Iron ore price drops below $60
Down 9% since Monday as Chinese speculators pull out and Rio Tinto CEO warns of oversupply.
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
BHP, Vale disaster turned into mining’s Deepwater Horizon
Shares in mining giants tumble after civil suit in Brazil claims $43 billion in damages based on clean-up costs associated with BP's oil spill in the Gulf.
Diamonds add sparkle to Anglo’s improving outlook
Moody's praises higher than expected valuation for the sale of the niobium, phosphate businesses and improving prospects for the global diamond market.
BHP, Vale hit with $44 billion lawsuit over deadly spill
Civil suit demands over $2 billion upfront and also targets Brazil's federal, state governments over deadly dam burst at jointly-owned Samarco iron ore mine.
China scare drops mining stocks
Factory conditions in China unexpectedly worsen for the 14th straight month raising fears that the rally on commodity markets in 2016 was losing steam.
Friday frenzy for Freeport
After leaping 11% on Friday with 74m shares traded, copper giant is now worth $17.5 billion – up 274% from January lows.
More iron ore price madness as China’s mom-and-pops pile in
As iron ore rallies again – up 6% on Friday – report shows just how bonkers Chinese speculation in ore futures are compared to anything on Wall Street.
Chile’s cheerless outlook for copper price
Top global producer sees surplus this year and next as mines pump out more metal and predicts decline in copper price from today's levels through 2017.
This chart shows actual China GDP growth highest since 2014
Few trust official Chinese growth numbers, but new research shows activity across a wide section of the economy accelerated sharply in the first quarter.
Big boost for world’s top diamond miner
Moody's upgrades Alrosa credit, praising Russian firm's low-cost reserve base, technical mining expertise, solid liquidity and conservative financial policy.
CHART: Friday massacre for mining stocks but copper price pulls out of nosedive
Historic down day for gold and silver prices caused double digit losses for precious metals stocks but copper miners came off relatively lightly.
