Steel prices up on rumours Beijing has ordered deep production cuts at steelmakers as far away as 500km from Chinese capital ahead of massive military parade.
With trading in half of all equities halted by Beijing even those Chinese investors wishing to seek a safe haven in gold cannot do so says new report.
As 85% of Chinese thermal coal producers and 35% of miners focused on the metallurgical kind are now running at a loss.
Net June imports fall 48% from May as bargain hunters and safe haven buyers stay away despite stock market panic.
The vultures are circling. Precious metals bulls, laid flat by gold and silver prices dropping for the 5th week in a row, are watching deflationists such as Harry Dent and the financial media squawk about the imminent demise of precious …
Monday’s was the biggest one-day decline in Chinese stocks since an 8.8% drop on Feb. 27, 2007.
New research by WGC shows massive amounts of bullion were dumped in Shanghai and New York precisely at the same time dropping gold by 4.3%.
The world’s largest iron ore producer continued to flood the market despite a current oversupply that has sent prices for the commodity plummeting to historic lows.
The Vancouver-based miner profit fell 21% in the quarter, making it adjust its 2015 coal production forecast to 25-26 million tonnes from 26.5-27.5 million tonnes.
Seaborne with 62% content delivered to Qingdao dropped 0.7% to $51.76 a ton, its sharpest drop in two weeks.
Today’s data visualization is the most simple breakdown of the world economy that we’ve seen.
Greece defaulted at the end of June, and metals investors expected higher prices in July. What we expected isn’t what we got. It isn’t the first or last time markets surprised investors. Do lower spot prices mean precious metals are …
Scientists and engineers develop innovative technologies for enhanced resource efficiency of critical technology metals.
The yellow metal was on the brink of five-year lows on Tuesday, with further losses expected in the coming months.
A wave of bankruptcy is sweeping an industry already hit by competition from inexpensive natural gas, tougher environmental rules and a global coal glut that has decimated prices.
As heavy selling in early Asian trading hours tossed over a billion dollars’ worth of the bullion on the market in just a few minutes.
The announcement came after the Fanya Metal Exchange saw hundreds of investors protesting outside the building last week.
A day after reporting a significant jump in the number of pipeline failures, the Alberta Energy Regulator is now investigating one of the biggest ruptures in the province in years.
China says its gold reserves increased 57%, which makes it the country with the sixth-largest hoard of the precious metal.
Crucially, the assumption in capital markets that gold is no longer money but just an asset or commodity has all but destroyed our understanding of its monetary relationships.
The price of iron ore is holding above $50 for now, but a contraction in Chinese steel output will see producers increasingly fight for market share.
The deal increases Chinese miners presence in Congo, which is Africa’s top copper producer and the world’s largest producer of cobalt.
The agreement ends decades of economic sanctions against Iran, and includes reductions in centrifuges, international inspections.
The Shanghai Cooperation Organization (SCO) concluded a two-day meeting July 10 in Ufa, Russia, just two days after the BRICS (Brazil, Russia, India, China and South Africa) summit in the same city.
The fate of debt-ridden U.S. rare earth miner Molycorp rests on China's efforts to crack down on networks that smuggled as much as 40,000 tonnes of the vital technology metals out of the country last year, driving down global prices.
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