checks aluminium ingots for export at Qingdao Port, Shandong province, in this March 14, 2010 file photo. Photo: Reuters
Banking & finance

Hong Kong to join LME warehouse network to serve China’s metals appetite

‘Major milestone’ enhances Hong Kong’s role as a conduit to China, the world’s biggest consumer of metals.

Commodities

China steelmakers set for more production cuts as demand sags

Yuan

China’s yuan on the rise in oil trade, but petrodollar here to stay: report

Banking & finance

Hong Kong should seize role in clean-energy commodities, think tank says

Commodities market would ‘create a new growth point for Hong Kong’s economy’, report from Better Hong Kong Foundation says.

An aerial photo taken on September 2, 2024 shows the fourth phase of the Chinese-built Mohammed bin Rashid Al Maktoum Solar Park in Dubai, United Arab Emirates. Photo: Xinhua
An aerial photo taken on September 2, 2024 shows the fourth phase of the Chinese-built Mohammed bin Rashid Al Maktoum Solar Park in Dubai, United Arab Emirates. Photo: Xinhua
Business of climate change

China’s Zijin to start producing lithium from Congo in early 2026

The Manono project is also claimed by Australia’s AVZ Minerals, which has started arbitration proceedings against the African nation’s government.

Gold in Hong Kong

Gold could hit US$3,000 in 2025 amid continuing bull run

A recent World Gold Council survey showed 81 per cent of respondents expect central banks to bolster their gold reserves in the coming year.

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China deflation

Diamonds are plunging in value around the world. Is China to blame?

China’s demand for natural diamonds has ‘fallen off a cliff’ amid plunging marriage rates, while its factories are churning out synthetic alternatives that are up to 90 per cent cheaper.

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A 56.23-carat pink diamond. Photo: Handout
A 56.23-carat pink diamond. Photo: Handout
China economy

China’s crop import curbs causing soybean shortage

Some soybean crushers in Dongguan in Guangdong province have had to suspend operations for the last three weeks, traders say.

Banking & finance

Exclusive | Hong Kong’s potential as commodities hub draws expansion by Marex Group

The establishment of London Metal Exchange warehouses in Hong Kong will be a key enabler, Marex CEO says.

Commodities

Mitsubishi loses US$90 million in suspected China copper fraud

Mitsubishi dismissed Gong Huayong, a Shanghai-based copper trader at one of its China units, after finding that he had made unauthorised trades with local companies.

A view of the Zhengzhou Commodity Exchange in Henan province on April 3, 2019. Photo: Imaginechina.
Automotive industry

China’s EV boom threatens to push petrol demand off a cliff

Brokerage Citic Futures sees Chinese gasoline consumption dropping by 4 to 5 per cent a year through 2030.

A PetroChina EV charging station stands next to a petrol station in Beijing on February 2, 2024. Photo: Reuters
A PetroChina EV charging station stands next to a petrol station in Beijing on February 2, 2024. Photo: Reuters
Focus

Global CEOs see new hopes, old threats in Hong Kong vs Trump 2.0

‘People are leery of investing a lot of money in a country that is part of geopolitical tensions,’ Oaktree Capital’s Howard Marks says.

China's economic recovery

China hits jackpot with discovery of ‘massive’ gold reserves in Hunan

The US$80 billion hoard is the latest fruit of China’s drive to find new domestic precious minerals reserves.

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China trade

US farmers sign big deals at CIIE expo, easing concerns about scale of trade war

‘Agricultural products are an important part of bilateral trade between China and the US,’ AmCham Shanghai says.

Visitors at the CIIE event. Photo: Reuters
Artificial intelligence

MTR Lab backs AI start-up Ensonic in first mainland Chinese investment

Ensonic produces AI-based acoustic detection systems used for equipment quality control and maintenance.

The deal with Ensonic marks MTR Lab’s first investment in a mainland Chinese company. Photo: Edmond So
The deal with Ensonic marks MTR Lab’s first investment in a mainland Chinese company. Photo: Edmond So
TikTok

TikTok CEO vows to earn global trust, as app challenges US ban

Chew Shou Zi calls earning local trust around the world “a big challenge” for TikTok at a summit in Riyadh.

5
China economy

China’s steel and oil industries face mounting losses amid economic slowdown

China steel’s industry racked up losses of US$5 billion from January to September, while the oil sector’s losses widened to US$4.5 billion.

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PetroChina

PetroChina to downsize, shut its biggest refinery in northern China

PetroChina plans to shut its Dalian refinery, with the capacity of 410,000 barrels per day, or 3 per cent of China’s total refinery output, around mid-2025, sources said.

Liquified natural gas (LNG) storage tanks at PetroChina’s receiving terminal in Dalian, Liaoning province on July 16, 2018. Photo: Reuters
Liquified natural gas (LNG) storage tanks at PetroChina’s receiving terminal in Dalian, Liaoning province on July 16, 2018. Photo: Reuters
Gold in Hong Kong

How Hong Kong can compete with Singapore, Dubai in gold trading

Hong Kong has to create a comprehensive gold trading ecosystem, attract international traders, central banks and hedge funds.

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China economy

Full steam ahead as Shanghai ports eye global container volume record

The city is investing in infrastructure and technology to support growth, while also liberalising its finance sector to attract international shipping businesses.

Middle East

Oil futures surge amid Middle East tensions and speculative shifts

Middle East tensions drive oil futures to their largest gain in a year, with traders rushing to buy call options amid fears of supply disruptions.

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A gas flare on an oil production platform is seen alongside an Iranian flag in the Arabian Gulf in this file photo. Photo: Reuters
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OPINION
Christopher Tang,Kenneth Tang

The View | How Hong Kong can lead the way on sustainable textiles

Christopher Tang
Kenneth Tang
Andy Xie

The View | How China is becoming the Saudi Arabia of renewables

Andy Xie
Tim Daiss

Opinion | China’s energy playbook success not enough to secure climate goals

Tim Daiss
Anthony Rowley

Macroscope | Gold is still the safe haven of choice in Asia and beyond

Anthony Rowley
5
Nikola Mikovic

Opinion | Russia needs China’s market more than China needs Russian gas

Nikola Mikovic
17
Mohammad Yunus

Opinion | The push for sustainable palm oil isn’t going far enough

Mohammad Yunus
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