Iron ore price indicators all point up, but there’s an (Indian) elephant in the room
Demand in China is surging, but India is desperate for foreign currency and could start dumping ore on the spot market.
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:
Traders don’t see Syria doing much for gold price
Despite the worries over war in Syria and Friday's disappointing US jobs report, precious metals traders are evenly split on gold's direction next week.
From Cherry Point to China: ‘Bizarre’ mission creep of Washington state coal terminal review
State review of proposed coal terminal will take into account carbon-dioxide impact when coal shipped from Washington is burned in other nations.
Simandou probe now involves 6 countries
The rights to one of the world's richest iron ore deposits is the subject of an unprecedented global corruption investigation.
7 reasons the gold price may not see $1,400 again
Only bargain hunters seem to be interested in buying gold at the moment.
Singapore launching swaps as met coal price reaches 3-month high
Premium Australian coking coal hits $147.40 Tuesday, up 10% over the past month.
Copper price jumps again as global manufacturing gathers pace
Robust numbers from China. and UK output strongest in two decades are followed Tuesday by laggards Italy and Spain joining the recovery and signs of demand outstripping supply emerging in US.
Gold price vaults past $1,400
Goldman Sachs raises second half gold price forecast on inflation, Syria fears.
New Dawn shuts down Zimbabwe gold mine
The Dalny mine has been in distress for some time.
Paladin sell-off stemmed
Uranium miner enjoys rare up day after dismal results contained no new shocks.
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.
