Iron ore price hits fresh 8-month low
Iron ore price weakness continues as Beijing cracks down on polluting steel plants and stockpiles jump again.
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:
Putin lights fire under gold price
Safe haven buying and a weaker dollar boost gold price amid escalating tensions between Russia and the West.
Cornerstone shares catapulted after sensational Ecuador drill
Newfoundland & Labrador-based junior strikes 324m grading 1.07% copper and 1.16 g/t gold, including 50m at 1.80% copper and 2.26 g/t gold at Cascabel project .
Gold price bounces on Yellen’s taper comments
Fed chairwoman says taper of stimulus program "not on preset course" and the bank is "open to reconsider" cutbacks in $65 billion a month stimulus program.
Pilot Gold shares rocket after Nevada drill results
Another set of stellar intercepts at its Kinsley Mountain project brings year to date gains for the Vancouver junior to 88%.
Gold market ‘hasn’t fathomed scale of Chinese buying’
Davis Hall, global head of precious metals at Europe's third largest bank says days of making "easy money shorting gold" is over.
Iron ore price drops again as yuan slides
Steelmaking raw-material close to 8-month low as currency of top ore importer China is pushed down by central bank, boosting domestic producers.
Valemax China logistics ‘settled’ with Malaysia hub, floating stations
Number one iron ore producer, Vale says first of its giant carriers will dock at its new Malaysian transshipment hub next month.
Report: Dubai audit on conflict gold kept under wraps
Human rights group says one of world's largest refiners Kaloti Jewellery Int'l failed to report $5 billion in potentially suspicious transactions.
Investors line up North American rare earth juniors
But producers Molycorp and Lynas haven't joined the rally in the rare earth sector this year.
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.