Iron ore testing $110 support as Chinese steel contracts drop to record low
Iron ore has only enjoyed three up days over the last six weeks of trading.
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:
Heard the rumour China is buying 6,000 tonnes of gold? It may not be as crazy as it sounds
“There’s a significant discrepancy between domestic gold demand in China and the level of Chinese gold imports and production."
Oyu Tolgoi start-up, costs under threat from Mongolia–China stand-off
Rio Tinto would have to build its own power plant and delay commercial production if the two nations cannot come to a deal during long-running power negotiations.
PotashCorp shuts mine and Vale delays major project as potash prices decline
The downturn in potash prices claimed more victims this week.
Latest on South Africa mine clashes: 44 dead, 78 injured, 259 arrested
A standoff between hundreds of strikers wielding pangas and sticks at London-listed Lonmin's Marikana mine ended when police began firing on a surging crowds leaving many dead.
And you thought Molycorp had it tough: Some Chinese REE miners report 90% drop in earnings
Downstream companies are playing a wait and see game, hoping to capitalize if rare earth prices decline further.
Egypt to issue tenders for foreign gold explorers
The Egyptian Mineral Resources Authority plans to issue international tenders in September to explore for gold in seven areas in Egypt's Eastern Desert and Marsa Alam regions in the south where it has identified deposits.
Investors cheer Barrick’s plans to sell African Barrick to China
Barrick Gold was trading up 3.8% in heavy volumes in Toronto and African Barrick Gold shot up 8% after Barrick confirmed that it is in early talks with China National Gold Group regarding its 74% holding in ABG.
China’s ‘golden years’ over says Vale
"We are not going to see the spectacular growth rates of 10, 12 percent per year."
For the mining exec who has everything: A copper keyboard
The latest copper product destined for the world's hospitals, or the boardrooms of mining companies looking for something a little bit different on the corporate gift register this Christmas.
Value of EV battery nickel second highest on record, cobalt at 30-month high
Low LFP-penetration markets, Europe is off to the races in 2025 and US buyers pull forward purchases before subsidies end.
