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A roll of copper pipe moves through a facility of Zhejiang Hailiang in Diankou Town of Zhuji, east China’s Zhejiang Province, on April 7, 2025. Photo: Xinhua
HKEX

LME approves Hong Kong warehouses amid growing China metals trade

Milestone by HKEX-owned London Metal Exchange positions city to develop as a metals hub, CEO says.

China trade

China’s middle class loves avocados. Enter Australia?

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Commodities

Oil plunges as trade, oversupply risks increase and Saudis slash prices

Commodities

Will the free-falling oil price reorder the world’s energy landscape?

Brent crude, the global benchmark, tumbled 13 per cent through Thursday and Friday to just over US$66 a barrel.

A trader on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 2, 2025. Photo: AFP
A trader on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 2, 2025. Photo: AFP
Banking & finance

Towngas says tourism rebound, incoming mainland talent will drive sales in 2025

Towngas says its renewable energy business on the mainland was a strong profit contributor.

Banking & finance

Towngas unit’s 2024 profit gains as renewable energy bets pay off

Net profit rose 2 per cent to HK$1.6 billion (US$206 million), while revenue increased 7.4 per cent to HK$21.3 billion.

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Electric & new energy vehicles

Exclusive | Why does a Kazakh tycoon want to ride China’s electric vehicle wave?

‘We are a natural partner for China, especially in the growing EV sector,’ says Kenges Rakishev, chairman of the Fincraft Group.

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Kenges Rakishev, chairman of the Fincraft Group. Photo: Handout
Kenges Rakishev, chairman of the Fincraft Group. Photo: Handout
Business of climate change

China miners accelerate overseas buying spree

Last month, MMG said it would buy British miner Anglo American’s nickel business in Brazil.

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Gold in Hong Kong

Gold and Chinese stocks still have room to rise, CICC says

Despite concerns about stretched valuations after recent rallies, both offer growth potential and diversification value, bank says.

Business of climate change

China must slash steel capacity in next 5 years to meet green goals

China coal-based blast furnace (BF) capacity must fall by at least 200 million tonnes per annum (Mtpa) by 2025, said the Centre for Research on Energy and Clean Air.

Smoke billowed from an unauthorised steel plant in Inner Mongolia on November 4, 2016. Photo: Getty Images
US-China relations

How the US makes billions selling gristly chicken feet to China

Chicken feet are regarded as waste in most countries, but in China they are a beloved delicacy – and a lucrative import category.

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Steamed chicken feet are a classic dim sum dish in China. Photo: Shutterstock
Steamed chicken feet are a classic dim sum dish in China. Photo: Shutterstock
Gold in Hong Kong

Hongkongers rush to sell, buy gold as precious metal’s price hits record high

Gold bought in October 2023 is worth 63 per cent more now, and some analysts expect the price to continue rising.

China deflation

‘Farmers can’t bear it!’: China’s poultry industry scrambled by falling prices

While the US faces egg shortages, China’s poultry farmers are dealing with the opposite problem: plunging prices due to chronic overproduction.

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Banking & finance

Gold hits record high as Trump’s tariffs spur safe-haven buying

Gold hit US$2,830.49 per ounce on Monday due to the safe-haven demand driven by uncertainty surrounding Trump’s tariffs.

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Bullion banks have been transporting gold from Asian trading hubs to the US to profit from unusually high US gold futures. Photo: Reuters
Gold in Hong Kong

‘Gold corridor’: Hong Kong bullion exchange’s head envisions hub role

HKGX chairman forecasts rising gold prices and trading volume in the Year of the Snake.

Gold bricks are displayed at the Year of the Snake opening ceremony of the Hong Kong Gold Exchange in Sheung Wan on February 3, 2025. Photo: Edmond So
Gold bricks are displayed at the Year of the Snake opening ceremony of the Hong Kong Gold Exchange in Sheung Wan on February 3, 2025. Photo: Edmond So
Business of climate change

JD.com-backed gadget platform banks on China’s trade-in subsidy to spur volume

ATRenew, China’s largest platform for pre-owned electronics, is offering trade-in incentives to coincide with the Lunar New Year holiday.

China food security

High-steaks challenge: how China feeds its huge, meat-hungry population

China’s 1.4 billion consumers have developed Western-style appetites for high-protein foods such as pork and beef, prompting far-reaching changes in the global economy.

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Banking & finance

Standard Chartered banks on yuan assets amid US-China tensions

The lender has already seen higher demand for foreign-exchange management and hedging, and the need will only grow, an executive says.

An exterior view of a Standard Chartered branch in Exchange Square in Central. Photo: Jonathan Wong
An exterior view of a Standard Chartered branch in Exchange Square in Central. Photo: Jonathan Wong
Business of climate change

Tianqi warns of US$1 billion loss on price slump, halt to Australian expansion

A decline in profit at the firm’s Chilean unit, forex losses and asset impairments contributed to the poor results in 2024.

Commodities

China’s Zijin Mining vies with Glencore after record year for profits

The gold and copper producer has a market capitalisation on par with global commodity trading giant Glencore.

Business of climate change

Hong Kong and Singapore firms tie up to decarbonise shipping sector

The deal will combine Towngas’ strengths in green methanol production with Global Energy’s supply chain management.

Towngas and Global Energy are taking steps to provide green fuel for the shipping sector. Photo: Towngas
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.

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

China steelmakers set for more production cuts as demand sags

Chinese research firm Mysteel expects output to sink to less than 900 million tons by 2030 from more than 1 billion tons in 2024.

Yuan

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

Helped by digital yuan and advancements in financial tech, more yuan-backed transactions are taking place in crude settlement.

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
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