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Iron ore: Dalian price hits one-year low on demand concerns
Dalian's iron ore price touched a one-year low on Wednesday as demand concerns intensified due to China's limits on its steel production and a worsening liquidity crisis in the country's real estate sector. The most-traded January iron ore contract on the Dalian...
Tin: best annual performance of non-ferrous metals
Tin remains the superstar on the London Metal Exchange of industrial metals. At $37,350 per tonne, the LME's three-month tin is up 77% since the start of the year, far outperforming aluminium, which is the second best performer with a gain of "only" 26%. LME stocks...
Chile cuts mining investment forecast to $69 billion until 2030
Chile's state copper commission Cochilco reported on Monday that the country is expected to receive $68.9 billion in mining investment until the end of the decade, down 6.9% from the previous forecast as two projects were removed from the guidance. Five new mining...
Aluminium: Russia should remove export tax
Expectations that Russia will remove taxes on aluminium exports and increase global supplies have triggered a sell-off in inventories that has reduced prices for the metal on the physical market in Europe and the US. As the reduction in aluminium stocks accelerates,...