Iron ore price plummets amid Chinese speculative mania
China clamps down, but Beijing's record on market intervention is not good and speculative bubbles tend to blow up spectacularly inside the country.
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
Iron ore price: Only question now is how rapid the fall
Beijing clampdown on Chinese commodity markets where six out of ten of the world's most active derivates are now traded doesn't bode well for iron ore price.
Forget the Saudis, Texas will win the oil price war
Senate told price needed to start pumping from 6,500 drilled but uncompleted wells in US "much lower than global competitors believe or would like it to be"
Hedge funds aren’t wavering on gold price rally
After raising bullish bets again last week, hedge funds have now gone long gold by a whopping 682 tonnes, but some see huge liquidation ahead.
CAT chairman pours cold water on mining rally
"It is not clear at this time that the current prices are either sustainable or sufficient".
X2 said to miss out on Anglo’s Brazilian mines
Mick Davis's private equity firm not on shortlist featuring Vale, Mosaic and Eurochem for $1.5 billion phosphate and niobium operations in South America.
Miners spending again: $50 billion capex in five months
Confidence returns to mining sector as announced capital outlays surge to $108 billion – greenfield project spending up three-fold in first quarter.
CAT sales latest sign of mining improvement
World's number one heavy equipment manufacturer arrests sales decline in March.
Uranium market is getting crushed
Uranium price falls to lowest since May 2005 as bearishness overwhelms the sector.
As prices surge, Vale joins iron ore production guidance cuts
Vale says 2016 output will come in at the lower end of expectations, potentially pushing the Brazilian giant to number two in global iron ore rankings.
Top 50 mining companies power through Iran war – up $250 billion in 2026
The world’s 50 biggest mining stocks shrug off global turmoil, hitting a combined $2.4 trillion value in Q1, but the tide did not lift all boats.