October 10, 2012

Alcoa’s results lead markets down

US and Canadian markets dipped on Wednesday as earnings season began with Alcoa (NYSE:AA), the world's leading producer of aluminum, forecasting slower demand for the metal.

October 10, 2012

Stronger yuan will cheapen commodities for China: Leeb

Renowned investment guru Stephen Leeb says China is pushing for a stronger yuan in order to cut the cost of its commodities purchases.

October 10, 2012

Chinese copper consumption to drop for the first time in four years

China's copper consumption levels are set to fall for the first time since 2008 on the country's easing growth and the resulting tepid demand for commodities.

October 9, 2012

Rio to cut jobs on concerns over China slowdown

Rio Tinto (ASX:RIO) has announced further retrenchments and cost cutting measures due to concerns that the slowdown in China's economic growth will be more pronounced than expected.

October 9, 2012

Diamond supply crunch on its way — analysts

Global production of diamonds reached 124 million carats last year and, according Bain & Company consultants, 13 new mines should be adding 23 million carats by the end of 2012.…

October 8, 2012

Illegal Chinese gold mining triggers conflict in Ghana

Illegal gold mining by Chinese nationals using heavy machinery has fueled resentment and hostility amongst local communities in Ghana.

October 8, 2012

Making up for lost time, Chinese traders send iron ore soaring 6%

On Monday upbeat Chinese traders came back from a week-long break and chased the price of the commodity to $110.40.

October 8, 2012

China plans to usurp global leadership with the backing of gold: Russell

Veteran finance expert Richard Russell claims China has plans to obtain leadership of the global economy by fortifying its official currency with precious metal backing.

October 8, 2012

China to convert coal into gas for urban energy needs

China has unveiled ambitious plans for the conversion of coal extracted in remote mining regions into gas for usage in urban areas.

October 7, 2012

Gold set to bounce back on Spanish bailout and Chinese traders back from vacation

Despite an abrupt decline in the wake of an upbeat US employment report, gold is likely to regain losses on several factors which should strongly favor the precious metal.