Coal price surges to record as global scramble for energy accelerates

Nickel has finally succumbed to the base metals price rout.

Rising U.S - China trade tensions threaten to curb consumer purchasing power, crimp productivity growth and limit global economic expansion.

The Canadian miner may slash 400 jobs and involve Chinese partners in its troubled Tanzania operations.

Nickel, which recently hit its lowest since December, could climb as high as $16,000 a tonne by the end of 2018 and $18,000 a year later.

What has historically been a highly efficient part of the aluminium production chain is experiencing an unprecedented degree of turmoil this year.

Iron ore shipments to China from the world's biggest iron ore port totalled 35.5 million tonnes in August, up from July's 32.4 million tonnes.

Aluminum prices jumped in April after the U.S. announced sanctions on Rusal, the top supplier outside of China.

Foreign purchases fell just 1.1 percent in August to the equivalent of 925,161 metric tons a day, compared with 935,806 the previous month.

The court is scheduled to hear the details of the settlement agreement on Sept. 13, and is slated to make a decision on the case by Oct. 4, the FNE said in a statement.