Iron ore, copper price plunge brings carnage to mining stocks
Worries about Chinese economy and rising tension surrounding North Korea brings fear trade to mining and industrial metals.
Worries about Chinese economy and rising tension surrounding North Korea brings fear trade to mining and industrial metals.
The commodity is now trading below $70 a tonne and has just suffered its largest one-day percentage decline in over a year.
In addition to raising costs for miners and delaying certain projects, the focus on the amount of water used by the extraction industry in the region will boost social pressure and anti-mining sentiment, experts say.
Transaction will see the Tokyo-based trader acquiring up to 100% of the output coming from Bacanora's Sonora lithium project in Mexico.
2016 highlights: a year of breakthroughs and setbacks
Ore with 62% content in Qingdao fell almost 7% overnight, entering a bear market and erasing all of this year’s gains.
The value of money is not static. In the short term, it may ebb and flow against other currencies on the market. In the long-term, a currency tends to lose buying power over time through inflation, and as more currency units are created.
At 24 years of age, Matt Geiger is one of the brightest and youngest minds in the resource space.
James Rickards predicts the Fed will continue to raise rates and stall the economy.
So far this year, the commodity has risen just 0.6%, quite far from the over 20% gains seen just over a month ago.