As copper prices soar, the Lincoln Tomb is robbed of a 3-foot-tall sword.
It was supposed to be a union of two legendary business dynasties, one West, one East. But their ambitious attempt to create an international coal-mining titan appears to have to turned to dust.
The London Metal Exchange has suspended the validity of 274 steel billet warrants belonging to bankrupt brokerage firm MF Global, an exchange spokesman said on Saturday.
Toronto's main stock index was up more than 1 percent at midday on Friday as commodity prices rose on optimism that Italy would pass an austerity package that would calm fears about Europe's debt crisis.
Chinese importers are buying less spot copper as it has become more difficult to secure U.S. dollar letters of credit and on sufficient domestic supply, traders said on Friday.
After a series of tightening measures by China's central bank choked off bank loans to small- and medium-sized companies (SMEs), many resorted to importing copper and other commodities as a way to get cheap loans.
Zambia's new government unveiled an expansive 2012 budget on Friday, with big increases in social spending and farming subsidies to be paid for by a rise in mineral royalties and a debut $500 million Eurobond.
Peru said on Friday that it will crack down on violent anti-mining protesters after clashes with police injured 40 people, the first skirmishes since President Ollanta Humala took office vowing to defuse conflicts over natural resources.
Asian shares rebounded on Friday and the euro clawed higher, with European stocks also expected to make gains after brighter corporate news lifted U.S. stocks and debt-laden Italy was able to fund itself at a bond auction.
Asian shares rebounded Friday and the euro clawed higher, with European stocks also expected to make gains after brighter corporate news lifted U.S. stocks and debt-laden Italy was able to fund itself at a bond auction.
Sitting in China's copper and steel warehouses is a hidden risk to the world's second-largest economy -- banks' indirect exposure to a property market that is showing signs of stress.
Zambian finance minister Alexander Chikwanda is expected to unveil a pro-poor budget on Friday, reflecting the shift in political priorities in Africa's biggest copper producer since opposition leader Michael Sata's September election upset.
Investors stuck with gold exchange-traded products (ETPs) in October, but most other commodities ETPs saw outflows as investors remained cautious about the outlook for economic growth.
Asian stocks fell sharply Thursday after soaring Italian borrowing costs stoked fears the debt crisis in the euro zone's third biggest economy will overwhelm its financial defenses, raising the risk of a break-up of the currency area.
A four-hour power cut hit Zambia's capital and main mining region on Wednesday, although it was not clear what if any impact there was on output from Africa's biggest copper producer.
A one-day protest by communities in the northern region of Cajamarca on Wednesday against Newmont's $4.8 billion Conga gold project was peaceful and did not hurt mining operations, the government and the company said.
