*Zinc soars on Glencore output cut. NEW YORK, Oct 9- Major world stock markets were poised for their biggest weekly advance since 2011 on Friday, as greater investor appetite for riskier assets propelled gains in equities and a surge in commodities and crude oil prices. Declines in the dollar, a bullish oil forecast and giant miner Glencore's pledge Friday to slash...» Read More
MELBOURNE, April 14- London zinc and lead fell on Tuesday, after a chart-based rally was cut short against a backdrop of growing doubts over the outlook for demand in top user China, which also dragged on London copper prices. *Benchmark zinc and lead on the London Metal Exchange dropped 1 percent, after failing to break their 200- day moving averages during London...
SINGAPORE, April 14- Crude prices rose on Tuesday after the U.S. Energy Information Administration said it expected U.S. shale oil output to record its first monthly decline in over four years. Front-month Brent crude futures were trading up 34 cents a $58.27 a barrel by 0106 GMT, while U.S. crude had risen 31 cents to $52.22. From a fundamental perspective however,...
Mathew Hodge, resource analyst at Morningstar, says a price recovery in iron ore depends on when big miners like Vale realize the strategy of boosting production is a mistake.
NEW YORK, April 13- Oil production from the fastest-growing U.S. shale plays is set to fall some 45,000 barrels per day to 4.98 million bpd in May from April, the first monthly decline in over four years, projections from the U.S. Energy Information Administration showed on Monday. Oil production from the Permian Basin of West Texas and New Mexico were forecast to...
Oversupply and a lack of demand growth has led some market analysts to speculate that iron ore prices will never recover to former levels.
Canadian gold mining companies Alamos Gold and AuRico Gold are merging in a deal valued at approximately $1.5 billion.
*Miners fall after China data, Citi downgrade. *M&A speculation boosts Nokia, Alcatel. LONDON/ PARIS, April 13- European shares stalled on Monday after a recent rally as poor Chinese trade figures knocked mining shares, although mergers and acquisition activity helped keep pan-European indexes afloat.
Colin Hamilton, global head of commodities research at Macquarie, says iron ore prices need to fall to compensate for oversupply, and warns companies should start exiting the sector.
MANILA, April 13- The Philippines is tightening oversight of the roughly 300,000 small-scale miners in the country as it looks to curb illegal mining and gold smuggling, as well as to protect the environment, a government official said on Monday. The Philippines is sitting on mineral reserves worth $1.4 trillion, among the world's biggest, but mining accounts...
Gaurav Sodhi, resources analyst at Intelligent Investor, says it is inevitable for junior miners to go bust because there must be a contraction with iron ore supply before prices can rebound.
As mine safety regulation grows stricter, one Pennsylvania-based company is forced to move some Amish workers from their posts.
Alcoa reported a mixed quarter on Wednesday, beating expectations on earnings, but missing on revenue.
Juerg Kiener, MD & CIO of Swiss Asia Capital, Singapore, says prices of the steel-making raw material could continue to fall due to strong supply and flagging demand.
Campbell Dawson, director at Elstree Investment Management, discusses the possibility of another interest rate cut by the Reserve Bank of Australia next Tuesday.
Gaurav Sodhi, resources analyst at Intelligent Investor, says iron ore prices could fall further, with Australia's Fortescue Metals looking precarious at this stage.
Bill Shorten, opposition leader in Australia, says the free trade deal presents opportunities in sectors like services. He also discusses Australia's participation in the Asian Infrastructure Investment Bank.
Speaking at the Mines and Money conference in Hong Kong, Gina Rinehart urged governments to reduce red tape on mining projects.
With commodity prices unlikely to return to the levels seen during the mining boom period, miners will need to "get to grips" with current levels, says Dan Lougher, CEO of Western Areas.
Karl Simich, CEO at Sandfire Resources, says the depreciation of the local dollar helps to attract investments into Australia.
Alex Burns, executive chairman of Energia Minerals, expects prices of iron ore to remain subdued on the back of a sustained period of oversupply.