March 2 – Copper traders are bullish for a fourth consecutive week, the longest streak since October, as manufacturing strengthens from China and the US and stockpiles decline to their lowest level in more than two years. Thirteen of 29 analysts surveyed by Bloomberg expect the metal to gain next week and six were neutral. Inventories tracked by the London Metal Exchange have fallen to 292,250 tons, the lowest since August 2009, and orders to withdraw more metal are close to an eight-year high, bourse data show.
March 1 – China will consume 12 million tons of bio jet fuel annually by 2020, representing 30% of the total consumption of aviation fuels, the Civil Aviation Administration of China predicted.
February 29 – China's demand for iron ore imports will fall significantly this year as domestic demand abates, predicted Wu Rongqing, a senior analyst with the China Mining Association, without revealing an exact percentage. The nation's iron ore imports were up 10.9% to 686 million tons last year.
February 28 – China's coal output rose 8.7% to 3.52 billion tons in 2011, according to an industry meeting.
February 27 – China, the world's dominant supplier of rare earths, may almost double exports this year as lower prices stimulate demand, Bloomberg predicted. Chinese rare earth exports were 49% of the government-set quota in the first 11 months of 2011 as the slowing global economy sapped demand. Overseas sales quotas are expected to be unchanged this year at 31,130 tons.
February 27 – Benchmark thermal coal prices at China's Qinhuangdao, the nation's biggest delivery port for the fuel, fell for the third week as inventories continued to climb on slowing demand, Bloomberg reported. Coal with an energy value of 5,500 kilocalories per kg fell 0.6% to the lowest ever price range of ¥760 to ¥770 per ton, according to data from the China Coal Transport and Distribution Association.
$1 = ¥6.3
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