(May 16, 12)
USD/RMB=6.3205
Shares in U.S. steelmakers fell on Wednesday and analysts said it was likely related to a major iron-ore producer warning that commodity markets could cool further.
The world's top iron ore exporter, Brazil's Vale, is not excluding Chinese shipowners from transporting its iron ore and remains open to selling its huge dry bulk carriers to them.
BHP Billiton (BHP.AX) (BLT.L) said it expects commodity markets to cool further and that investors have lost confidence in the longer-term health of the global economy.
Brazil's Manabi SA, an iron ore startup, said Wednesday that its board has applied to the Brazilian securities regulator for approval to sell stock in Brazil, Canada and the United States.
Export-Import Bank of Korea plans to exceed its $11 billion debt raising target this year, taking advantage of tumbling bond yields to cut funding costs and boost lending to exporters.
Restrictions on nickel-ore exports by Indonesia may force Japan, the world’s third-largest producer of refined metal, to source raw material from other suppliers or reduce output.
Gold, on the brink of a bear market, declined for a fourth straight session as concern that Greece will have to leave the euro boosted the dollar and cut the metal’s appeal.
Billionaire investor George Soros increased his holdings in the SPDR Gold Trust in the first quarter while John Paulson maintained his stake, the fund’s largest.
Oil slid to a six-month low and gold declined as the Dollar Index extended a record-long rally amid concern Greece’s financial crisis is worsening.
London copper edged higher for the first time in five sessions on Thursday with a firmer euro aiding its bounce from four-month lows in the previous session.
Indonesia will apply an export duty of 20 percent to 21 metal ores and concentrates, extending a list of 14 metals proposed earlier this month to be subject to the duty.
Copper futures retreated for a fourth consecutive session Wednesday as investors dumped the industrial metal on worries about Europe and the resulting clamor for the U.S. dollar.
The amount of copper stored in bonded warehouses in China is falling as material makes its way to Asia following a tightening of London Metal Exchange spreads.
The global copper market was in a deficit of 157,000 metric tons between January and March, the World Bureau of Metal Statistics said Wednesday.
ThyssenKrupp AG (TKA)’s steel plant in Brazil may be of interest to South Korea’s Posco (005490) or Vale SA (VALE3), which already owns 27 percent of it.
From macro-economic statistics; output; imports and exports; surveys, etc. to historical prices concerning China's non-ferrous metals markets and relevant industries.
[May 17, 2012]Gold futures on the COMEX division of the New York Mercantile Exchange...
[May 17, 2012]The U.S. crude price dipped further on Wednesday and settled under 93...
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