China’s August zinc output at highest since December 2017 — stats bureau

The miner blamed low metals prices and productivity inefficiencies for the decision.

While the miner produced a record amount of iron ore, turmoil in currency and commodity markets overshadowed any production gains.

Analysts say only a business-friendly appointment followed by credible action to strengthen the fiscal accounts and control inflation would reassure markets.

The affected company is Planetary Resources, the U.S.-based start-up aiming to mine asteroids.

China imposes strict pollution controls ahead of Beijing APEC summit forcing steel mills to cut output.

The country's ultimate purpose is to extract rare earth elements, breaking China's dominance and pushing prices down.

Once again Cutifani delivers — freight from Minas-Rio leaves for China by year-end and within the latest estimated budget.

The world’s biggest miner unveiled details about how it expects to meet cost-reduction and productivity improvement targets.

The miner beat estimates after logging a 16% jump in Q3 nickel production, taking total output of the metal this year to 201,400 metric tons.