How to buy cheap coal, gas and natural gas in China
Posted On August 6, 2021
A recent article in the New York Times highlights how Chinese firms are now trying to find ways to make their copper more affordable to consumers.
Copper is widely considered the “most important component of modern Chinese civilization,” and its cheap, easy to mine, and easily transported makes it a commodity with wide-ranging economic, social and environmental benefits.
China is also building up its mines, with the latest reports showing it has about 20 billion tonnes of copper in the country’s mines alone.
China has long been one of the world’s largest producers of copper, and its domestic copper reserves are currently at more than 5 trillion tonnes.
But this year the country is adding a new type of copper ore: gold.
According to the Ministry of Industry and Information Technology (MIIT), China added gold ore to its domestic coal supply in the first half of the year.
It is the first time China has ever added gold to coal production.
The new gold mines have come under increasing pressure from environmental groups and environmentalists, who say the mining is destroying the environment.
Mining and processing gold can be dangerous and can cause pollution to rivers and the environment, the environmental groups say.
China’s new copper mines will likely take years to mine and processing.
But the country has seen a sharp increase in gold production over the past few years, and many companies are planning to expand their mines.
The Chinese mining boom is a good story for the rest of the developed world.
But that story doesn’t really matter for China’s coal.
The copper boom is good for China but it’s bad for everyone else, including China’s energy and steel industries.
Source: The New York Time