China’s imported iron ore market remained downbeat on Thursday May 17, as weak steel prices saw little buying activity.
Chinese molybdenum concentrate prices fell again this week after sellers cut offers still further, with prices reaching their lowest level since June 2009.
Ships carrying nickel have not been allowed to leave the Indonesian island of Sulawesi since May 6, when a ban on exports of raw materials took effect.
Indonesia is set to implement a mineral ore export ban and impose taxes starting May 6, a senior government official told Metal Bulletin.
What will happen after May 6, when Indonesia's ore export ban is due to come into force? Metal Bulletin charts three possible scenarios.
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COMMENT – ASIA MINING CONGRESS: Is Australia losing its edge as a mining destination?
The audience went missing during the Australian session of the Asia Mining Congress on Tuesday March 27 – possibly an indication that the country is losing its attractiveness to investors.
COMMENT: Glasenberg eyes opportunities in crisis
Glencore's boss was keen to talk about a less-discussed aspect of the recent financial turmoil: the opportunities it presents to bigger companies, like Glencore, which are more buffered against volatility
COMMENT: Beware of pulling a dragon by its tail
High-profile trade disputes, like the WTO raw materials case, are more complex than the jingoism which accompanies them, and trade policy more schizophrenic than political rhetoric suggests
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Minor Metals Asia Date: 29 May 12 - 30 May 12
Iron Ore Trading & Risk Management Training Course - Asia Date: 05 Jun 12 - 07 Jun 12
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