Iron ore price up as China steel futures hit new highs

During Q3, the daily spot price averaged almost $133 per tonne, 44% higher than the quarterly benchmark agreed in late June.

The world’s biggest coal producer expects to reach targets for cutting unneeded capacity by the end of 2016, which is earlier than planned.

We would tend to disagree, taking silver’s more valuable sibling as a guide.

CMOC bought Fosfatos Brasil Limitada and Nióbio Brasil Limitada for US$1.7 billion.

The commodity research teams at Macquarie and Barclays, however, are not as optimistic when it comes to potash, aluminum and steel.

The country is poised to becoming the world’s third largest producer of the commodity, as the massive Husab mine begins production in October.

The country’s state planner said it would also set up a no-coal zone in cities around Beijing in 2017 to try reducing the capital's hazardous smog levels.

The outcome of negotiations in Algeria this week may not do much to rescue oil prices.

Prices above $200 a tonne are suddenly making companies that mine the steel-making commodity more unattractive.