SHANGHAI, July 30- The European Commission's imposition of heavy anti-dumping duties on Chinese steel bars is "unjustifiable protection for the EU steel industry," the official Xinhua news agency reported, citing a statement from the Ministry of Commerce. China's steel industry, swamped in overcapacity yet a major employer, has struggled to meet capacity... » Read More
Officials at Glencore sought to reassure credit investors after a market rout earlier this week.
Paul Gait, Sanford Bernstein, says that even thought the stock has been hammered lately, he's still optimistic.
Glencore's downward spiral was halted Tuesday, as its stocks rebounded by as much as 20 percent after a host of brokers came out in support of the group.
Experts are warning of the dire financial impact across the mining and metals space if Glencore is unable to control its skyrocketing debt load.
One famed analyst says this might be the perfect time for commodities investors to pounce.
Fredrik Nerbrand, head of global asset allocation at HSBC, discusses copper's relationship to Glencore and how miners are performing in markets.
Glencore saw its shares slip another 29 percent Monday with analysts stressing that the weakness is likely to be felt across the entire sector.
Shares in mining and commodities trading giant Glencore touched a new bottom on Friday, hit by a torrid week of analyst downgrades and fears about China's economic slowdown.
Eli Lustgarten, Longbow Research senior research analyst, discusses the impact of Caterpillar's coming layoffs.
John Meyer, a mining analyst at SP Angel, says demand in China for metals and mining commodities is not picking up.
Wayne Swan, Former Deputy Prime Minister of Australia, says Australia needs "a set of policies which play to the [country's] strength" while encouraging non-mining investments.
Is it time to splash on some investment jewelery? The answer may be yes if you fancy a diamond ring, with prices for the gemstone down as much as 29 percent since last year.
Gavin Wendt, founding director & senior resource analyst at MineLife, outlines the factors driving the rally in copper prices.
Copper prices rose sharply on Monday after commodity giant, Glencore, revealed plans to suspend some of its copper operations, pulling 400,000 tons of the red metal off the market in a debt-cutting exercise.
Paul Gait, senior research analyst for metals and mining at Sanford Bernstein, discusses whether it's the ideal time for Glencore to be raising equity.
Alexandra Bouriko, CFO of Rusal, says her company will not cut aluminum production or reduce capacity.
Jonathan Barratt, chief investment officer at Ayers Alliance Securities, says recent volatility suggests that the market is trying to find a base hence commodity traders may want to start adopting long positions.
While the long-term prospect for oil looks promising, the near-term outlook remains cloudy due to factors such as a looming Fed rate hike, says David Lennox, resources analyst at Fat Prophets.
Paul Bloxham, chief economist, Australia & New Zealand at HSBC, says Australia's growth remains below-trend as the country attempts an economic rebalancing act.
Activist investor Carl Icahn became the top shareholder in mining company Freeport-McMoRan.