Rio Tinto – The First Green Shoots of a Mining Recovery ?

Rio Tinto RIO The first green shoots of a recovery in mining may have been seen in RIO’s first quarter with iron ore shipments up by 11% and global iron ore production up by 13% on a year ago.  Bauxite production also rose by 6% and aluminium by 10%.  Mined copper was down 2% on the […]

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 […]