China's top aluminium province idles plants as demand slows

China's top aluminium-producing province has idled about 700 000 t of capacity in recent months, a senior industry official said, further evidence that slower growth in the world's No. 2 economy is denting the country's appetite for commodities....

Gold slumps on scepticism of EU meeting

Gold eased on Wednesday extending sharp losses made in the previous session as investors were sceptical that an informal European Union meeting later in the day would yield steps to help solve the region's debt crisis. Gold fell to as low as $1...

China’s gold demand seen flat as economy slows

Gold demand growth in China, the second-largest consumer, may stagnate this year as declining prices put off investors and slower economic growth crimps sales, according to the mainland’s biggest gold-jewellery maker. “The volatility and...

London copper slips to 4-month low on Greece woes

London copper fell to a four-month low on Wednesday, extending losses to a fourth consecutive session, as investors continued to shy away from riskier assets with the Greek political malaise threatening to plunge Europe into a deeper financial...

Promising start for China iron-ore trading platform

An Australian cargo was among three sold via China's first physical iron-ore platform on Tuesday, a promising start for the electronic trading system, although traders say volumes must rise before the bourse can create price benchmarks. The...

China eyes upper hand in pricing with iron-ore platform

China's first physical iron-ore trading platform is set to debut on Tuesday, helping the world's biggest buyer of the commodity boost its price-setting influence. The timing looks perfect. Nearly all iron-ore sold to China is now based on spot...

China, eurozone woes fuel risk aversion

Commodities slid on Monday, with copper hitting fresh three-month lows and oil and grains also in the red, as worries about the global economy from China to Europe pushed investors out of risky assets. Gold, otherwise a safe haven, fell too, as...

China's Chalco suffers bigger than forecast Q4 loss

Aluminum Corp of China Ltd (Chalco) reported a bigger-than-expected fourth-quarter net loss of 729.6-million yuan ($115.3-million) on Friday, showing the impact of lower metal prices and higher costs, and warned of losses in the first quarter of...

Shanghai rebar gains for 2nd day, caution stays

China steel futures rose for a second day on Tuesday, tracking gains in other commodities after Greece secured a long-sought financing deal which injected cautious optimism in a market still wary about the outlook for steel demand. The deal...

Iron Ore-Upturn stalls on slow China steel market

SINGAPORE - Iron ore steadied on Wednesday after a recent spike in spot prices spurred caution among buyers who are worried a slow steel market in top consumer China cannot justify sustained gains in prices of the raw material. Offers for...

Financial analyst to speak at Mining Indaba

Financial institution Credit Suisse commodities research VP Tom Kendall will focus on the outlook for the global gold sector during his presentation at the commodities review and outlook forum at the Investing in African Mining Indaba 2012.

China testing waters with reported Jaguar bid, fund manager says

While Jaguar Mining has been mute regarding its CEO’s departure and reported Chinese takeover approaches, a Toronto-based fund manager said on Monday its predator was likely using the company as a trial for future bigger deals. Speaking in an...