The Australian dollar has pushed back above $US1.05, despite the release of weaker-than-expected retail spending figures. At 5pm AEDT, the dollar was trading at $US105.08, up US0.26c. Easy Forex currency dealer Francisco Solar said the ...
Numbers of Germans out of work rose for the ninth month running in December but held close to a post-reunification low, adding to signs Europe's largest economy remains relatively unscathed by the region's crisis. Labour Office data ...
Xinhua reported that China's Hanlong Group intends to take over Australian mining company Sundance early next year and gain control over a key supply of iron ore in Africa. The Xinhua news agency quoted officials at the privately owned ...
Tags: China, Hanlong Group, Sundance, iron ore, Africa
London copper rose more than 2% on Wednesday, headed for its biggest daily rise since mid-November, as the US Congress struck a deal to avert a fiscal disaster and upbeat China data indicating steady improvement in the world's top copper ...
Tags: London, copper, copper consumption, metal induatry
APP reported that China privately owned Hanlong Group has close to finalizing the acquisition of Australia's Sundance Resources, a mining firm that controls a major iron ore mine in West Africa. Such a move would give China a stronger ...
Tags: China, Hanlong Group, acquisition, Sundance Resources, mining
Japanese buyers have agreed an aluminium premium of USD 240 per tonne with Rio Tinto Alcan for some January to March shipments, down from a record this quarter, reflecting easing demand as the world’s third largest economy slips into ...
Tags: aluminium premium, Japan, Rio Tinto Alcan, aluminium
“The most valuable commodity I know of is information.” (Gordon Gecko in “Wall Street” by Oliver Stone) Commodities have experienced a renaissance after the bursting of the internet bubble at the end of the ...
Tags: Commodities, Metallurgy, Mineral
Reuters reported that global stock markets surged almost 2.0%and commodity prices rallied yesterday after US legislators struck a deal to halt a round of automatic fiscal tightening that threatened to push the world's largest economy into ...
Tags: Saudi Market, Rallies, Fiscal Deal
The construction sector is once again providing work for the regional metal working and steel fabrication industry, thanks to mega projects worth billions of dollars that were announced recently in the UAE. And, an upcoming trade show, ...
Tags: Sharjah Steel Fabrication, construction sector, metal working
The mining sector's bellwether companies were all beaten down on Monday after China's premier Wen Jiabao delivered a downbeat outlook for the world's second largest economy adding that there were "new problems" to deal with. China will ...
Tags: China, Coal, Copper, Finance, Iron Ore, Lead, Nickel, Potash, Rare Earth, Zinc
The rise of mining costs will have a more dramatic impact on 2013 industry results than in the last couple of years, global ranking agency Fitch Ratings revealed Thursday. According to the firm’s experts, a gloomy macroeconomic ...
Tags: Africa, Coal, Finance, Gold, Iron Ore, Platinum, Potash, Rare Earth, Silver
Reuters reported that Japan's aluminium premiums for January to March shipments were mostly set at USD 240 to USD 245 per tonne, down from a record in the current quarter, reflecting easing demand as the world's third largest economy slips ...
Tags: Japan, aluminium premiums, economy, aluminium demand
Reuters reported that spot iron ore was unchanged on December 18th Tuesday, holding at a more than 5 month high that was hit after a two week rally, although a slowdown in steel price gains this week in top consumer China may prompt buyers ...
Tags: Iron Ore, steel, steelmaking, mills
Reuters reported that German business sentiment climbed for the second month running in December as confidence in the outlook surged more than at any time in the last 2 and 1/2 years, boosting hopes Europe's largest economy will bounce back ...
Tags: business sentiment, climbed, largest economy, business climate index
Reuters cited a research report published Wednesday by the State Information Centre, China’s leading think tank, China's exports are likely to grow 8 % in 2013 from the previous year while imports could rise 7.8 %. The report ...