Mining for canaries in China

A debt crisis is threatening the future of one of the world’s top stainless steel producers, Jiangsu Delong Nickel Industry.

The world's largest listed miner said iron ore output from Western Australia on a 100% basis was 76.8 million tonnes in the three months to June 30.

As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.

The world’s single biggest buyer of copper, State Grid Corp. of China, has slowed its purchases of copper wire this year.