That $110 iron ore price floor: Gone!
Iron ore has only enjoyed three up trading days over the last six weeks.
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
India’s state-owned rare earth miner heading for Odisha’s beaches
The identified area is the second coastal stretch in Odisha, where deposits of rare earth minerals have been found.
Molycorp steadies itself after another brutal sell-off
Molycorp recovered somewhat on Monday after a brutal Friday when the rare earth miner was beaten down 11.8% – it was also one of the most actively traded stocks on the NYSE – after an analyst raised doubts about its Mountain Pass mine ramp-up plans.
Iron ore red alert: China’s steel output could shrink for the first time in 31 years
Given Chinese officials' penchant for painting rosy economic pictures, it is something of a big deal when a state-backed institution such as the China Iron and Steel Association makes such a bearish call.
Report: Codelco grabs Los Bronces at multi-billion dollar discount after Anglo caves
London's Sunday Times reports Anglo American is close to a deal to hand over a share in the Los Bronces copper project to Chile's Codelco at "a discount of several billion dollars" some time this week. If the report is correct it would provide further ammunition to those calling for Anglo CEO Cynthia Carroll's head.
Lonmin to miners: Rock up for work on Monday or you’re fired
The Lonmin violence is "a strike by the poor against the state and the haves" says analyst.
Alrosa’s move may ‘rescue’ Indian diamond sector
Alrosa announced this week that it sold rough diamonds to the Russian state gem repository Gokhran for the first time in three years.
Tragedy at Lonmin scaring investors in South Africa
The actual strike isn’t a deterrent to investors. But certainly the inability to get it under control will be of concern, particularly as this is now the third platinum mine that has seen conflict resulting in deaths this year.
Glasenberg won’t budge on Xstrata
Glasenberg’s determination to continue with the offer as originally planned comes amid growing signs that Xstrata is more confident of its position on a stand-alone basis.
First Karnataka iron ore mine restarts, but export ban stays
The restart of iron ore mining in Karnataka amid multi-year low prices for the commodity is not seen to impact the global seaborne trade in the near-term.
GRAPH: Cobalt price plunge and the EV market
Cobalt prices have plummeted to their lowest level since 2016, as a deluge of supply overwhelms stagnating demand from the electric vehicle […]
