SAO PAULO, July 26- Brazilian equities rose on Tuesday as higher prices of iron ore lifted shares of miner Vale SA following a heavy batch of corporate reports. Iron ore futures listed in China rose more than 2 percent on Tuesday as steel prices recovered from a steep fall last week. But the Mexican benchmark index IPC seesawed as traders avoided making big bets... » Read More
Economists may teach that low prices and declining demand encourage producers to decrease supply, but the iron ore industry may have skipped class that day.
Colin Hamilton, global head of commodities research at Macquarie, says metal markets are "desperate" for the Chinese New Year - a time when copper buying increases.
With copper crashing, CNBC's Morgan Brennan takes a look at what mining stocks are being hit the hardest.
Mining stocks sold off sharply on Wednesday, with Glencore falling to an all-time nadir, after copper plunged to a five-and-a half-year low.
Copper prices have slumped to 2009 levels. Nic Brown, head of commodities research at Natixis, discusses what's leading the selloff, saying he's been pretty "bearish on copper for a while."
The US economy may be chugging along but pay attention to these red flags for global growth, says Ron Insana.
Gold has extended gains to climb to its highest level since last October as copper has fallen further below $6,000, beyond five-year lows.
As it continues to shift its business model, Alcoa delivered fourth-quarter earnings and revenue that topped analysts' expectations.
Russia's Lin Industrial unveiled plans to build a lunar base for mining the moon's resources. The project would cost about $9.4 billion.
Joy Global, which gets more than 60 percent of its revenue from coal miners, reported a 4 percent fall in revenue as customers cut production.
A halving in the price of iron ore this year has been fueled in part by Chinese speculators who built up huge short positions on the one-year-old futures contract.
Shane Oliver, Head of Investment Strategy & Chief Economist at AMP Capital Investors, outlines his expectations for the central bank after it left rates on hold at 2.5 percent on Tuesday.
Gavin Wendt, Founding Director & Senior Resource Analyst at Mine Life, says the miner's announcement on Monday is a move to reassure markets that it can handle the fall in commodity prices.
John Wilson, Stock Broker at Morgans Financial, says persisting demand and false expectations for prices to remain stable are leading big miners to ramp up production.
A trade deal signed with great fanfare between China and Australia may not provide Australia with the economic boost that many anticipate.
Businesses are complaining about Beijing's use of non-tariff barriers from customs clearance to quality restrictions to curb raw material imports.
Due to ongoing structural shifts in the sector, iron ore prices are unlikely to recover beyond $100 a tonne, says Daniel Hynes, Senior Commodity Strategist at ANZ.
Ben Magara, CEO of Lonmin, says the company has stabilized after facing a host of issues including an industrial strike in which 30 workers were killed after police opened fire in 2012.
Australia's economic data may have been only "meh," but some economists see dark clouds on the horizon, spurring sharp cuts to growth forecasts.
Despite slow progress, Australia's job market is stabilizing and will continue to improve over the next few months, says Steve Shepherd, Employment Market Analyst at Randstad.