[ferro-alloys.com] A copper and nickel rally alongside a spate of positive quarterly results combined to see the majority of leaders by market capitalisation post healthy gains in the past week.China Moly spent $2.65 billion acquiring a 56% stake in Tenke Fung...
[ferro-alloys.com] BHP Billiton on Tuesday denied commentary in a Brazilian newspaper that it has agreed to sell its stake in the Samarco iron ore mine to its partner Vale.
[ferro-alloys.com] Sajjan Jindal’s JSW Steel should soon have two factors working to mitigate its rising expenses, amid volatile coking coal and relatively higher domestic iron ore prices.
Iron ore prices received a major boost Monday hitting its highest level in eight months after upbeat Chinese data showed its construction sector in July grew the most in almost four years.
[ferro-alloys.com] Kumba Iron Ore chief executive officer Themba Mkhwanazi correctly predicted in February that his company’s commodity would plunge 40 per cent. After a recent recovery, he expects it to fall again.
[ferro-alloys.com] Summary
FCXhas been fighting for survival after being on its proverbial death bed just a year and a half ago.
The fight for survival continues as evidenced by lower production and heavy strategic declines in oil.
Cost cutting has be...