Dalian iron ore falls on supply growth expectation

News from unnamed sources that quoted unnamed analysts that China has started stockpiling rare earths had the industry buzzing this week.

Sunday's Financial Times asks the question: Has the age of “peak steel” – in which world steel annual output and demand reaches a plateau at about its current level of 1.5bn-1.6bn tonnes – finally arrived?

China may be investing billions elsewhere to locate new mineral deposits, but Geologist Noel White believes there are huge discoveries yet to be unearthed within its borders.

The National Post reports that June home sales hit a 10-year low.

Xstrata has delayed voting on a merger with Glencore as investors continue to dictate the offer and unions become more vocal about their concerns over the deal.

Gold production in the country – the world's top miner of the metal – appears to be slowing and at the current rate output is set to fall below the 341 tonnes mined in 2010.

Australia's antitrust regulator has decided it would not oppose commodities trader Glencore's $26 billion takeover of miner Xstrata.

Aluminum Corporation of China Limited and Ivanhoe Mines Ltd. agreed that the Chinese aluminum firm will get 30 days to buy Ivanhoe's stake in SouthGobi Resources.

Galaxy is an Australian-based global lithium company with lithium production facilities, hard rock mines and brine assets in Australia, China, Canada and Argentina.