In Asia, trading was halted after prices sank 7.3%, which is the maximum a day allowed by Chinese regulators.
China Mining News
Congress decision puts and end to a 10-month tenure during which Regina Lopez ordered the closure of more than half the country's mines and banned open-pit mining.
The end of the Labour Day holiday in China saw fresh demand for iron ore and steel, with both commodities rising in tandem today.
Government officials’ comments add bitterness to the already resentful locals, following wave of negative coverage of Chinese mining practices in the Ghanian media.
Prohibition only affects planned mines, not the ones currently in operations, but it will take effect immediately.
Net income totalled $2.5 billion, compared with profit of $525 million in the prior three months and almost $1.8 billion a year earlier.
New World Bank outlook for commodities predict 32% price jump for zinc and 18% for copper and lead, but outlook for nickel price in 2017 is murky.
The European country holds between 1.2 to 1.4 million tonnes of lithium, located mostly around the tiny village of Cinovec, on the border with Germany.
The miner said decision was unrelated to Elliott Management's call earlier this month to unlock shareholder value by spinning off about $22 billion of BHP's US oil assets.
BMI Research expects prices to continue sliding for at least the next five years on rising supplies from Australia and Brazil and expectations for a surplus.
Production for the first three months of the year slumped 37% compared with the same period of 2016.
Production of the steelmaking raw material jumped 11% to 86.2 million tonnes in the January-March period, compared to the same quarter a year earlier.
Another 5% iron ore price drop Tuesday slashes $30 billion from top 5 producers' market value in one month.
Burning coal, oil, and natural gas is responsible for two-thirds of humanity’s emissions of greenhouse gases, and yet provides more than 20% of GDP in two dozen nations.
The Indonesian unit is now in the process of obtaining a full export permit.
Western Potash said it’s moving ahead with its Milestone project, expected to produce 146,000 tonnes of potash annually over 12 years of planned operations.
Another gap down Monday brings one-month drop to 30%.
The company is also said to be mulling a number of investment projects involving a Chinese chemical company.
The unit is expected to help speed up the approval of legislation that allows the exploration and exploitation of the country’s vast lithium deposits.
But market was in small deficit according to study.
Up another 5% on Thursday – stones throw away from all-time high.
With the Foreign Investment Review Board’s approval, Rio Tinto is a step closer to fully exit thermal coal.
Worries about Chinese economy and rising tension surrounding North Korea brings fear trade to mining and industrial metals.
The commodity is now trading below $70 a tonne and has just suffered its largest one-day percentage decline in over a year.
New report says despite a slowdown in China, falling mine production will push lead prices higher over the next five years.