Iron ore advanced to a 5-week high of $53.40 on Tuesday, but analysts see steep decline in the final quarter of 2016.
China Mining News
Report claims that Walter Energy, Patriot Coal, Alpha Natural Resources, Arch Coal and Peabody Energy also allocated more than half a billion dollars for top executives salaries in decade before going bankrupt.
Thanks in part to a weak US dollar and the chance of monetary policy easing in China, responsible for nearly half of global metals demand.
We are on the precipice of a food fight among 7 billion people, and potash will be right at the center of it.
It will raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits in the fiscal year beginning next month.
Belarus has said it might cooperate with Uralkali, in the first sign the two sides might work together since the Russian potash producer broke off their business alliance in 2013.
Beijing's already cut coal miners working hours by 16% and plans to eliminate 500 million tonnes of coal capacity within just 3–5 years.
Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.
Technical analyst and newsletter writer Clive Maund explores the link between an anticipated copper rally and an upswing in Chinese markets.
Chief executive Andrew Mackenzie believes the iron ore market will take longer to balance out than other commodities due to an excess of supply coming on stream in the next few years.
It is estimated that processing one ton of rare earths these days can generate about 2,000 tons of toxic waste.
The global rare earth market is expected to grow from the $1.4 billion it was worth back in 2010 to $4.1 billion by 2017.
A cash-and-stock deal is said to be the favourite option at this point, though the parties are also discussing other alternatives.
New report shows China extracted nearly one fifth of its gold reserves last year – the global gold production to reserve ratio is only 3.8%.
Up to 1 billion tonne annual supply gap in seaborne coal by 2030 if no new mines are built according to climate change report by Swiss mining, trading giant.
Amid broad advance in metals and energy, copper price sinks to lowest in four months – is China and world economy worse off than is currently believed?
Zhongjin Gold Corp., Shandong Gold Mining Co. and Zijin Mining Group Co. said to be among potential bidders.
Canada slipped in the Fraser Institute’s global ranking, while Chile remains the most attractive jurisdiction in Latin America.
Chinese import volumes jumped 22% in May compared to last year giving support to iron ore price back above $50 a tonne.
Chinese smelters take in 45% more copper concentrate in May bringing year-to-date imports to whopping 6.7 million tonnes.
The country lost at least $27.5 million in revenue from lapis lazuli between 2014 and 2015. In contrast, armed groups earned about $20 million just in 2014.
Firmly back above $50 a tonne as miners' cost deflation eases.
Plenty of metal on offer as Chinese demand stays lacklustre.
World Bank revises down growth rate for commodity exporting countries to just 0.4%, predicts 15% decline in metal prices this year.
Capital spending by the world's largest miners since 2010 amounted to $632 billion – 32% of which has now been written off says new report.