Iron ore lump premiums in China have been relatively resilient during a fall in iron ore pellet premiums since the start of the fourth quarter, leading to greater price convergence into January, according to an analysis by S&P Global Platts. ...
Read More »Gold Extends Advance as Fed Decision Breathes Life Into Demand
Gold’s on a roll, courtesy of the Federal Reserve. The precious metal is heading for the biggest weekly advance since July after U.S. central bankers opted to leave interest rates unchanged while reining in their outlook for future increases. Investors ...
Read More »Gold / Silver / Copper futures – weekly outlook: August 15 – 19
Gold prices ended Friday’s session in the red, after spending most of the day in positive territory as a raft of disappointing U.S. economic data reduced the probability of an interest rate hike from the Federal Reserve in the coming ...
Read More »Gold Resource announce 2016 preliminary Q2 production results
Gold Resource Corporation announced preliminary production results for the second quarter ended June 30, 2016 of approximately 10,011 ounces of gold, 572,500 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer with operations ...
Read More »Gold will outperform, iron-ore to be avoided – Junior Indaba
Gold will be the commodity that will outperform in the next 12 months and iron-ore is the commodity investors should avoid at all costs during that period, junior miners voted on Thursday. The 220-strong audience at the Junior Indaba, also ...
Read More »China steel and rare earth sectors face reshuffle amid SOE consolidation
Mergers among China’s central State owned enterprises (SOEs) will be fast tracked over the next few years as the country overhauls the under performing sector to deepen economic reforms. Experts said that sectors such as steel, electricity and railways will ...
Read More »China approves merger plans for rare earth makers
China approved merger plans for six rare earth companies to optimize their industrial structure. China’s Ministry of Land and Resources said that the six companies refer to China Aluminium Corporation, Xiamen Tungsten, Inner Mongolia BaoTou Steel Union, China Minmetals Corporation, ...
Read More »Rare Earth Salts Separation Process Could Be Key for Producers Outside China
Competing with Chinese rare earths production costs is certainly a tall order for companies outside of the country. It’s a challenge that many analysts have pegged as impossible, suggesting that end users will eventually choose to pay a premium for ...
Read More »China to Impose Ad Valorem Resource Tax on Rare Erath, Molybdenum, Tungsten since May 1
Chinese government decided to levy ad valorem tax resource tax on rare earth , tungsten, and molybdenum starting from May 1, to replace the old volume-based tax, Xinhua reported. To simplify the tax structure, some other related charges, including compensation fees for ...
Read More »Inner Mongolia Sees Rare Earth Export Price Down 38.2% in Q1 2015
Export volumes of rare earth from China’s Inner Mongolia dropped 7% on the year in the first quarter, to 1,009.9 tonnes, and the average export price tumbled 38.2% to 340,000 yuan per tonne, local media reported, citing Customs data. Exports from Baotou ...
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