Industry News

Price recovery sparks domestic Chinese copper, iron ore production boom

07/20/2017 9:08 p.m.

China's dozens of iron ore mining companies produced more in June than any month since October 2015, making the most of higher prices and record-breaking steel output. The country's crude iron... Full Story

Iron ore soars past $70 a tone

07/19/2017 6:55 p.m.

Iron ore continued this week’s sharp rally and is now back above $70 a tonne, a level not seen since April 11. Ore with 62% content in Qingdao climbed 2% to $70.24 a tonne, according t... Full Story

New industrial wave will boost economy

07/19/2017 2:23 a.m.

The nation's next wave of growth will be fueled by new industries such as biotechnology, clean energy and advanced manufacturing, according to a government think thank. The transformation is expected ... Full Story

Beijing eases oversight of some investments overseas

07/19/2017 1:55 a.m.

China will relax its supervision of outbound investment projects, with attention focusing only on investment in several key industries after tightened measures were implemented last year. "Regulatory... Full Story

Rio’s revised iron ore guidance pushes price to three-month high

07/18/2017 10:26 p.m.

Prices for iron ore skyrocketed Tuesday as Rio Tinto (ASX:LON:RIO), the world’s second largest exporter, warned Tuesday that shipments from Australia were expected at about 330 million tonnes in 2017. ... Full Story

Exclusive: China eyes merger of metals giants Minmetals and China National Gold – sources

07/18/2017 4:34 p.m.

China is considering a merger between China Minmetals Corp, one of the country's largest miners and metals traders, and China National Gold Group, as Beijing pushes consolidation of its state-run fir... Full Story

Copper price jumps on gangbusters China growth

07/18/2017 2:07 a.m.

Copper futures trading on the Comex market in New York jumped on Monday on renewed optimism about economic strength in top commodity consumer China. Copper for delivery in September jumped to a high of 2.... Full Story

Zinc, lead prices gain on deeper deficits

07/18/2017 1:42 a.m.

The price of zinc continued its good run on Monday, rising to $2,825 a tonne after a report showed the market moving deeper into deficit. Zinc has advanced 10% year to date, building on a 60% rally in 20... Full Story

Botswana Diamonds soars on lucky find at South Africa’s Ontevreden

07/17/2017 12:17 a.m.

Shares in London-listed Botswana Diamonds (LON:BOD) climbed as much as 24% after it announced that prospecting work at the Ontevreden licence, in South Africa, had identified a group 2 kimberlite pipe. ... Full Story

Hedge Funds Are Losing Faith in Precious Metals

07/16/2017 11:07 p.m.

Gold is out of favor with money managers and it’s not the only precious metal facing investor exodus. Hedge funds and other large speculators are hitting the exit as they brace for monetary tighteni... Full Story

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