Iron price rout on coronavirus deepens
Post lunar new year trading in iron ore resumes as coronavirus cases surpass 2002 SARS outbreak.
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:
Gold price: India suffers demand shock
Indian gold supply for domestic consumption fell 62% in second half of 2019, Refinitiv reports.
Gold price closes in on 7-year high
Gold backed ETF holding close to record levels as investors seek out safe haven assets.
Copper price losing streak now in double digits
Eight straight down days drops copper 10.2% to more than 3-month low as China struggles to contain coronavirus outbreak.
Copper price rout continues as China virus spreads
Copper price down more than 7% since last week as China locks down 40m people as anger grows over coronavirus outbreak.
50-year chart shows how cheap gold price still is relative to stocks
Gold vs the S&P 500 since end of gold standard indicates price well beyond $2,000 to return to the historical norm. That, or stocks are in for beating.
BHP sees little impact from Chile unrest
BHP hits record throughput at 1.2mt Escondida mine, expects full year stoppages related to political upheaval in the country would only cost 7,000 tonnes.
Fresh high for iron ore price as Chinese steel breaks records
Crude steel output was just shy of 1 billion tonnes in 2019, up 8.3%.
Rio’s Kennecott copper problems to last a year
Rio Tinto copper production slumps 9% with lower grades at Utah mine set to persist until end-2020.
Battery nickel price regains premium over metal
Nickel sulphate is back to trading at a premium to the metal in China and should stay there on expected BHP Nickel West delays, says new report.
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.