Copper producers in China are taking drastic measures to arrest the plummeting price.
The Chinese yuan is gathering prestige in the eyes of the International Monetary Fund, a move that could set off alarm bells in Washington.
Base metals rally across the board on hopes of Chinese government intervention in physical and futures markets and long overdue domestic output cuts.
New study says in a post-China boom world geological shortage becomes a stronger driver of prices than demand – and even coal will need new mines.
The miner is likely to cut its iron ore output target for the year from 376 million tonnes to 355 mt, says independent investment bank BTG Pactual.
Study shows copper price fall matches previous down-cycles going back to 1975, but expect a long painful slog before a sustained recovery.
Chorus predicting iron ore in the $30s before the end of the year grow louder as Chinese buying dries up.
The ongoing slump in copper prices spells trouble for Chile's mining industry, where most medium-sized producers are already unable to make a profit.
Death toll has climbed to over 100, and there are at least another 100 still missing.
"Prices must overshoot relative to marginal production costs in order to trigger mine closures on a sufficient scale."
The EIA says China and India are to blame, as imports from both nations — which from 2008 to 2013 accounted for 98% of the increase in world coal trade —are on their way down.
The deaths of the alleged "terrorists" took place over a 56-day operation by security forces, the Chinese government said.
The Baltic Dry Index which tracks bulk shipping rates on more than 50 routes around the world drops to lowest since 1985.
The biggest drops were in the construction sector in Latin America (-41%) and in the resources industry in Asia (-37%).
“The floor of this market is in the hands of the top five mining companies."
The industrial metal, often viewed as a barometer of global economic growth, fell to its lowest level since 2009.
Electra Stone (ELT.V), covered in today's Company Snapshot, is the first public company aiming to take this BC jade and market it directly to China.
Sales of excavators expected in China for entire 2015 is fewer than the total in March 2011 alone.
Use of coal for power generation peaked about two years ago, a new report suggests.
The beleaguered rare earths producer has announced a plan to restructure that may include the sale of its Mountain Pass mine in California.
Hong Kong billionaire Joseph Lau bought the world's most expensive diamonds for his 7-year-old daughter, in less than 24 hours.
While Indian consumer demand jumped 13% to 268 tons, the World Gold Council warns the outlook for the fourth quarter is “muted.”
If all of this year's approved coal plants get built, they will have a total capacity of 123 gigawatts, equivalent to building 61 Hoover Dams.
The Argyle Pink Diamonds Tender, known as the ‘Connoisseurs Collection” weighing a total of 44.14 carats and including four Fancy Red diamonds, was internationally popular with winners from 11 countries.
The gloomy outlook comes as the International Energy Agency predicts crude oil won't reach $80 a barrel until at least the end of the decade.
Bitcoin has been surging in value since mid October and gained more than 20% yesterday alone.
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