Base metals demand expected to benefit from green revolution – report

Sources with knowledge of the matter told Reuters on Tuesday that China was considering a merger between the two major metals and mining firms as Beijing pushed to consolidate its bloated state-run enterprises to help increase efficiency and competitiveness.

The indefinite labour action involves 56 unions, which are protesting a government’s proposed reform they see as "anti-workers".

Prices have climbed almost 7% since Monday and almost 32% since the recent low of $53.36 a tonne hit on June 13.

From the recent low of $53.36 a tonne hit on June 13, iron ore prices have now surged more than 27%.

Big winners will be aluminum, copper, lead, lithium, manganese, nickel, silver, steel, and zinc and rare earth minerals such as indium, molybdenum, and neodymium.

Chinese economy on track for first annual growth acceleration since 2010 as industrial output surges by 7.6%.

China, with its massive aluminum sector and equally massive exports, stands accused, but the real smelter killers were much closer to home.

Met coal hits 2-month high Friday as Chinese imports of steelmaking coal from totalitarian state drops 75% during first half of the year.

Ore with 62% content in Qingdao added $1.86 overnight to close at $65.91, the highest since May 3 and 20% more than those year lows hit mid-June