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.
China Mining News
Strike at Escondida hurt Rio Tinto copper output
Production for the first three months of the year slumped 37% compared with the same period of 2016.
Vale’s iron ore output just hit another record
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.
Iron ore price collapse wipes billions off top mining stocks
Another 5% iron ore price drop Tuesday slashes $30 billion from top 5 producers' market value in one month.
Climate change and risks to fossil fuel industry: sustainability train has left the station
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.
Freeport, Indonesia work out initial Grasberg exports deal
The Indonesian unit is now in the process of obtaining a full export permit.
Another potash mine coming soon to Canada’s Saskatchewan
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.
Potash producer Belaruskali to make new kind of fertilizer — report
The company is also said to be mulling a number of investment projects involving a Chinese chemical company.
Chile’s Codelco sets up lithium subsidiary
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.
Copper production jumped by a million tonnes last year
But market was in small deficit according to study.
Coking coal price jumps to six-year high
Up another 5% on Thursday – stones throw away from all-time high.
Australia greenlights Rio Tinto’s $2.45bn sale of coal mines to Yancoal
With the Foreign Investment Review Board’s approval, Rio Tinto is a step closer to fully exit thermal coal.
Iron ore, copper price plunge brings carnage to mining stocks
Worries about Chinese economy and rising tension surrounding North Korea brings fear trade to mining and industrial metals.
Iron ore market keeps getting uglier — prices at lowest since November
The commodity is now trading below $70 a tonne and has just suffered its largest one-day percentage decline in over a year.
Lead price boost as deficits set to widen
New report says despite a slowdown in China, falling mine production will push lead prices higher over the next five years.
The 20 largest stock exchanges in the world
With 2,400 listed companies and a market cap of $20 trillion, the NYSE is the biggest exchange in the world. But how do other exchanges compare?
Coking coal price soars past $300
Coking coal price has doubled in two weeks – storm damage to rail lines could affect Australian exports for another four weeks.
Iron ore prices keep falling despite a decrease in China’s inventories
After a 85% rise in 2016, iron ore prices are now down 3.2% so far this year, which has placed the commodity in a bear market.
Yancoal poised to become one of Australia’s top three coal producers
By the end of 2017, Yancoal Australia may become one of the top three coal producers in this country.
Coking coal price close to $300 a tonne on Australian disruptions
Coking coal prices gained 86% to $283.10 a tonne this week, the biggest gain in four years.
Iron ore miners shares drop as prices collapse
Ore with 62% content in Qingdao fell almost 7% overnight, entering a bear market and erasing all of this year’s gains.
INFOGRAPHIC: Animation – The world's population in 2100 by region
The following animated chart is based on data and projections from the U.N. Population Division, and it shows the evolving population share by region between 1950 and 2100.
Cyclone damage causes BHP to declare force majeure in Australia
The miner said it won't meet its coal export commitments due to the damage caused by cyclone Debbie, which struck Australia’s north-east coast last week.
Iron ore drops below $80 a tonne again
So far this year, the commodity has risen just 0.6%, quite far from the over 20% gains seen just over a month ago.
