Alacer Gold Corp.’s plunging mining profits in Australia are creating a takeover bargain in Turkey.
Gold rose to a record in New York and London on investor speculation that international financial support for indebted European states will depress currencies.
The ripples from Indonesia’s ban on mineral-ore exports are reaching energy markets, as shuttered mines and idle trucks crimp demand for diesel.
Australian billionaire Clive Palmer ’s much-touted ties with China weren’t enough to convince Hong Kong investors to put up $3.6 billion for shares in his unprofitable iron ore and coal company Resourcehouse Ltd.
Iron ore prices will probably be supported by “robust” demand in China, the biggest steel producer, outweighing concerns that global economic growth may slow, according to Mine Life Pty.
"Markets once again have been led to believe that the Fed's next move on interest rates will be up."
- Gavin Wendt on Jan 28, 2015