May 27, 2012

Beijing iron exchange handled only 8 transactions in its first 3 weeks

It has been a slow start for China’s first physical iron ore trading platform which was launched with the idea that it would give China greater influence on the price…

May 25, 2012

Rio Tinto confirms strong potential for diamond jewellery demand in China

An increasing demand for diamond jewellery coming from China could help precious stone producers to boost sales in the following months, hinted diversified miner Rio Tinto (LON:RIO) in a release…

May 25, 2012

China gains approval to begin trading silver futures

It has been a tough month for both silver prices and silver stocks. The Global X Silver Miners ETF (SIL) has fallen nearly 16 percent in the last month.

May 25, 2012

Chinese consumption surprise sees copper price come roaring back

Goldman Sachs came out with a report showing Chinese copper usage in April came in at the second highest run rate on record.

May 22, 2012

Global aluminum market to reach $112.3 billion this year: report

The value of the global aluminum market will reach $112.3 billion this year according to a new study published by Netherlands-based research company ADSReports.

May 22, 2012

Xstrata relies on China to lift copper demand

Copper demand in China, the world's main consumer of the red metal, is expected to rebound in the second half of 2012, despite the uncertain outlook for Europe, the head…

May 22, 2012

Rio Tinto sells aluminum business for $185 million

In what it seems a move towards exiting the aluminum wire business, diversified miner Rio Tinto (LON & NYSE:RIO) announced it is selling its U.S.-based wire and cable business Alcan…

May 21, 2012

Iron ore hits six-month low as China just says no

Iron ore prices fell on Monday to six-month lows of $130/tonne as Chinese steelmakers demand cargo deferrals or simply default on shipments.

May 20, 2012

China may surpass India as biggest gold market, WGC says

Gold demand in China may surge as much as 30 percent this year as rising incomes boost consumption, helping the country topple as the world's largest bullion market on an…

May 20, 2012

Throwing BRICS into the fire of gold and silver investment demand

Despite ongoing pressure from the United States for China to join its sanctions against Iran due to concerns over the Islamic country’s nuclear program, an Iranian diplomat recently revealed that…