Copper, iron ore prices gap down again amid credit crackdown
Beijing is curbing the use of industrial metals and iron ore as collateral in short-term financing creating a vicious circle as deals are rapidly unwound.
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Padbury Mining walks away from $6.5bn Oakajee iron ore port and rail project
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Barrick’s profit dives 90% in Q1, cuts full year copper output outlook
Adjusted net earnings totalled $238 million or $0.20 per share, a dramatic drop from the $923 million or $0.92 per share logged last year.
Fears of Beijing metal-financing crackdown halt copper price rally
Using commodities as loan collateral is practice in China, but Beijing is set to introduce new rules limiting this component of the shadow banking system.
New York futures exchange mulls limits on gold, silver price moves
Unusually big moves and fears of price "slippage" have turned some investors away says CME Group, operator of Comex in New York.
