Spot market iron-ore prices dropped again overnight despite news that steel production in China, the biggest iron-ore-consuming nation, continued to rise in early August.
China's regional governments have unveiled a slew of new stimulus plans over the past two months worth a total of 7 trillion yuan according to Chinese-language news sources.
Hong Kong-based economist and investor Marc Faber said on Thursday during an interview with CNBC's Closing Bell that a global recession is a 100% 'sure thing'.
China's biggest copper producer has established a wholly-owned subsidiary in Hong Kong in order to reduce the cost of financing raw material imports and future acquisitions.
Already running at a loss or struggling to stay in the black, most thermal coal mines in Australia's Queensland are now facing additional challenges as exports drop and major projects wind back.