China Minmetals Chairman Sees More Purchases of Overseas Assets
Sunday,06/03/2016|08:22GMTby
Bloomberg News
Chinese companies will continue buying overseas mining assets as the industry goes through structural changes and China looks to...
Chinese companies will continue buying overseas mining assets as the industry goes through structural changes and China looks to lower its dependence on resources controlled by foreign companies, He Wenbo, chairman of China Minmetals Corp., said on Sunday.
Responding to a question about the possibility of purchasing more assets from Glencore, He said Minmetals keeps in touch with all leading global mining companies. "We discuss everything we are interested in," he said, without providing further detail. He spoke to Bloomberg on the sidelines of National People’s Congress meetings in Beijing.
Glencore Chief Executive Officer Ivan Glasenberg announced in September a debt cutting program that includes asset sales, among other steps. Minmetals purchased the Las Bambas project in Peru from Glencore in 2014 for $5.85 billion.
On the industry outlook for metals prices, He said: "Base metals prices fell rapidly last year and all big miners are suffering. Base metal prices will eventually stabilize unless we find revolutionary substitutes of base metals in next decades. Right now many metals prices are around their marginal costs. Such a situation won’t last for long."
He said Minmetals’ Acquisition of engineering and mining firm China Metallurgical Group will help boost the company’s competitiveness, by reinforcing each side’s strengths.
"Minmetals has been turning into a mining company from a trading house, and we have an experienced management with global knowledge, while MCC is pretty good at designing and construction. We will be a good fit and will focus on overseas projects in line with China’s "One Belt One Road" plan to revive development in countries along the former Silk Road.
Peter Grauer, the chairman of Bloomberg LP, is a senior independent non-executive director at Glencore.
To contact Bloomberg News staff for this story: Alfred Cang in Shanghai at acang@bloomberg.net. To contact the editors responsible for this story: John Liu at jliu42@bloomberg.net, Ken Wills
Chinese companies will continue buying overseas mining assets as the industry goes through structural changes and China looks to lower its dependence on resources controlled by foreign companies, He Wenbo, chairman of China Minmetals Corp., said on Sunday.
Responding to a question about the possibility of purchasing more assets from Glencore, He said Minmetals keeps in touch with all leading global mining companies. "We discuss everything we are interested in," he said, without providing further detail. He spoke to Bloomberg on the sidelines of National People’s Congress meetings in Beijing.
Glencore Chief Executive Officer Ivan Glasenberg announced in September a debt cutting program that includes asset sales, among other steps. Minmetals purchased the Las Bambas project in Peru from Glencore in 2014 for $5.85 billion.
On the industry outlook for metals prices, He said: "Base metals prices fell rapidly last year and all big miners are suffering. Base metal prices will eventually stabilize unless we find revolutionary substitutes of base metals in next decades. Right now many metals prices are around their marginal costs. Such a situation won’t last for long."
He said Minmetals’ Acquisition of engineering and mining firm China Metallurgical Group will help boost the company’s competitiveness, by reinforcing each side’s strengths.
"Minmetals has been turning into a mining company from a trading house, and we have an experienced management with global knowledge, while MCC is pretty good at designing and construction. We will be a good fit and will focus on overseas projects in line with China’s "One Belt One Road" plan to revive development in countries along the former Silk Road.
Peter Grauer, the chairman of Bloomberg LP, is a senior independent non-executive director at Glencore.
To contact Bloomberg News staff for this story: Alfred Cang in Shanghai at acang@bloomberg.net. To contact the editors responsible for this story: John Liu at jliu42@bloomberg.net, Ken Wills
Clearstream to Settle LCH-Cleared Equity Contracts
FM Daily Brief: 21 April 2026
FM Daily Brief: 21 April 2026
It's Tuesday, the twenty-first of April, twenty twenty-six. You're listening to the Finance Magnates Daily Brief. Today's lead: the Bank for International Settlements has put dollar stablecoins on the regulatory hot seat. Also ahead: first quarter earnings from Capital.com and Plus500, Revolut pushes its IPO to twenty twenty-eight, and a look at where Singapore hedge funds are really moving.
It's Tuesday, the twenty-first of April, twenty twenty-six. You're listening to the Finance Magnates Daily Brief. Today's lead: the Bank for International Settlements has put dollar stablecoins on the regulatory hot seat. Also ahead: first quarter earnings from Capital.com and Plus500, Revolut pushes its IPO to twenty twenty-eight, and a look at where Singapore hedge funds are really moving.
In this video, we review @FundedNext a proprietary trading firm offering evaluation challenges for CFD and futures traders using simulated accounts.
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Watch the full video to see if FundedNext fits your trading approach.
#FundedNext #PropFirm #PropTrading #FinanceMagnates #Trading #CFDTrading #FuturesTrading #TradingReview
In this video, we review @FundedNext a proprietary trading firm offering evaluation challenges for CFD and futures traders using simulated accounts.
We cover how the model works, including challenge types, profit targets, loss limits, and performance-based rewards. You’ll also learn about payout structures, supported platforms, and key features such as the firm’s 24-hour payout policy and flexible challenge formats.
Watch the full video to see if FundedNext fits your trading approach.
#FundedNext #PropFirm #PropTrading #FinanceMagnates #Trading #CFDTrading #FuturesTrading #TradingReview
TradingPro Winner Spotlight 🏆 | Global Best Overall Broker 2025
TradingPro Winner Spotlight 🏆 | Global Best Overall Broker 2025
TradingPro takes the spotlight as Global Best Overall Broker 2025 at the Finance Magnates Awards.
Yusna Yusman, Head of Global Marketing, describes the night as inspiring, elegant, and full of energy.
She also shares a message of appreciation to the clients and community whose support made this achievement possible.
👉 Be part of FM Awards 2026.
#FinanceMagnatesAwards #TradingPro #Trading #Fintech #Broker #WinnerSpotlight #Shorts
TradingPro takes the spotlight as Global Best Overall Broker 2025 at the Finance Magnates Awards.
Yusna Yusman, Head of Global Marketing, describes the night as inspiring, elegant, and full of energy.
She also shares a message of appreciation to the clients and community whose support made this achievement possible.
👉 Be part of FM Awards 2026.
#FinanceMagnatesAwards #TradingPro #Trading #Fintech #Broker #WinnerSpotlight #Shorts
In this video, we review @deriv an online broker offering CFDs and options across a wide range of markets, including forex, stocks, indices, commodities, cryptocurrencies, and derived indices.
We cover the broker’s overall offering, including its multi-jurisdiction regulatory structure, platform ecosystem, and range of account types. We also explore key features such as product availability, funding options, and trading conditions.
Watch the full video to see if Deriv fits your trading needs.
#Deriv #ForexBroker #CFDTrading #FinanceMagnates #Trading #BrokerReview #OnlineTrading
In this video, we review @deriv an online broker offering CFDs and options across a wide range of markets, including forex, stocks, indices, commodities, cryptocurrencies, and derived indices.
We cover the broker’s overall offering, including its multi-jurisdiction regulatory structure, platform ecosystem, and range of account types. We also explore key features such as product availability, funding options, and trading conditions.
Watch the full video to see if Deriv fits your trading needs.
#Deriv #ForexBroker #CFDTrading #FinanceMagnates #Trading #BrokerReview #OnlineTrading
Opening-Up eWallets’ Future: The Enduring Value of eWallets in the Trading Space ︳FM Talks x Paysafe
Opening-Up eWallets’ Future: The Enduring Value of eWallets in the Trading Space ︳FM Talks x Paysafe
eWallets aren’t just moving money anymore, they’re running the show.
In this episode of FM Talks, Adonis Adoni (News Editor at Finance Magnates) sits down with Paysafe 's:
•Bob Legters, Chief Product Officer
•Jeannie Lam, VP of Sales & Account Management for Forex & Financial Trading
to break down how wallets evolved from simple payment tools into core trading infrastructure.
💥 Inside the conversation:
•Why wallets now drive growth, retention, and global scale for brokers
•The hidden power behind deposit success, fraud prevention, and UX
•Stablecoins: hype, reality, and where they actually fit today
•AI in wallets: smarter flows vs rising fraud risks
•The rise of white-label wallets and full ecosystem control
•What the future looks like when wallets become your financial brain
🔗 Learn more about @PaysafeGroup : https://www.paysafe.com/en/optimize-forex-payments-for-growth-in-2026/fm/?utm_source=fm&utm_medium=podcast&utm_campaign=2026-q1-fx-demand-gen&utm_content=podcast
From fiat to crypto, payments to trading, everything is converging and wallets are right at the center of it.
#Fintech #eWallets #Trading #DigitalPayments #Stablecoins #Crypto #AIinFintech #FutureOfFinance #Paysafe #FMtalks
eWallets aren’t just moving money anymore, they’re running the show.
In this episode of FM Talks, Adonis Adoni (News Editor at Finance Magnates) sits down with Paysafe 's:
•Bob Legters, Chief Product Officer
•Jeannie Lam, VP of Sales & Account Management for Forex & Financial Trading
to break down how wallets evolved from simple payment tools into core trading infrastructure.
💥 Inside the conversation:
•Why wallets now drive growth, retention, and global scale for brokers
•The hidden power behind deposit success, fraud prevention, and UX
•Stablecoins: hype, reality, and where they actually fit today
•AI in wallets: smarter flows vs rising fraud risks
•The rise of white-label wallets and full ecosystem control
•What the future looks like when wallets become your financial brain
🔗 Learn more about @PaysafeGroup : https://www.paysafe.com/en/optimize-forex-payments-for-growth-in-2026/fm/?utm_source=fm&utm_medium=podcast&utm_campaign=2026-q1-fx-demand-gen&utm_content=podcast
From fiat to crypto, payments to trading, everything is converging and wallets are right at the center of it.
#Fintech #eWallets #Trading #DigitalPayments #Stablecoins #Crypto #AIinFintech #FutureOfFinance #Paysafe #FMtalks
