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Australia iron ore output and export hit record level
Australian Bureau of Agriculture and Resource Economics report, iron ore production was 107 million tonnes in the September quarter, up 8% on the previous quarter, while exports were 98Mt, up 10%.
The appreciation of the Australian dollar resulted in the value of copper exports dipping 4% to $1.5 billion.
ABARE said copper production in the December quarter [...]
Stainless Steel Increase Demand Nickel Prices
Nickel has endeavored to touch the psychological level of INR 1000 per kilogram after a gap of around 1 year. There has been a significant rebound in prices of nickel, as it was most heavily beaten down metal earlier. It has been on a constant rise, after its breakout above INR 666 per kilogram in [...]
Posted in Nickel MiningAn economic recession occurs on Mining industry
The expansionary monetary and fiscal policies coupled with sub-prime and speculative lending and weak financial regulatory systems in the industrialized world, especially the US, have led to the global financial and economic crisis (Laborde and Torero, IFPRI, 2009). Low interest rates and high public expenditures in industrialized countries have contributed to the crisis.
The global financial [...]
