Alacer Gold Corp.’s plunging mining profits in Australia are creating a takeover bargain in Turkey.
The ripples from Indonesia’s ban on mineral-ore exports are reaching energy markets, as shuttered mines and idle trucks crimp demand for diesel.
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.
The Chinese agency that stockpiles strategic commodities is checking to ensure its copper purchases are free of collateral risks amid an investigation of metals at Qingdao Port, said people with knowledge of the matter.
"Gold's still favorably looked at from the perspective of being a safe place to hold money."
- Gavin Wendt on Jan 01, 2015