Rio Tinto and BHP Billiton are amassing vast copper holdings in a push to capture a greater chunk of the $140 billion world market, apparently aiming to squeeze out high-cost producers just as they did in the global iron ore business.
The price of spot iron ore has sunk to $75.50 per tonne this week, its lowest level since 2009. The scale of the price collapse has been breath-taking.
Iron ore has dropped by over 35 per cent since the start of the year, a signif
South Korean automaker Kia Motors has launched the fourth generation Kia Rio in Sharjah through Al Majid Motors, its sole distributor in the UAE.
Sales have been tremendous since the birth of the Rio, and demand is high for the latest mode
Al Majid Motors, the exclusive UAE distributor of KIA Motors launched the all-new version of the automobile company’s compact B-segment sedan, Rio, at the Dubai International Motor Show
The event was attended by B T Yea, executive vice pr
China's detention of steel executives suspected of leaking state secrets could reduce the flow of market information in China as analysts and researchers self-censor to avoid trouble.
A senior executive at Shougang, China's eighth-largest
BHP Billiton, the world's biggest mining group, is considering the sale of one of its largest units, BHP Petroleum, to help finance a hostile takeover of Rio Tinto, the UK Sunday Times newspaper said.
BHP's financial advisers Goldman Sachs