Why The Panic ? Ask Ye Not.

This year copper has fallen a further 17%. Last week it traded at $2.30 per lb. having fallen 5% in just two weeks. Poor German manufacturing data led to a fall of 3.1% in one day alone .But things are changing. Chinas manufacturing index has risen off its August lows. This year supply and demand […]

Mayhem Amongs The Miners (2)

Question – does it make sense for the worlds giant mining companies to be ramping up production when metal prices are in freefall. The answer must surely be – of course not – so why are they doing it ? In iron ore Rio Tinto and BHP Billiton have increased production so much that they have […]

Mayhem Amongst The Miners As Iron & Steel Prices collapse

Steel prices on the Shanghai futures index fell 5% in a single session yesterday, leading to a further 3.9% fall in iron ore prices. A knock on effect was felt on the worlds stock markets as mining shares followed suit and billions were knocked off the value of the four big majors, with more still […]