Iron ore price surges
Strong Chinese iron ore imports spark 5.6% jump in the price and puts iron ore firmly back in a bull market.
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Freeport-McMoRan sells 13 pct stake in Morenci Mine to Sumitomo for $1 billion
Morenci is an open-pit, copper mine located in Arizona. In 2015, FCX’s 85 percent share of Morenci revenues totaled $2.2 billion and production and delivery costs totaled $1.5 billion.
Lack of Asian buyers may keep a lid on gold price
The surge in the gold price last week has not resulted in increased buying of the precious metal by the world's two biggest gold clients: China and India.
