China

Iron ore price surges 6%

Frik Els | July 29, 2015
Iron ore price surges 6%

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.

'Trapped' Chinese stock investors key to gold demand

Frik Els | July 28, 2015
Trapped Chinese stock market investors key to gold demand

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.

China planning to step up controls on coal imports — report

Cecilia Jamasmie | July 28, 2015
China planning to step up controls on coal imports — report

As 85% of Chinese thermal coal producers and 35% of miners focused on the metallurgical kind are now running at a loss.

Chinese gold imports cut in half

Frik Els | July 27, 2015
Chinese gold imports cut in half

Net June imports fall 48% from May as bargain hunters and safe haven buyers stay away despite stock market panic.

Inflation Deniers Emboldened by Gold's Struggles

MoneyMetals.com | July 27, 2015

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 …

China’s biggest one-day stocks drop in eight years lifts gold prices

Cecilia Jamasmie | July 27, 2015
China’s biggest one-day stocks drop in eight years lifts gold prices

Monday’s was the biggest one-day decline in Chinese stocks since an 8.8% drop on Feb. 27, 2007.

How a China-US one-two punch floored gold price

Frik Els | July 23, 2015
How a China-US one-two punch floored gold price

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%.

Vale adds to iron ore supply glut — second highest ever quarterly output

Cecilia Jamasmie | July 23, 2015
Vale adds to iron ore supply glut — second highest ever quarterly output

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.

Coal slump hits Teck’s profit, output forecast

Cecilia Jamasmie | July 23, 2015
Coal slump hits Teck’s profit, output forecast

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.

Iron ore prices hit by fresh evidence of looming surplus

Cecilia Jamasmie | July 22, 2015
Iron ore prices hit by fresh evidence of looming surplus

Seaborne with 62% content delivered to Qingdao dropped 0.7% to $51.76 a ton, its sharpest drop in two weeks.

Visual Capitalist

INFOGRAPHIC: The world economy in one visualization

Visual Capitalist | July 22, 2015

Today’s data visualization is the most simple breakdown of the world economy that we’ve seen.

Is Gold a Stupid "Pet Rock" or a Bedrock Asset?

MoneyMetals.com | July 21, 2015

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 …

Saxony develops new resource technologies for Rare Earth Elements

G.U.B. Ingenieur AG | July 21, 2015

Scientists and engineers develop innovative technologies for enhanced resource efficiency of critical technology metals.

Gold crash isn’t over — prices near five-year lows

Cecilia Jamasmie | July 21, 2015
Gold crash isn’t over — prices near five-year lows

The yellow metal was on the brink of five-year lows on Tuesday, with further losses expected in the coming months.

Cecilia Jamasmie

The US coal industry just had the worst week in years

Cecilia Jamasmie | July 20, 2015
The US coal industry just had the worse week in years

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.

Gold plummets to five-year low overnight

Cecilia Jamasmie | July 20, 2015
Gold plummets to five-year low overnight

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.

Chinese rare earth metals exchange to pay $6.4bn owed to investors

Cecilia Jamasmie | July 20, 2015
Chinese rare earth metals exchange to pay $6.4bn owed to investors

The announcement came after the Fanya Metal Exchange saw hundreds of investors protesting outside the building last week.

Cecilia Jamasmie

Nexen’s oil sands pipeline leak one of Canada’s largest ever

Cecilia Jamasmie | July 17, 2015
Nexen’s oil sands pipeline leak one of Canada’s largest ever

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 just broke silence on gold reserves — first time since 2009

Cecilia Jamasmie | July 17, 2015
China just broke silence on its gold reserves — first time since 2009

China says its gold reserves increased 57%, which makes it the country with the sixth-largest hoard of the precious metal.

Credit deflation and gold

GoldMoney | July 16, 2015
China’s government likely behind country’s gold hoard—report

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.

Shrinking Chinese steel market will drag down iron ore price

Frik Els | July 15, 2015
Soft steel market will drag down iron ore price

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.

Congo’s Gecamines sells copper assets to Chinese for $52 million

Cecilia Jamasmie | July 14, 2015
Congo’s Gecamines sells copper assets to Chinese for $52 million

The deal increases Chinese miners presence in Congo, which is Africa’s top copper producer and the world’s largest producer of cobalt.

Iran, World powers reach ‘historic’ nuclear deal

Cecilia Jamasmie | July 14, 2015
Iran, World powers reach ‘historic’ nuclear deal

The agreement ends decades of economic sanctions against Iran, and includes reductions in centrifuges, international inspections.

China and Russia's evolving relationship

Stratfor | July 12, 2015

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.

Iron ore price builds on gains

Frik Els | July 10, 2015
Iron ore price builds on gains

13% in two days.

The fate of global rare earth miners rests on a China smuggling crackdown

Reuters | July 10, 2015

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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