*China copper smelters agree to trim output. MELBOURNE, Nov 30- London copper and nickel sank early on Monday, shrugging off a wave of plans to cut output by struggling Chinese producers which traders said have just refueled jitters over the worsening shape of China's demand. Nine large copper producers in China agreed an initial plan to cut refined metal output...» Read More
Steelmaker ArcelorMittal raised a bigger-than-expected $4 billion in a share and convertible notes offering, it said on Thursday, to fix its debt-laden balance sheet.
China's imports of iron ore roared to a record high in December and for the full year, while crude imports also climbed, boosting hopes that a recovering economy in the world's top commodities consumer will lift its appetite for imports.
Australia's first cyclone of the storm season is intensifying off the country's northwest and is expected to start affecting coastal areas in mining powerhouse Western Australia state as soon as Friday, the Australian Bureau of Meteorology said.
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Steve Johnson, CIO, Intelligent Investor says the iron ore price has gone too far, too fast, and that the demand picture out of China doesn't support the spike in prices.
Soozhana Choi, Head of Commodities Research, Asia at Deutsche Bank is bullish on base metals on the back of China's growth rate returning to 8% by the second half of this year.
Dominic Schnider, Head of Commodity Research, UBS Wealth Management says platinum, palladium and silver will do well this year amid loose monetary policies and a recovery in the global economy.
Nick Ferres, Investment Director, Global Asset Allocation, Eastspring Investments sees buying opportunities in cyclical sectors like mining stocks since risks from the fiscal cliff have not been priced into risk assets yet.
South African President Jacob Zuma has kicked off five days of discussions over the country's economy, including the possible introduction of a mining tax and greater state intervention in the sector.
Australia's no.3 iron ore miner, Fortescue Metals Group, is in talks to sell a minority stake in its multi-billion dollar port and rail assets as it looks to cut debt and build new mines in a world of weaker iron ore prices.
BHP agreed to sell its stake in the Browse liquefied natural gas project to Chinese oil and gas producer PetroChina for $1.63 billion, the second partner to leave the project in recent months.
Alan Oster, Group Chief Economist, National Australia Bank warns of a multi-speed economy in Australia. He says the country is 12-18 months away from the peak of the building phase of its mining boom.
Freeport-McMoran bought Plains Exploration and McMoran Exploration -- a company in which it already owns a partial stake -- in two deals worth a combined $9 billion.
John Smith, Silver Standard Resources CEO, discusses his latest mining project in Mexico, which holds one of the world's largest silver reserves.
Paul Trainor, Senior Portfolio Manager, Macquarie Private Portfolio Management says investors should still be focused on yield while interest rates are falling in Australia.
Wayne Swan, Treasurer of Australia says weaker third quarter growth figures shouldn't be a concern. He says the country's economic fundamentals are still strong, despite market concerns about the slowing mining boom.
Warren Gilman, chairman and CEO of CEF Holdings, explains to CNBC his reaction to Rio Tinto's recent jump in the stock market, saying the price of its shares will most likely come back down shortly.
Tom Albanese, CEO of Rio Tinto discusses the impact of China's recovery on commodity prices as well as the company's latest round of cost-cutting measures.
Investment committed to Australian resource projects rose by nearly A$8 billion in the six months to the end of October, while the number of projects declined, in part underscoring rising construction and labor costs in Australia's resources sector amid weakening demand.
Australian mining magnate Gina Rinehart, one of the world's wealthiest people, has displayed a trait rarely revealed publicly among the super-rich: insecurity.