Iron ore hit by fresh selling as traders fret over China demand

The city has long been a key conduit for bullion entering the Chinese mainland — the world’s biggest consumer market.

Beijing plans to provide at least $137 billion in low-cost financing to the nation’s urban village renovation and affordable housing programs. 

In a budget speech on Wednesday, Ghana's finance minister said the project is expected to be a major contributor to the country's gross domestic product.

The miner reported revenue of $97 million in Q3, marking the company’s first revenue-generating quarter.

Maike Metals was until recently responsible for more than a quarter of China’s copper imports.

“Deals continue to be done, but deals take longer,” a Sydney-based partner at law firm Ashurst LLP said.

Sibanye is currently awaiting a decision on appeals against an environmental permit it received for the Rapasaari mine and concentrator, part of the Keliber lithium project.

The company has only sufficient working capital to around mid-December 2023.

China is in the midst of a breakneck expansion of its copper industry that’s reshaping global flows of the essential metal for the world’s energy transition.