China’s largest gold mining company Zijin Mining is acquiring Canadian miner Allied Gold in an all-cash deal valued at about C$5.5 billion (US$4 billion), reports the South China Morning Post. This is the first major cross-border transaction after Beijing and Ottawa recently reset ties after years of diplomatic strain. Zijin Gold International, a Hong Kong-listed subsidiary of […]
Category: Commodities
China’s largest gold mining company Zijin Mining is acquiring Canada’s Allied Gold in an all-cash deal valued at about $4 billion. This is the first major cross-border transaction since Canadian Prime Minister Carney’s recent visit to Beijing, which saw a thawing of several years of diplomatic tensions. The announcement came as gold prices reached a […]
China is set to ramp up imports of Russian oil in January, absorbing barrels that would have previously gone to India and Turkey, reports Reuters. This comes as tougher Western sanctions force Moscow to redirect flows, LSEG data and traders said. China is due to receive nearly 1.5 million barrels per day (bpd) of Russian oil […]
China’s automakers are heading into 2026 under mounting financial pressures as prices for key components such as memory chips, battery-grade lithium carbonate, copper and aluminum continue to climb, reportsCaixin. The added burden could inflate production costs by thousands of yuan per vehicle, Caixin says, citing UBS Group. Despite these rising costs, manufacturers are unlikely to […]
China has made strengthening export control rules and safeguarding supply-chain resilience top priorities this year, reports the South China Morning Post. This comes as officials move to secure the nation’s economic interests amid rising geopolitical friction. The Ministry of Commerce said it would enhance legal frameworks and risk prevention and tighten the “safety net for opening up” as one of […]