The U.S. oil and gas industry slammed Trump’s plan to impose tariffs on imported steel, saying the move would kill energy jobs by raising costs for big infrastructure projects.
China Mining News
China has indicated it could retaliate against US steel tariffs by targeting imports of US agricultural commodities.
Majority owner Turquoise Hill Resources Ltd said that it expected to make up any sales-related effect over the next few quarters.
Slowdown in Chinese manufacturing blamed on impact of Beijing's pollution clampdown, cooling construction sector.
Prices for lithium have more than doubled in the past two years on forecasts for massive demand from the electric vehicle industry.
China's war on smog benefitting exporters of high-quality ore as domestic steelmaking output cuts are extended.
CHART: Baltic Dry Index has plummeted 32% since December, opening up huge gap to closely correlated industrial metal prices.
Copper stocks held in warehouses registered with COMEX in the United States stand at 228,428 tonnes, up from below 90,000 tonnes at the start of 2017.
That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year.
Russia has overtaken China as the fifth-biggest sovereign holder of gold.
China Hanking, already owns 8.4 percent of Primary Gold, a company with interests in the Coolgardie gold project in Western Australia and the Mt Bundy gold project in the Northern Territory.
The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.
Company said rising potash and phosphate prices boosted net sales.
Base metals should continue to do well in 2018 along with the US steel industry, though American coal will continue to lose ground to natural gas.
Some U.S. lawmakers and steel and aluminum users have urged caution in any restrictions to avoid disruptions or price spikes in the raw materials.
Output of the steelmaking material reached 366.5 million tonnes last year, boosted by record high productionat Vale's northern system, which composed of its Carajás, Serra Leste and the massive S11D mine.
As part of Gemfields' philosophy of “total transparency”, the company revealed is facing claims of human rights abuses in Mozambique, where it mines rubies.
Coal mines that fail to meet safety measures or operational standards will be ordered to close and rectify violations, the State Administration of Work Safety said.
Spot gold has declined about 1 percent so far this week and was headed for a second straight weekly drop due to a recovery in the dollar.
Chinese traders chase copper concentrate and iron ore cargoes lifting January import volumes 25% and 19% over already record-breaking 2017.
Company's shares fell as much as 5.5% on the news that the Indian Supreme Court had cancelled all the 88 existing iron ore mining licences in the Indian coastal state of Goa.
The country's sovereign wealth fund is considering joining the bidding for Rio Tinto's last remaining coal mines.
"Keep an eye on what we call China’s old economy – the property market, the infrastructure segment. That’s where we expect a slowdown sometime this year.”
The nation’s demand for gold jewelry climbed 10 pct last year to almost 700 metric tons as wealthy increased purchases and consumption improved.
Mining giant posts 90% increase in profit amid what CEO Jean-Sébastien Jacques calls “resilient” commodity prices.