Dire Chinese steel outlook drops iron ore price to 7-year low
Down 1.4% Wednesday to lowest since 2007 on Chinese forecast of peak steel production and contraction.
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:
Glencore in huge Russian oil deal
Debt for equity swap deal for 49% of top ten Russian oil producer could be worth as much as $3 billion.
CHART: Almighty dollar is pushing gold price near 5-year low
With negative correlation back in place, fresh surge in US dollar drops gold close to $1,150-mark for only the third time since April 2010.
Goldcorp disappearances raise Mexican mining safety fears
The probable kidnapping of 4 workers at Goldcorp's Los Filos mine is just the latest in a string of mine incidents in Guerrero, Mexico's most violent state.
Hedge funds cut bullish commodity bets to 6-year low
Bullish bets on gold price cut for the fifth week in a row ahead of Friday's wipeout and silver longs slashed nearly 30% in a week.
Rick Rule: Gold price ‘could easily see $1,000’
Gold's 2015 rally evaporated on Friday and gold guru Rick Rule can see downside from here, but also the approach of a bottom in the market.
Iron ore spot price drops to record low
The iron ore price suffered another steep decline on Friday, falling to the lowest since November 2008 when the SteelIndex benchmark was first introduced.
Iron ore price crashes through $60
Down 4.5% in reaction to Beijing's crackdown on steelmakers and gloomy economic outlook.
Fission Uranium’s Randhawa ‘smells a flip’
Latest find turns Athabasca deposit into a "two headed monster" says Fission CEO, who's gathering banks, miners and private equity for "an auction".
Agnico Eagle reaches another Arctic milestone
Nunavut issues project certificate for miner's 3.3m ounces Meliadine project, the second for the Toronto-based company in Canada's far north.
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.