January 17, 2012

Commodities face twin macro risks in Europe, China, Morgan Stanley says

Commodity markets face the “twin macro risks” of a European recession and a hard landing in China this year, according to Morgan Stanley.

January 16, 2012

Iron ore expected to fall in 2012 but majors keep cranking it out

The market for iron ore is likely to soften this year but industry leaders Rio Tinto and BHP Billiton are not pulling in production, betting that the slowdown in steelmaking…

January 16, 2012

China launches first physical iron ore trading platform

The country hopes the new platform will help strengthen its pricing power and wrest control from Vale, BHP Billiton and Rio Tinto, which between them control three quarters of global…

January 15, 2012

Vale’s 350,000 Ton Cargo of Iron Ore to Be Auctioned to the Highest Bidder

Brazilian iron ore producer Vale SA (VALE) will likely wait until the end of the Lunar New Year to sell a massive cargo of iron ore that was delivered into…

January 15, 2012

‘Factors affecting Indian Chinese jewelry demand in 2012’

China's growing romance with gold will continue and may reshape the jewelry climate in Asia, as Chinese demand challenges India for the top consumer spot. In other parts of the…

January 14, 2012

China gold hoarding turns traders bullish

Gold traders are the most bullish in two months after mainland China imported the most metal ever from Hong Kong and investors bought US bullion coins at the fastest pace…

January 14, 2012

China’s largest steel company 2011 profits dive 43%

Baoshan Iron & Steel Co Ltd, China's biggest listed steelmaker, said on Saturday its 2011 net profit fell 43.4 percent to 7.3 billion yuan ($1.2 billion).

January 13, 2012

Record China gold imports has traders bullish

Bloomberg reported that gold traders are turning bullish on the fast pace of gold buying by China and the US.

January 13, 2012

Caterpillar makes further inroads into Chinese longwall coal

Caterpillar is building on its Bucyrus acquisition with the recent signing of another contract to deliver an automated longwall coal plow system to Chinese company Gasification Co part of Lvliang…

January 12, 2012

Huge diamond mine found in China

A large diamond mine with a reserve of one million carats has been found in China's Liaoning province.