8th World Antimony Forum

TBD
Guiyang, Guizhou, China

12th Rare Earth Summit

TBD
Hangzhou, Zhejiang, China

11th Aluminum Raw Materials Summit

TBD
Hangzhou, Zhejiang, China

9th Magnesium Summit

TBD
Hangzhou, Zhejiang, China

13th World InBiGeGa Forum

TBD
Hangzhou, Zhejiang, China

7th World Antimony Forum

June 13-14, 2019
Changsha, Hunan, China

7th Refractory & Abrasive Materials Summit 2019

May 23-24, 2019
Qingdao, Shandong, China

10th Aluminum Raw Materials Summit

May 16-17, 2019
Zhengzhou, Henan, China

11th Rare Earth Summit

May 9-10, 2019
Qingdao, Shandong, China

8th Magnesium Summit

April 11-12, 2019
Zhuhai, Guangdong, China

12th World InBiGeGa Forum

March 14-15, 2019
Zhuhai, Guangdong, China

Rio Tinto signs its first Renminbi portside trading contract

2019-10-12 13:43:26   【Print】
Rio Tinto, one of the world's top iron ore miners, signed its first spot trading contract denominated in Chinese Renminbi on Friday, in an effort to diversify procurement channels for Chinese customers.

Rio Tinto held a signing ceremony at Rizhao Port in China's eastern province of Shandong, offering 10,000 tonnes of mid-grade iron ore SP10 to Shanxi Gaoyi Steel Co., Ltd.Asian Metal Copyright The portside trading channel is only aiming to promote Rio Tinto's niche products for now, the representative said.Asian Metal Copyright, said Zhang Qi, director of foreign ore at the Shanxi firm.

"We believe port sales could potentially help us to better serve our existing customers, as well as potentially opening up an opportunity to sell to new customers who do not participate in the seaborne market," a Rio Tinto representative was quoted as saying. The portside trading channel is only aiming to promote Rio Tinto's niche products for now, the representative said.

Portside sales of Rio Tinto's products at Chinese ports are currently sold via traders. Brazilian mining giant Vale SA launched yuan-denominated spot trading in 2016.

China imported 684.9 million tonnes of the steelmaking raw material in the first eight months of 2019.

.Asian Metal Copyright, said Zhang Qi, director of foreign ore at the Shanxi firm.Asian Metal Copyright