HONG KONG, Nov 27- China's state stockpiler is considering buying more than 1 million tonnes of aluminum from local smelters, sources said on Friday, an initial sign that Beijing could agree to the first major bailout in its embattled metals industry since 2009.. The potential purchase, worth over $1.5 billion at current prices, would be part of a broader plea for...» Read More
Investors have dumped mining shares this year with a drumbeat of bad news weighing on sector, from weak Chinese data to a supply glut in some metals.
Michael Widmer, metals strategist at BofA Merrill Lynch Global Research, tells CNBC that as emerging markets get more affluent, demand for jewelry and gold increases.
Colin Hamilton, global head of commodities research at Macquarie Group, tells CNBC that there's a return to a cyclical sector in metals and mining.
Mike Elliot, Global and Asia-Pacific Mining & Metals Leader at Ernst & Young says the focus has shifted to productivity in the mining space. Rob Aspin of Standard Chartered Bank Wealth Management Group weighs in.
Peter Akerley, President & CEO of Erdene Gold says upcoming elections in Mongolia will bring about political stability paving the way for investments into the economy.
Sipho Nkosi, CEO of South African miner Exxaro, says the weakness of the rand is a double-edged sword.
Retail investors remained positive on gold in May, despite a sharp fall in demand, said BullionVault, an online trading platform for gold and silver.
Resource funds have had a tough run so far this year, but diamond miners have managed to emerge relatively unscathed, with many stocks surging this year.
Benoit Anne, head of emerging markets at Societe Generale, tells CNBC that the intervention of Zuma in South Africa had a really negative impact on markets.
With multiple investment banks signposting the end of the commodity supercycle, a World Bank director has warned developing countries that have benefited from the surge to protect themselves against a price crash.
Bank of America Merrill Lynch has sliced its 2013 outlook for silver, in a warning sign for investors that view it as a leading indicator for gold.
Warren Gilman, Chairman & CEO of CEF Holdings says the recent sell-off in commodities is a short term reaction that presents long term buying opportunities. He explains why he sees a resurgence in the commodities boom.
Peter Attard Montalto, emerging market economist at Nomura International, talks about the South African mining sector, the potential rise of further union unrest and the impact it would have on the country's economy.
Stan Shamu, Market Strategist at IG Markets says the yield play continues to be the dominant theme in Australia as the mining sector goes through a downgrade cycle.
Colin Hamilton, global head of commodities at Macquarie Group, tells CNBC that gold is being driven lower by a very strong dollar and continued ETF outflows.
Billionaire George Soros reduced his holdings of exchange-traded products backed by gold prior to last month's freefall.
Brad Partridge, Portfolio Manager at Macquarie Private Portfolio Management says the weaker Australian dollar provides an opportunity to invest in global industrial companies with exposure to the U.S. dollar, and recovering U.S. economy.
David Bradbury, Assistant Treasurer of Australia, says there is still room for the RBA to cut rates further. He also deconstructs Treasurer of Australia Wayne Swan's comments and the budget expectations stating that mining boom will continue while jobs remain the key focus.
Peter Toogood, investment services director at OBSR, Old Broad Street Research, comments on the mining sector and explains why mining stocks should never be seen as long-term secular hold.
Paul Renken, senior geologist and mining analyst at VSA Capital, questions ArcelorMittal's steel prices outlook, and discusses what it could do to reach its higher profit guidance for 2013.