Iron ore price down on growing fears of weak demand in China
Chinese steel mills scale back output while nursing losses from high inventories and sluggish steel orders.
Latest Stories
Chad creditors to meet this week, IMF’s Georgieva calls on Glencore to ‘step forward’
Chad owes one third of its external debt burden to commercial creditors, and almost all of that to Glencore.
Royal Gold acquires Great Bear Royalties for $153 million
The acquisition price represents a 43% premium over GBR’s 20-day volume weighted average trading price on the TSX Venture Exchange.
Congo plans border post expansion as mining trucks endure up to 60 km queues
Miners with operations in Congo say they have been calling on the government to invest in infrastructure.
Copper price hits a 20-month low on recession fears
Money manager positioning on the CME copper contract is as bearish as it has been since Q1 2020, according to Reuters columnist Andy Home.
Cornish Metals kicks off new drill campaign at South Crofty
It will drill a minimum of 8,000 metres as part of an ongoing feasibility study at the tin-copper project in Cornwall, southwest England.
Column: Hedge funds up the bear ante on Doctor Copper and friends
Money manager positioning on the CME copper contract is as bearish as it has been since the first quarter of 2020 when industrial metals prices collapsed as China, writes Andy Home.
Chile currency plunge, inflation rattle Latin America’s copper king
The Chilean peso has plummeted more than 15% over the last month.
Column: China’s massive stimulus talk does little for metals as confidence fades
Demand outlook is still far from rosy, writes Clyde Russell.
