China’s National Development and Reform Commission said prices of gasoline and diesel oil will rise by 1,000 yuan ($145) per ton to 6,980 yuan ($1,015) and 6,520 yuan ($949), or 16 percent and 18 percent, respectively.
The government hiked fuel prices by about 11 percent in November but kept them frozen at that level, seeking to [...]

China is finding it harder than expected to clear out iron ore stocks that are overwhelming its ports, a senior official said on Wednesday, as stocks creep up past 80 million tonnes.
Severe congestion at northern Chinese ports is contributing to a rise in freight rates, which hit all-time highs last week.
That in turn has weakened [...]

Beijing is poised to take greater control of China’s push to secure Australian iron ore assets, amid speculation that Chinese entities are considering a $22 billion-plus share raid on BHP. China’s top planning agency says its state-owned enterprises needed greater “macro-guidance” to reduce risks and competition, given the spiralling value of iron ore assets, The [...]

China aims to produce 193 million tonnes of oil and 92 billion cubic metres of natural gas by 2010, according to an energy blueprint released by the National Development and Reform Commission (NDRC) on April 10.
While the target represents a mere 5% growth in oil output compared to last year, or 2.12% in annual growth, [...]

China’s stainless steel output for 2006 totaled 5.3 million Metric Tonnes, a year over year increase of 67.68%. The National Development and Reform Commission stated last week that this sector is expected to further grow by 8% this year. The NDRC predicts prices to rise gradually in 2007 with a focus mainly on technological upgrades [...]

Magang Holdings Co, which owns China`s second-biggest Hong Kong-listed steelmaker, has got government approval to spend Yu1.1 billion (US$142 million) on the Rohe sulphur and iron ore mine to replace its existing sites which are low on reserves.
The mine is expected to produce 3 Mt/y of minerals, including 983,100 t of ore with 66% iron [...]

China will consolidate coal mines and boost output of good quality coal while controlling overall production, the country’s planning agency says in a five-year blueprint for the industry.
Total production will be capped at 2.6 billion tons annually by 2010, the National Development and Reform Commission said in a report posted on its Web site.
China is [...]

Demand for nickel is principally linked to the production of stainless steel which makes up around 62 pct of nickel usage worldwide, particularly the 300 series with a 8-12 pct nickel content. China last year tried to push a lower grade nickel 200 series into the market due to high nickel prices — a [...]

Coal producers and power plants agreed to lift coal prices this year by an average of 30 yuan per tonne, or around 10 percent, state media reported, striking a deal for the first time without government intervention.
Shares in listed coal firms soared on Thursday on improved prospects for coal prices. China Shenhua Energy and [...]

Copper futures in Shanghai rose for the first day in four as a reduction in global stockpiles of the industrial metal helped to keep prices above a nine-month low reached yesterday amid speculation of weakening demand.
Copper stocks in London Metal Exchange warehouses around the world fell 2,550 metric tons yesterday from 199,450 tons the previous [...]