Trader buys $36m of copper and gets painted rocks instead

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.

Gold and oil benefited from the collapse, while base metals and most diversified miners suffered from it.

The study ballparked at $10 million is expected to take less than a year, and could revive interest in the much-maligned chromite deposit.

Includes a a gold streaming transaction relating to the Twangiza mine.

The decision, part of a series tough measures, seeks to cut both oversupply and a worsening pollution crisis in the country.

The global outlook for uranium looks bright, with Asia's burgeoning nuclear energy industry fuelling demand for the radioactive metal.

Official figures contradict recent local reports showing that most copper miners in the country are barely breaking even at current metal prices.

Despise missing expectations for the year, uranium was one of the very few commodities to experience gains this year.