lunes, 2 de julio de 2018

CHARTS: Halfway through 2018 and the mining rally is over

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Mining News Digest
Tuesday 3 July 2018
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"China's buoyant mood is giving way to concerns around tightening credit and a slowing manufacturing sector."

Platinum prices drops 5% on Monday to lowest since July 2004 as US–Europe car trade spat adds to precious metal's woes.

Top iron ore exporter forecasts a return to the $50s as Chinese imports starts annual decline after decades of growth.

Indonesian minister says majority stake purchase of iconic mine seen valued at $3.5 billion to $4 billion.

Vedanta "can be the second- or third-largest resource company in the world."

Amid the warnings, copper was listed as the top pick after palladium.

Europe warns Trump vehicle tariffs likely lead to counter-measures by its trading partners on $294 billion of US exports.

Until last month, Glencore was fighting three lawsuits in Congo that called into question its control of its prized copper and cobalt mines.

It is not the first time Chinalco, China's biggest state-owned aluminium producer, has run afoul of the country's ever stricter environmental regulations.

Thyssenkrupp's joint venture with Tata Steel – to be named Thyssenkrupp Tata Steel – will have around 48,000 workers and about 17 billion euros in sales.

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