Investors have been piling into shares of the world’s largest iron-ore producer, touting it as one of the biggest opportunities to emerge from the carnage in Brazilian markets.
Vale sank to a three-year low in March amid the coronavirus outbreak that …
Fund managers see once-in-decade shot in Brazil’s iron-ore giant Read More »
State-run Coal India is considering cutting output at some mines, aligning it with a steep drop in demand from power generators amid a countrywide lockdown, according to people with knowledge of the development.
The Kolkata-based miner will focus on c…
Coal India mulls output cuts as inventories mount on virus fight Read More »
The coronavirus pandemic has frozen the Chinese gold market, torpedoing demand at a time when investors elsewhere in the world are clamoring for the safety of bullion.
China is the biggest buyer of gold bars, coins and jewelry, but the national shutdo…
World’s top gold market freezes as Chinese shoppers stay away Read More »
Australian billionaire Andrew Forrest has spent more than a decade feeding China’s steel-making boom – now he’s leveraging his ties there to source medical supplies for the battle against the coronavirus Down Under.
Forrest’s Minderoo Foundation has p…
A billionaire miner is using China ties to source virus supplies Read More »
Russia spent more than $40-billion building a war chest of bullion over the past five years. Now, it’s calling it quits.
The central bank announced on Monday that it would stop buying gold starting April 1, but didn’t explain the move. Analysts say Ru…
Russia, world’s biggest buyer of gold, will stop purchases Read More »
Copper miners are poised for their worst quarter since 2008 after the coronavirus pandemic fueled demand fears for industrial metals and forced companies to curb mining operations.
The BI Global Copper Competitive Peers index has slumped 37% this quar…
Global copper miners head for worst quarter since 2008 Read More »
The global oil market is broken, overwhelmed by an unmanageable surplus as virus lockdowns cascade through the world’s largest economies.
Onshore tanks in many markets are full, forcing traders to store excess oil in idle supertankers. Refineries are …
The global oil market is broken, drowning in crude nobody needs Read More »
Gold edged lower after its best week since 2008 amid investor caution on policies aimed at mitigating the impact of the coronavirus pandemic.
Bullion’s muted trading comes after the gold market was thrown into turmoil last week as the health crisis di…
Gold pauses after best week since 2008 as caution reigns Read More »
Canada’s policy makers unleashed the full power of the state on Friday, pledging open-ended support that could result in the largest government intervention in the economy since World War II.
In a coordinated response to an increasingly bleak outlook,…
The sky’s the limit for stimulus in Canada’s bid to salvage economy Read More »
A South African refinery has stopped shipping gold to London because of a lack of commercial flights, adding to the disruption that’s upending the physical bullion market.
South Africa’s Rand Refinery, the continent’s only gold refiner, said it’s expl…
South African gold shipments to London have been cut off Read More »
