CCTV News, August 1 - The "Futures and Derivatives Law of the People's Republic of China" officially came into effect on August 1. This law addresses the legal "shortcomings" in China's futures and derivatives sector. The biggest highlight and breakthrough is the inclusion of derivatives trading within the scope of legal regulation, establishing the three main functions of "price discovery, risk management, and resource allocation," which boosts the confidence of market participants and attracts more hedgers and institutional investors to participate. Furthermore, the implementation of the "Futures and Derivatives Law of the People's Republic of China" provides stronger tools and mechanisms for futures to serve the real economy, particularly in major industrial chains such as energy and minerals.

The main content related to mining includes: First, by 2025, the energy efficiency of key products in industries such as steel, petrochemical, and non-ferrous metals should reach international advanced levels, with energy consumption per unit of added value in large-scale industrial units decreasing by 13.5% compared to 2020. Second, deeply explore the energy-saving potential in the steel, petrochemical, and non-ferrous metal industries, orderly promote technological and process upgrades, and push for maximum improvement in energy efficiency levels to achieve steady enhancement of industry energy efficiency. Third, accelerate the innovation and upgrade of key materials such as high-performance electromagnetic wire, rare earth permanent magnets, and low-loss cold-rolled silicon steel sheets with high magnetic induction. Fourth, orderly promote the replacement of industrial coal with natural gas according to the principle of "gas-based reform."

On June 6, the Chinese government website reported that State Councilor and Foreign Minister Wang Yi, after concluding his visit to the Pacific Islands, gave an interview to central media. The main points regarding mining are: First, China will leverage its advantages in the fields of new energy and renewable energy to assist island nations in promoting a green and low-carbon transition. Second, China will actively respond to the island nations' calls for expanding cooperation with China in the areas of mineral energy, trade, and investment, broaden market access for island nations, and help them better share in the benefits of the Chinese market.

Xinhua News Agency, May 15 - The 10th issue of the "Qiushi" magazine published an important article by General Secretary Xi Jinping titled "Correctly Understanding and Grasping Major Theoretical and Practical Issues in Our Country's Development." The article points out the need to correctly understand and grasp the supply guarantee of primary products. Firstly, enhance the domestic resource production guarantee capability. Increase exploration efforts, implement a new round of strategic actions for mineral discovery breakthroughs, and improve the development and protection level of marine and mineral resources. Secondly, leverage the supporting role of state-owned enterprises to accelerate the development and application of advanced extraction technologies for resources such as oil and gas. Thirdly, strengthen the construction of the national strategic material reserve system. Fourthly, optimize overseas resource guarantee capabilities, effectively preventing...

According to a report by Mining.com, the Fraser Institute in Canada has released its latest annual survey report on mining companies, stating that resource-rich Western Australia has replaced Nevada in the United States as the best destination for global mining investment.

Although most nickel is used to produce stainless steel, this base metal has played a core role in the production of electric vehicle batteries, as original equipment manufacturers (OEMs) are increasingly adopting high-nickel batteries. Currently, the global nickel market is in a state of surplus, but a supply shortage is expected by 2027, while demand continues to accelerate.

On March 18, Luoyang Molybdenum Co., Ltd. (SH.603993) announced its performance for 2021. The company's operating performance showed significant growth, with total revenue of 173.86 billion yuan (RMB, the same below), a year-on-year increase of 54%. The net profit attributable to shareholders was 5.11 billion yuan, a year-on-year increase of 119%, both achieving the best performance in history.

On March 16, the Financial Stability Development Committee of the State Council held a special meeting to study the current economic situation and issues in the capital market. The meeting was chaired by Liu He, a member of the Political Bureau of the Central Committee of the Communist Party of China, Vice Premier of the State Council, and Director of the Financial Committee, with responsible officials from relevant departments participating.