martes, 14 de noviembre de 2017

Gold demand from China picks up again

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China News Digest
Wednesday 15 November 2017
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Total gold consumption, including jewellery and bullions but excluding the central bank's purchases, rose 16% to 815.9 tonnes in the first nine months of the year.

BMI predicts that iron ore prices will remain on a long-term gradual downtrend until at least 2021.

Copper cargoes drop more than 20% while iron ore shipments sink to one-and-a-half year lows.

Africa largest untapped source of growth for industry and would provide huge opportunity, says Rio Tinto's chief executive of energy and minerals.

The state miner is seeking private-sector partners to develop and exploit its vast Maricunga and Pedernales deposits in the north of Chile.

"We and China Gold will create an attractive financial platform that private investors can take part in and make money," said Alexey Chekunkov, head of fund.

Call options wagering on copper climbing above $10,000 a metric ton by Dec 2018 have started trading during past two weeks, with $4.5m spent by traders.

EuroChem Group AG spending over $6bn on two mines to produce potash, a mineral found deep in the Earth that's prized for its ability as soil fertilizer.

Millions of people visit them every day. Just a quick scroll through your Instagram feed will reveal at least a couple photographs of your friends standing next to or on top of them.

Global deficit in nickel supply to drop 53,000 tonnes in 2018 from 98,000 tonnes this year, partly due to recovery in Chinese production growth.

China needs to ease its reliance on the Democratic Republic of Congo.

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