China scare drops mining stocks
Factory conditions in China unexpectedly worsen for the 14th straight month raising fears that the rally on commodity markets in 2016 was losing steam.
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:
Friday frenzy for Freeport
After leaping 11% on Friday with 74m shares traded, copper giant is now worth $17.5 billion – up 274% from January lows.
More iron ore price madness as China’s mom-and-pops pile in
As iron ore rallies again – up 6% on Friday – report shows just how bonkers Chinese speculation in ore futures are compared to anything on Wall Street.
Chile’s cheerless outlook for copper price
Top global producer sees surplus this year and next as mines pump out more metal and predicts decline in copper price from today's levels through 2017.
This chart shows actual China GDP growth highest since 2014
Few trust official Chinese growth numbers, but new research shows activity across a wide section of the economy accelerated sharply in the first quarter.
Big boost for world’s top diamond miner
Moody's upgrades Alrosa credit, praising Russian firm's low-cost reserve base, technical mining expertise, solid liquidity and conservative financial policy.
Roxgold’s Burkina mine just got a whole lot richer
Shares in Toronto junior up sharply after adding 220,000oz to ultra high-grade Yaramoko project in West Africa expected to pour first gold in June.
Silver price jumps to near one-year high
The closely-followed gold-silver ratio points to $20-plus and fundamentals of dwindling mine supply and growing industrial demand underpin rosy outlook.
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.
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.
Mining’s next boom is off the map: Arctic ice, abyssal plains and asteroids
Depletion, lower ore grades and higher prices pushing miners to new frontiers. The Arctic is already drawing capital, deep-sea mining is moving into a regulatory fight, and space remains the long-dated option.