Copper, iron ore prices surge on signs of quick global recovery

Today's animation shows how the world's most populous countries will change over the coming years.

Figures include 520,695 ounces of gold from the Kumtor mine, in the Kyrgyz Republic, and 16,226 ounces of gold from the Boroo mine, in Mongolia.

They are all located in just three countries: Norway, Russia and Canada.

Delhi is hoping the measure will reduce the nation’s reliance on coal imports.

Major commodity-producing countries are set to remain under intense finance strain in 2016, which will increase the risk of social unrest, says Verisk Maplecroft.

Prices fell Thursday for a second consecutive session. According to Metal Bulletin, the spot price for benchmark 62% fines dropped by 0.46%, or 20 cents, to $42.91 a tonne.

The massive gem, named the “The Star of Adam”, could sell for up to $175 million.

The country, the biggest supplier of bauxite to China, said the ban takes takes effect from Jan. 15.

David Talbot of Dundee Capital Markets forecasts uranium demand growth of about 6% compounded annually through 2020, which ought to be more than enough to kickstart depressed U3O8 prices.