NEW DELHI, Feb 5- India on Friday set a floor price for imports of steel products to deter countries such as China from undercutting local mills, the first time it has taken such a step in over 15 years even as the country remains the world's only major growing steel market. Top Indian steel makers such as JSW Steel, Tata Steel Ltd, Jindal Steel& Power Ltd and Kalyani...» Read More
The health of the mining sector has come into sharper focus in recent weeks, with deadly disturbances in South Africa and ongoing concerns about commodity prices denting the sector and the cloud hanging over the sector is unlikely to blow away quickly.
A trade on an Australian mining company and China's latest economic data, with Tim Seymour, Triogem Asset Management.
Xstrata reported a sharp fall in profits Tuesday as the miner battled rising costs and falling prices – which is likely to revive the debate surrounding its stalled $60 billion merger with Glencore, the commodities trader.
BHP Billiton is in protracted talks with Harry Winston, the Canadian mining and retail group, about a sale of its diamond business but could yet opt to keep the unit as discussions drag on with the sole remaining bidder. The FT reports.
Karl Smich, CEO of Sandfire Resources said his company is already selling China material from its DeGrussa Mine which will be commissioned next month. He added that the mine is on track to start full production next year.
In recent years Indonesia, Southeast Asia’s largest economy, has emerged as a darling of foreign investors, but that privileged status may be under threat as its economy shows signs of weakness amid policy changes that are being viewed as protectionist.
Prices of commodities such as copper and gold have slumped more than 15 percent this year as investors shun risk assets and demand fell amid a moribund global economy but a demise of the mining industry is “greatly exaggerated,” according to HSBC.
Gold Fields is sitting at long-term support, and yesterday the bulls stepped in.
Commodities bulls betting on further easing from major central banks to revive sagging prices may be setting themselves up for disappointment.
Freeport-McMoran Copper & Gold CEO Richard Adkerson, told CNBC’s “Closing Bell” on Thursday he expects copper prices to be higher longer term. He's not alone in his bullishness.
The Australian Federal Government is facing one of its biggest fights over its controversial mining tax, after one of the country’s biggest iron ore miners lodged a challenge against the High Court against the legislation.
Shares of mining giants may have slumped this year on falling demand from China and as investors shun assets but they may be due for a bounce.
Ephrem Ravi, Head of Metals & Mining Sector at Barclays says that markets are bullish on copper and that it is a good thing that BHP Billiton can produce more of it.
Gold has been having a rough ride lately. Here's what one technical analyst sees next.
Global mining groups, such as BHP Billiton, Vale and Anglo American, are pruning their expansive portfolios, as calls from shareholders for greater focus and spending discipline prompt them to shed non-core assets.
Jeff Bradley, Globe Specialty Metals CEO, explains how silicon metal is made and the competition his company faces. "We are a very unique company, and we are the lowest cost producer of [silicon metal] in the entire world," says Bradley.
China is releasing a slew of economic data this week, with the potential to move a key currency. The question is how.
Gina Rinehart, reputed to be the world's richest woman, is making headlines again for power struggles with her family and the Australian media.
Hong Kong Exchanges and Clearing (HKex) has defended its purchase price of $2.18 billion for the London Metal Exchange, after some analysts voiced concerns about the amount it was paying.
The Market Vectors Gold Miners Index exchange-traded fund drew some bullish option activity yesterday as traders focus increasingly on precious metals.